Baku. Vahab Rzayev – APA-Economics. DemirBank’s assets as of September 1, 2011 amount 330.6 mln AZN, which exceeds the same indicator of previous year by 45.9 mln AZN or 16.1%. Volume of the loan portfolio also increased by 18.1% and reached 246.8 mln AZN.
Total value of customer deposits as of September 1, 2011 is equal to 126 mln AZN. Value of individuals’ term deposits has reached 96.3 mln AZN, which represents a 17% or 14 mln AZN increase.
As of September 1, 2011 DemirBank’s shareholders capital amounted 20 mln AZN, while total regulatory capital reached 48.5 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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