OREANDA-NEWS. October 28, 2011. DemirBank’s assets as of October 1, 2011 amount 347 mln AZN, which exceeds the same indicator of previous year by 47.4 mln AZN or 15.8%. Volume of the loan portfolio also increased by 13.8% and reached 250.1 mln AZN, reported the press-centre of DemirBank.

Total value of customer deposits as of October 1, 2011 is equal to 141.3 mln AZN. Value of individuals’ term deposits has reached 94.7 mln AZN, which represents a 17.7% or 14.2 mln AZN increase.

As of October 1, 2011 DemirBank’s shareholders capital amounted 20 mln AZN, while total regulatory capital reached 49.2 mln AZN.

One of the first banks of Azerbaijan, DemirBank (formerly called Azerdemiryolbank) started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO).