OREANDA-NEWS. June 18, 2010. DemirBank has summed up its activity results for Jan-May of 2010.

According to the Bank, as of 1 June 2010 its assets amounted to AZN 282.9 million that exceeds the same indicator of the previous year by AZN 70.5 million (by 33.2%).

“Our loan portfolio increased this year by AZN 40.8 million up to AZN 200 million,” DemirBank reported.

Overall amount of the customer deposits by this June totaled AZN 103.9 million.

“Population’s deposits in our Bank reached AZN 81.2 million with rise of 70.2% or AZN 33.5 million,” DemirBank informed.

As of 1 June 2010, Bank’s charter capital was AZN 19 million, while overall regulatory capital AZN 47.8 million.

One of the first banks of Azerbaijan, DemirBank (formerly called Azerdemiryolbank) started its operations in October 1989.