OREANDA-NEWS. April 21, 2010. Following the first quarter of 2010 DemirBank’s assets totaled AZN 281.8 million, which exceeds the 2009 same term indicator by AZN 68.8 million or 32.3%.

The Bank says that its loan portfolio also increased by AZN 24.9 million up to AZN 185.3 million this year.

“Total value of customer deposits by this April was equal to AZN 101.5 million. Population’s deposits reached AZN 77.8 million with rise of 79.2% or AZN 34.4 million for the reported term,” the Bank reported.

As of 1 April 2010, DemirBank’s charter capital made up AZN 19 million, while its total regulatory capital reached AZN 47.6 million.

One of the first banks of Azerbaijan, DemirBank (formerly called Azerdemiryolbank) started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO).