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Term deposits of individuals in DemirBank increased by 64%

Business Materials 24 February 2010 15:16 (UTC +04:00)

Azerbaijan, Baku,  Feb.24/ Trend /

DemirBank's assets as of February 1, 2010 amount 261.6 mln AZN, which exceeds the same indicator of previous year by 44.3 mln AZN or 20.4%. Volume of the loan portfolio also increase this year and reached 187.3 mln AZN.

Total value of customer deposits as of February 1, 2010 is equal to 88.5 mln AZN. Value of population's deposits has reached 72.5 mln AZN, which represents a 64.3% or 28.4 mln AZN increase.

As of February 1, 2010 DemirBank's authorized  capital amounted 18.4 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).

Feb.24, official exchange rate amounts to AZN 0.8034 to %1.

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