Finance

Home page

Finance

DemirBank gets 28% growth in assets

07 February 2011 08:22 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based DemirBankâ€™s assets stood at AZN 340.381 mln, up 28% from year earlier.

Bank says deposit portfolio extended 53% to AZN 145.828 mln, including populationâ€™s deposit soared 21% to AZN 85.644 mln, loan portfolio increased by 24% to AZN 246.172 mln, as well consumer lending decreased by 1.5% to AZN 60.754 mln, loan given for until 12 months surged 17.3% to AZN 94.932 mln, loans given for over 12 months advanced 28% to AZN 151.240 mln, overdue credits climbed 45% to AZN 13.047 mln.

Total capital gained 4.8% to AZN 48.838 mln, authorized capital grew 11% to AZN 20 mln.

Income boosted 3.9% to AZN 41.248 mln, expenditure heightened 15% to AZN 39.243 mln. Profit dropped 63% to AZN 2.041 mln, net profit slipped 68% to AZN 1.682 mln.

Remind that, DemirBank has been in operation since 1989. The bank operates 30 branches, 50 ATMs and 245 POS-terminals across the country.