Baku, Finance Time. DemirBank’s assets as of July 1, 2012 amount 403.8 mln AZN, which exceeds the same indicator of previous year by 69.5 mln AZN or 20.8%. Volume of the loan portfolio also increased by 14% and reached 278.4 mln AZN.

Total value of customer deposits as of July 1, 2012 is equal to 163.6 mln AZN. Value of individuals’ term deposits has reached 117.2 mln AZN, which represents a 26.1% or 24.2 mln AZN increase.

As of July 1, 2012 DemirBank’s shareholders capital amounted 21 mln AZN, while total regulatory capital reached 51.5 mln AZN.

One of the first and leading 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). DemirBank has “B” rating with “stable” forecast of Fitch Ratings and “B” rating with “stable” forecast of Planet Rating. These ratings are one of the best in Azerbaijan banking sector.