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Azerdemiryolbank gets 44% year-on-year growth in assets

Azerdemiryolbank gets 44% year-on-year growth in assets

13 February 2009 15:48 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of February 1, Azerdemiryolbankâ€™s assets stood at AZN 213.53 million, up 44% on a year earlier.
The bank said loan portfolio rose 54% to AZN 167.6 million, customer deposits stood at AZN 52.72 million, term deposits at AZN 44.22 million, total equity capital at AZN 37.89 million and authorized capital at AZN 13.4 million.
Azerdemiryolbank has been in operation since 1989. The European Bank for Reconstruction and Development (EBRD) holds a 25%+1 stake in the bank, leaving 10% to the Netherlands Development Finance Company (FMO), 10% to legal entities and the rest to about 850 individuals. The bank operates 27 branches.

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