Volume of Loan Portfolio in DemirBank Reached AZN208 mln
OREANDA-NEWS. July 20, 2010. DemirBank’s assets as of July 1, 2010 amount 295.4 mln AZN, which exceeds the same indicator of previous year by 80 mln AZN or 37.2%. Volume of the loan portfolio also increase this year and reached 208.6 mln AZN, reported the press-centre of DemirBank.
Total value of customer deposits as of July 1, 2010 is equal to 110.4 mln AZN. Value of population’s deposits has reached 81.7 mln AZN, which represents a 60.3% or 30.7 mln AZN increase.
As of July 1, 2010 DemirBank’s shareholders capital amounted 19 mln AZN, while total regulatory capital reached 47.9 mln AZN.
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).