Loan portfolio of DemirBank increases by 7.8%

Loan portfolio of DemirBank increases by 7.8%
# 20 February 2012 09:56 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. DemirBank’s assets as of February 1, 2012 amount 365.8 mln AZN. Volume of the loan portfolio also increased by 7.8% and reached 265.7 mln AZN.

Total value of customer deposits as of February 1, 2012 is equal to 143.7 mln AZN. Value of individuals’ term deposits has reached 107.4 mln AZN, which represents a 18.1% or 16.5 mln AZN increase.

As of February 1, 2012 DemirBank’s shareholders capital amounted 21 mln AZN, while total regulatory capital reached 50.5 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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