Demir Bank Completed 2016 with Loss of 1 Million 735 Thousand Manat

Assets of Demir Bank in 2016 compared to 2015 decreased by 50 million 109 thousand manat or 8.5%, amounting to 538 million 829 thousand manat, of which 326 million 80 thousand manat is in foreign currency.

During the reporting period, the bank's liabilities decreased by 48 million 963 thousand manat or 9% to 491 million 948 thousand manat. At the same time 321 million 398 thousand manat was the bank’s liabilities in foreign currency.

In the structure of liabilities deposits are 170 million 73 thousand manat, of which 133 million 476 thousand manat is in foreign currency.

Call deposits of individuals are 16 million 819 thousand manat and those of legal entities are 8 million 839 thousand manat.

Timed deposits of individuals in the bank are 144 million 118 thousand manat and those of legal entities are 296 thousand manat.

Demir Bank’s debt to the Central Bank is 37 million manat by the end of 2016.

The bank's capital for the specified time reduced by 1 million 735 thousand manat or 2.4%, amounting to 46 million 880 thousand manat.

The bank completed the year 2016 with a loss of 1 million 735 thousand manat.

Note that Demir Bank has been operating since 1992 and the bank's authorized capital is 21 million manat.   ----71D