Baku. Elnur Huseynguluyev – APA-Economics. DemirBank’s assets as of August 1, 2010 amount 292.2 mln AZN, which exceeds the same indicator of previous year by 68.3 mln AZN or 30.5%. Volume of the loan portfolio also increase this year and reached 208.9 mln AZN.
Total value of customer deposits as of August 1, 2010 is equal to 101.8 mln AZN. Value of population’s deposits has reached 82.2 mln AZN, which represents a 52.9% or 28.4 mln AZN increase.
As of August 1, 2010 DemirBank’s shareholders capital amounted 19 mln AZN, while total regulatory capital reached 48 mln AZN.
One of the first banks of Azerbaijan, DemirBank (formerly called Azerdemiryolbank) started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO).
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