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Individualsâ€™ term deposits in DemirBank increased by 19.4%

Individualsâ€™ term deposits in DemirBank increased by 19.4%

23 May 2013 13:06 (UTC +04:00)

Total value of customer deposits as of May 1, 2013 is equal to 178.5 mln AZN. Value of individuals’ term deposits has reached 136 mln AZN, which represents a 19.4% or 22.1 mln AZN increase.

As of May 1, 2013 DemirBank’s shareholders capital amounted 21 mln AZN, while total regulatory capital reached 56.6 mln AZN.

The first commercial bank 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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