Demirbank ends 2016 on loss

Demirbank ends 2016 on loss
  • Clock-gray 11:21
  • calendar-gray 20 February 2017

In the fourth quarter of 2016, Demirbank’s assets stood at AZN 538.829 million, down 8.5% from previous year.

 

Bank says the loan portfolio dropped 12.2% to AZN 376.069 million, deposit portfolio slid 19.7% to AZN 170.073 million, personal savings slipped 16.7% to AZN 160.937 million and the liabilities stood at AZN 491.949 million.

 

The authorized capital remained unchanged at AZN 20,982,000.

 

Revenues made up AZN 107.897 million, expenditures – AZN 64.556 million.

 

Bank ended 2016 on loss in the amount of AZN 1,735,484.92.

 

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