Bank Of Baku

DemirBank’s total capital exceeds CB’s demand

DemirBank’s total capital exceeds CB’s demand
# 20 April 2015 07:42 (UTC +04:00)

Baku. Yegane Lachinzade  - APA-Economics. As of April 1, 2015, DemirBank’s assets stood at AZN 478.5 mln.

 

Bank says the total capital made AZN 58.8 mln, which exceeds Central Bank’s demand for capital by AZN 8.8 mln.

 

DemirBank is the first private bank which obtained international rating by starting cooperation with Fitch International Rating Agency in 2004. At the same time, the bank has obtained rating as “B” with stable outlook in the latest evaluation by Fitch.

 

DemirBank has been in operation since 1989. The shareholders are EBRD and The Netherlands Development Finance Company (FMO). 

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