DemirBank: "24 success

BAKU/08.10.13/TURAN 6 October marked the 24th anniversary of DemirBank, which is the first commercial bank in Azerbaijan. DemirBank, founded in 1989 and has previously operated under the name Azerdemiryolbank, today is one of the leading banks in the country.

DemirBank from the first day of its operation has become an innovator in the different areas of the financial sector of the country. In 1992, he became the first bank to convert to Open Joint Stock Company. In 1998 he began working with the international financial institutions. In 2004 DemirBank became the first private bank in the country to receive an international rating.

The shareholders of DemirBank acting since 2005 are the European Bank for Reconstruction and Development (EBRD), with a stake of "25% plus 1 share and the Netherlands Development Finance Company (FMO) with a stake of 10%. The bank's main shareholders are individuals and businesses of Azerbaijan. Altogether DemirBank has more than 800 shareholders - the highest rate among private banks.

The entry of internationally recognized financial institutions in the shareholders DemirBank was of great importance, since once again highlighted the Bank's credibility on the international level and creating new opportunities for its further development.

In recent years, DemirBank with the support of international shareholders (EBRD and FMO) is implementing a number of strategic projects. The Bank has made significant work in the areas of institutional development , corporate governance , risk management , internal audit , marketing activities , customer service , credit and other operations , branch network , information technology , human resources and other areas.

DemirBank is the first bank in the South Caucasus to implement a program SAP, including module Customer Relationship Management. Full implementation of the software will allow the Bank to raise to a higher level, will create an opportunity to improve the quality of work and customer service.

DemirBank successfully cooperates with international organizations on crediting and trade financing, as well as with the National Entrepreneurship Support Fund and Azerbaijan Mortgage Fund under state programs. DemirBank is a member of the Azerbaijan Deposit Insurance Fund, which provides deposit insurance coverage under the terms of the law "On Insurance" .

With the successful development of the economy of Azerbaijan, DemirBank has expanded its activities and now provides customers with a wide range of banking services. Among the banks DemirBank has one of the most extensive branch networks. Currently, the bank operates 32 branches , 13 of them are located in Baku, and 19 - in the regions of the country. The number of employees of DemirBank are more than 900 people. In recent years, a number of branches of the Bank applied the new standards of corporate interior design , and the process continues

DemirBank has a "B" rating from "stable" forecast from Fitch Ratings and Planet Rating. These ratings are among the best in the country's banking sector , and the outlook for the ratings are a testament to the Bank's development .

DemirBank's assets now account for 378 million manat , the loan portfolio of the Bank of 295 million manat , total customer deposits of 174 million manat , the amount of deposits of 143 million manat , and the total capital of 58 million manat .

In the following year there will be the 25th anniversary of operation of DemirBank. According to its strategic objectives, it plans to continue the important work on the further development. This work will facilitate the introduction of new services and improve customer service. Thus, among the works aimed at improving customer service can be noted the introduction of new services, online banking, expansion of the branch network and others.

DemirBank wishes further success all its customers, partners, shareholders and employees and is grateful to them for the cooperation. -15D -