Bank Of Baku

Demirbank increases volume of deposits by 25% year-on-year

Demirbank increases volume of deposits by 25% year-on-year
# 18 April 2012 07:49 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2012, loan portfolio of Demirbank stood at AZN 265.503 mln, up 12% compared to last year.

During the reporting period, short-term loans decreased by 2% to AZN 7.079mln, long-term loans rose 18.8% to AZN 188.479 mln, consumer loans increased by 19% to AZN 75.845 mln, overdue credits declined 7.7% to AZN 12.490 mln, loans given via AMF soared 24% to AZN 24.088 mln, loans given via the bank’s own program rose 2.6 times to AZN 2.969 mln.

Deposit portfolio dropped 4.3% to AZN 133.236 mln, term deposits soared 6.2% to AZN 111.151 mln, demand deposits decreased by 36% to AZN 22.085 mln, population deposits went up 25% to AZN 122.077 mln.

Remind that, Demirbank started to operate in 1989 as Azerdemiryolbank. As of April 1, 2012, it has 30 branches, 55 ATMs, 1,454 POS-terminals and 780 employees across the country.
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