Demir Bank sees 30% growth in assets

Demir Bank sees 30% growth in assets
# 26 May 2010 07:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of May 1, 2010, Azerbaijan-based Demir Bank’s assets stood at AZN 274.5 mln, up AZN 63 mln or 29.8% compared with a year ago.

Bank says, loan portfolio reached AZN 188.5 mln, deposits reached AZN 97.8 mln year-on-year. Population’s deposit made AZN 79.9 mln, up 77.4%^ from year earlier. Total capital stood at AZN 47.7 mln, authorized capital at AZN 19 mln.

Demir Bank has been in operation since 1989. (Formerly called Azerdemiryolbank). The bank operates 29 branches.
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