Bank Of Baku

DemirBank sees 18% rise in loan portfolio

DemirBank sees 18% rise in loan portfolio
# 21 September 2010 12:27 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of September 1, 2010, Azerbaijan-based DemiBank’s assets stood at AZN 284.7 mln, up AZN 44.1 mln or 18.3% compared with a year ago.

Bank says the loan portfolio rose AZN 32 mln or 18% to AZN 209 mln, deposit portfolio made AZN 97.1 mln, population’s deposit gained AZN 25.8 mln or 45.6% to AZN 82.3 mln.

Total capital stood at AZN 48 mln, authorized capital at AZN 19 mln.

DemirBank has been in operation since 1989.
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