Baku, Finance Time. DemirBank’s assets as of May 1, 2012 amount 352.1 mln AZN, which exceeds the same indicator of previous year by 27.7 mln AZN or 8.5%. Volume of the loan portfolio also increased by 18% and reached 275.4 mln AZN.

Total value of customer deposits as of May 1, 2012 is equal to 130.8 mln AZN. Value of individuals’ term deposits has reached 114.6 mln AZN, which represents a 22.1% or 20.7 mln AZN increase.

As of May 1, 2012 DemirBank’s shareholders capital amounted 21 mln AZN, while total regulatory capital reached 50.1 mln AZN.

One of the first banks of Azerbaijan, DemirBank 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).