OREANDA-NEWS. July 29, 2009. As of 1st July 2009 Azerdemiryolbank’s assets totaled AZN 215.4 million that exceeds the 2008 same term figure by AZN 11.9 million or 5.9%.

The Bank says that for a year credit portfolio increased by 6.8% or AZN 10.4 million up to AZN 163.5 million.

“As of 1st July of the year Azerdemiryolbank’s overall capital reached AZN 39.7 million and charter capital AZN 13.4 million,” the Bank reports.

Being one of the first commercial banks of Azerbaijan, Azerdemiryolbank was set up in 1989. Its shareholders include the European Bank for Reconstruction and Development and the Dutch Financial Company of Development (FMO). The Bank has 32 branches and sub-branches in Baku and regions.