OREANDA-NEWS. December 15, 2008. Azerdemiryol Bank JSC continued its dynamic activities in November 2008, reported the press-centre of Azerdemiryol Bank.

The bank’s assets grew by AZN 54.95 million (37.3%) to AZN 202.39 million in I-XI, 2008. The loan portfolio grew by AZN 63.29 million (60.3%) to AZN 168.28 million. The fixed assets totaled AZN 11.48 million by December 1.

The liabilities grew by AZN 48.09 million (40.7%) and exceeded AZN 166.38 million. The liabilities to the financial sector made up AZN 103.99 million (62.5%), especially before international financial institutions. This index grew by AZN 53.92 million (107.7%) in I-XI, 2008.

The customer deposits totaled AZN 53.83 million (+AZN 2.26 million or 4.4% in November). The timed deposits totaled AZN 41.74 million. The bank’s balance capital grew by AZN 6.87 million (23.6%) to AZN 36.02 million in I-XI, 2008. The aggregate capital made up AZN 36.16 million, and the paid-up authorized capital was AZN 13.4 million (+AZN 3 million against the early year).

Being one of the first commercial banks of Azerbaijan, Azerdemiryol Bank was set up in 1989. Its shareholders include the European Bank for Reconstruction and Development and FMO. The bank has 30 branches and sub-branches.