OREANDA-NEWS. June 22, 2009. The assets of Azerdemiryolbank JSC continued to grow in May 2009 and totaled AZN 208.48 million on June 1. The index grew by 17.7% in the last 12 months. The customer crediting made up over 76% of the assets (+AZN 11.84 million = AZN 159.24 million in the last 12 months), reported the press-centre of Azerdemiryolbank.

The liabilities totaled AZN 169.64 million. The customers’ funds in the bank reached AZN 59.15 million. This included AZN 47.78 million of timed deposits (+14% against early 2009). The liabilities before the financial sector made up AZN 97.75 million.

The general capital grew to AZN 38.84 million, while the paid-up authorized capital made up AZN 13.4 million.

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 32 branches and sub-branches.