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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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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