Individuals’ term deposits in DemirBank increased by 27.3%

 Individuals’ term deposits in DemirBank increased by 27.3%
# 22 February 2013 14:43 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. DemirBank’s assets as of February 1, 2013 amount 367.7 mln AZN, which exceeds the same indicator of previous year by 1.9 mln AZN. Volume of the loan portfolio also increased by 4.5% and reached 277.6 mln AZN.

Total value of customer deposits as of February 1, 2013 is equal to 158.6 mln AZN. Value of individuals’ term deposits has reached 134.3 mln AZN, which represents a 27.3% or 28.8 mln AZN increase.

As of February 1, 2013 DemirBank’s shareholders capital amounted 21 mln AZN, while total regulatory capital reached 56 mln AZN.

One of the first and leading banks of Azerbaijan, DemirBank started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO). DemirBank has “B” rating with “stable” forecast of Fitch Ratings and Planet Rating. These ratings are one of the best in Azerbaijan banking sector.

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