OREANDA-NEWS. April 21, 2009. Azerdemiryolbank JSC reported about the results of its activities in Q1, 2009. They proved the bank’s financial stability.

The bank’s assets totaled AZN 209.32 million by April 1 (+25% against April 1, 2008). The loan portfolio grew to AZN 160.35 million, including leasing operations of AZN 3.5 million. The fixed assets totaled AZN 13.6 million.

The bank’s liabilities totaled AZN 169.7 million. Most of them (over AZN 101.4 million or 59.8%) regarded the financial sector, including 15 international financial institutions that trusted their funds to Azerdemiryolbank. The deposits of individuals and companies totaled AZN 54.85 million. The timed deposits totaled AZN 43.5 million.

The bank’s capital was AZN 39.62 million (+28% against the index for Q1, 2008).
Being one of the first commercial banks of Azerbaijan, Azerdemiryol Bank was set up in 1989. Its shareholders include the European Bank for Reconstruction and Development and FMO. The bank has 31 branches and sub-branches.