DemirBank's assets on August 1, 2013 amounted to 375.1 million manat. The volume of the loan portfolio at that date reached 290.6 million manat.
Total value of customer deposits in DemirBank on August 1, 2013 amounted to 173.3 million manat. Population's deposits amounted to 140.8 million manat, thus, the increase in this indicator over the period was 17.1% or 20.6 million manat.
On August 1, 2013 DemirBank total capital reached 56.3 million manat.
DemirBank, which is the first commercial bank in the country, began operations in 1989. Among its shareholders are major international financial institutions such as the European Bank for Reconstruction and Development and the Netherlands Development Finance Company (FMO). DemirBank has ratings from Fitch Ratings and Planet Rating at 'B' with outlook "stable." These ratings are among the highest in the banking sector of Azerbaijan. -15D -
Economics
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Next year’s budget could see an increase in revenues and a decrease in expenditures. The Ministry of Finance has already published the draft state budget for 2025, forecasting revenues at 36.616 billion manat. This figure is 228 million manat or 0.6% higher than the approved figure for 2024.
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BAKU, Sept. 19 (Reuters) – A conference on "Cybersecurity for the Green Economy" commenced in Baku, bringing together representatives from public and private sectors to address the growing global importance of cybersecurity. Hosted by Prosol and supported by Azerbaijan's State Service for Special Communications and Information Security (HRITDX), the event included the “Capture the Flag” cybersecurity competition, where 20 teams from state and private institutions competed.
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The 12th International Caspian Energy Forum commenced today in Baku, organized by the Caspian Energy Club in collaboration with Enermus, bringing together over 500 delegates from across the Caspian-Black Sea and Baltic regions.
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The World Bank has recommended that Azerbaijan cut subsidies in its water sector to enhance system sustainability and address the escalating issue of water scarcity, Stephanie Stollmeister, Manager of the World Bank Representative Office in Azerbaijan, reported.
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