Bank Of Baku

DemirBank sees 33% rise in assets

DemirBank sees 33% rise in assets
# 18 June 2010 13:17 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of June 1, 2010, Azerbaijan-based DemirBank’s assets stood at AZN 282.9 mln, up 33.2% or AZN 70.5 mln compared with a year ago.

Bank says, loan portfolio rose by AZN 40.8 mln to AZN 200 mln, deposit portfolio was AZN 103.9 mln, population’s deposit was AZN 81.2 mln, up 70.2% from year ago. Total capital stood at AZN 47.8 mln, authorized capital at AZN 19 mln.

DemirBank has been in operation since 1989. The bank operates 29 branches, 47 ATMs and 259 POS-terminals across the country.
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