Assets of DemirBank on September 1, 2012 amounted to 375.4 million manat, which exceeds the corresponding date last year by 44.8 million manat or 13.6%. The loan portfolio of the bank amounted to 283.6 million manat, increasing by 36.8 million manat or 14.9%.
As reported in the bank, the total amount of customer deposits in DemirBank on September 1, 2012 amounted to 148.7 million manat. Population's deposits amounted to 124.3 million manat, so growth in this indicator over the period was 29.1%, or 28 million manat.
On September 1, 2012 DemirBank's authorized capital was 21 million manat, while the total capital reached 56.8 million manat.
One of the first and leading banks DemirBank began operating 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 a "stable" forecast. These ratings are among the highest in the banking sector of Azerbaijan. - 15D -
Economics
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