Baku, Finance Time. DemirBank’s total assets as of February 1, 2014 amount equals 412.3 mln AZN. Volume of the loan portfolio also increased by 12.1% and reached 311.1 mln AZN.

Total value of customer deposits as of February 1, 2014 is equal to 195.1 mln AZN. Value of individuals’ term deposits has reached 161 mln AZN, which represents a 20% or 26.8 mln AZN increase.

As of February 1, 2014 DemirBank’s total regulatory capital reached 61.1 mln AZN, so this indicator covers AZN 50 million of the total capital amount demanded by the Central Bank of Azerbaijan Republic as of January 1, 2015.

The first commercial bank of Azerbaijan, DemirBank started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO). DemirBank has “B” rating with “stable” forecast of Fitch Ratings and “B” rating with “positive” forecast Planet Rating. These ratings are one of the best in Azerbaijan banking sector.