Losses of Demir Bank for Three Quarters Amounted to More Than AZN 20 Million
2017 November 10 ( Friday ) 15:14:24
Baku / 10.11.17 / Turan: Demir Bank"s assets decreased by 100 million 823 thousand manat or 19%, amounting to 429 million 329 thousand manat, for the three quarters of 2017, compared to the same period of the last year,
Over the reporting period, the bank"s liabilities amounted to 403 million 762 thousand manat (a decrease of 78 million 709 thousand manat or 16.3%).
The volume of deposits in the bank amounted to 10 million 767 thousand manat, decreasing by 55 million 228 thousand manat or 32%.
In particular, the demand deposits of individuals in the bank are 10 million 767 thousand manat (the indicator for the same period of 2016 was 13 million 686 thousand manat), and those of legal entities are 8 million 507 thousand manat (11 million 656 thousand manat). The timed deposits of individuals are 97 million 650 thousand manat (146 million 805 thousand manat), and the timed deposits of legal entities are 289 thousand manat (295 thousand manat).
Deposits of banks and other financial institutions in Demir Bank amounted to 4 million 591 thousand manat, compared to 16 million 703 thousand manat for the same period in 2016.
At the same time, Demir Bank reduced its debt to the Central Bank of Azerbaijan from AZN 37 million in the third quarter of 2016 to AZN 17 million in the same period of this year.
The bank"s capital decreased by 22 million 114 thousand manat or 46.4%, amounting to 25 million 566 thousand manat.
For three quarters the loss of Demir Bank amounted to 20 million 392 thousand manat, whereas during the same period of last year the bank showed a profit of 124 thousand manat. -71D-