Bank Of Baku

Demirbank gets 8% rise in assets

Demirbank gets 8% rise in assets
# 02 September 2014 10:57 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. During the second quarter of 2014, Demirbank’s assets stood at AZN 412.884 mln, up 7.8% from previous year.

 

Bank says the loan portfolio rose 13.1% to AZN 319.483 mln, as well as consumer lending raised 33.5% to AZN 172.894 mln.

 

Mortgage lending soared 33.7% to AZN 49.030 mln (AZN 34.961 mln given through AMF). At the same time, overdue credits dropped 33% to AZN 15.134 mln.

 

Bank’s deposit portfolio surged 11% to AZN 194.065 mln, personal savings were equal to AZN 165.496 mln, up 8.84% by contrast to a year earlier.

 

Total capital surged 9.7% to AZN 62.800 mln, while the authorized capital remained unchanged at AZN 21 mln.

 

Incomes increased 54.1% to AZN 44.593 mln, expenditures – 54% to AZN 41.324 mln.

 

Profit made AZN 3,269,020.

 

Fore the present, the bank operates 33 branches, 58 ATMs and 1,103 POS-terminals across the country. 

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