Finance

Finance

Demirbank gets 6% rise in assets

22 January 2014 13:42 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2014, Demirbank’s assets stood at AZN 405.194 mln, up 5.7% fro previous year.

Bank says loan portfolio rose 10.2% to AZN 309.906 mln, as well as consumer lending made AZN 163.360 mln, up 70.4% from 2013. At the same time, overdue credits dropped 4.7% to AZN 12.204 mln and share of overdue credits slipped 0.7 percentage point to 3.9%.

Deposit portfolio grew 14% to AZN 190.987 mln, as well as personal savings were equal to AZN 174.194 mln, up 19.7% by contrast to a year earlier.

Total capital soared 6.3% to AZN 59.367 mln, including authorized capital remained unchanged at AZN 21.0 mln.

Number of clients surged 36.9% to 50,836, as well as individuals advanced 38.6% to 49,870, juridical persons slid 7.4% to 966. Number of plastic cards increased by 29.7% to 30,110. Debit cards rose 20.7% to 22,665, credit cards climbed 70.5% to 7,455.

Currently, the bank operates 32 branches, 1,250 POS-terminals and 59 ATMs across the country.