USD 1.7

Baku 25 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Azerdemiryolbank gets a 28% year-on-year increase in term deposits

Azerdemiryolbank gets a 28% year-on-year increase in term deposits

29 July 2009 15:55 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-ECONOMICS. As of July 1, Azerbaijan-based Azerdemiryolbank posted its assets at AZN 215.4 million, up 6% from a year ago.

The bank said loan portfolio increased by 6.8% to AZN 163.5 million, term deposits rose by 27.6% to AZN 51.7 million and savings by held by populations went up by 31.3% to AZN 51 million.

Total capital reached AZN 39.7 million and authorized capital stood at AZN 13.4 million.

Azerdemiryolbank has been in operation since 1989. The European Bank for Reconstruction and Development (EBRD) holds a 25%+1 stake in the bank, leaving 10% to the Netherlands Development Finance Company (FMO), 10% to legal entities and the rest to about 850 individuals.
The bank operates 29 branches, 40 ATMs and 240 POS terminals.

Finance

Azerbaijan

Azerbaijan's insurance market grows by nearly 2% this year

Vusal Gurbanov, Director General of the Central Bank of Azerbaijan

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Chairperson of the Supervisory Board of the Azerbaijan Insurers Association Ulviyya Jabbarova

Azerbaijan's insurance market doubles over past four years

Aliyar Mammadyarov, First Deputy Chairman of the Central Bank of the Republic of Azerbaijan

Central Bank of Azerbaijan preparing new development strategy for insurance sector

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED