Bank Of Baku

DemirBank gets 20% rise in deposits

DemirBank gets 20% rise in deposits
# 17 February 2012 14:24 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2012, Azerbaijan-based DemirBank’s assets stood at AZN 265.503 mln, up 7.9% from year earlier.

Bank says the short-term loans (with the term of up to 12 months) rose 6.3% to AZN 100.910 mln, long-term loans (for over 12 months) soared 0.5% to AZN 151.935 mln, consumer lending surged 17% to AZN 71.129 mln, overdue credits dropped 3% to AZN 12.657 mln.

The portfolio of the loan given through AMF grew 39% to AZN 23.276 mln, loan goven through bank’s own program slipped 11.2% to AZN 2.854 mln.

Deposit portfolio soared 1.8% to AZN 148.510 mln, as well trem deposits grew 17.5% to AZN 104.473 mln, demand deposits slid 23% to AZN 44.037 mln, and population’s deposits raised 19% to AZN 112.714 mln.

Remind that, DemirBank has been in operation since 1989. The bank operates 30 branches, 55 ATMs and 333 POS-terminals.
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