Bank Of Baku

DemirBank sees 28% growth in assets

DemirBank sees 28% growth in assets
# 26 January 2011 14:15 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2011, Azerbaijan-based DemirBank’s assets stood at AZN 340.524 mln, up 28% from year ago.

Bank says authorized capital made ANZ 20 mln, total capital – AZN 48.8 mln.

The financing within mortgage lending rose 23.7% to AZN 246.2 mln. At the same time, population’s term deposit advanced 21% to AZN 85.6 mln.

Monthly emission of Visa Classic and MasterCard Standard plastic cards increased by 2.5-3 times, during the same period.

Note that, DemirBank has borrowed $ 33.6 mln loan.

DemirBank has been in operation since 1989.
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