DəmirBank

Being one of the leading banks of Azerbaijan, DemirBank places high emphasis on international cooperation. In 20 years of operation DemirBank established international relations in the following directions:

Important role in expansion of international relations plays the rating of DemirBank. Since 2004 DemirBank (Azerdemiryolbank) has been cooperating with international rating agency Fitch and became the first private bank of the country that received international rating.

DemirBank has “B-” rating with “stable” forecast of Fitch Rating and “B+” rating with “positive” forecast of Planet Ratings. These ratings are one of the best in Azerbaijan banking sector and their forecasts are indicators of the bank’s successful development.

European Bank for Reconstruction and Development and Netherlands Development Finance Company (FMO) under agreements signed on November 23, 2005 and November 30, 2007 respectively became the shareholders of DemirBank with total stock of “35% + 1 share”.

European Bank for Reconstruction and Development and Netherlands Development Finance Company (FMO) with “25% + 1 share” and 10% share respectively actively participate in strategic decision making of the bank. EBRD and FMO are also represented in the Board of Directors/Supervisory Board of DemirBank.

The presence of international shareholders underlined the reliability of DemirBank and opened new perspectives for its future development.

DemirBank actively cooperates with international financial institutions on crediting and trade financing programs.

In total under different programs DemirBank has received credit lines for more than 120 mln USD.  The following financial institutions are among the main partners of the bank:

DemirBank continually expands its cooperation with international financial institutions for the attraction on credit lines that enables the bank to satisfy the client needs for credit and trade finance.

DemirBank has established broad correspondent relations with leading banks of the world, in particular European, American and CIS banks.

The bank is cooperating with such large banks as American Express Bank, Deutsche Bank Trust Company Americas, Commerzbank AG, Dresdner Bank AG, National Westminster Bank Plc, Midland Bank Plc, Austria Bank, Raiffeisen Zentralbank Oesterreich, Fortis Bank N.V., Den Danske Bank, Banque de Commerce et de Placements and others.

For more detailed information see “Correspondent Banks”.

DemirBank is the member of international payment systems MasterCard International and VISA International, as well as interbank payment system S.W.I.F.T.

DemirBank is also connected to Western Union, Coinstar, Bistraya Pochta and Zolotaya Korona international money transfer systems that allow 5-7 minutes express money transfers on favorable rates all around the world.

Being one of the leading banks in the country DemirBank is also one of the most active banks for cooperation with international financial institutions.