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Demir Bank gets 26% rise in populationâ€™s deposits

Demir Bank gets 26% rise in populationâ€™s deposits

18 July 2012 09:41 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2012, Azerbaijan-based Demir Bankâ€™s assets stood at AZN 403.8 mln, up AZN 69.5 mln or 20.8% from year earlier.

Bank says the loans given to clients rose AZN 34 mln or 14% to AZN 278.4 mln.

Client deposits made AZN 163.6 mln, as well populationâ€™s deposits â€“ AZN 117.2 mln, up 26.1% or AZN 24.2 mln.

Total capital was AZN 51.5 mln, including authorized capital â€“ AZN 21 mln.

Demir Bank has been in operation since 1989.

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