Azerbaijani DemirBank's transactions may be delayed till April 1, a statement posted on the bank's website said March 28.

The statement said that possible delays are connected with the bank's transition to a new, modern banking system to increase the level of services being rendered by the bank.

Demirbank is the first commercial bank of Azerbaijan. The bank began its activity in 1989. Major international financial institutions, including the European Bank for Reconstruction and Development and Netherlands Development Finance Company (FMO) are among the bank's shareholders.

The volume of DemirBank's assets hit 441 million manats in the end of the third quarter of 2015. The bank's credit portfolio amounted to 333 million manats during the reporting period, while the total capital - 62.19 million manats.

Source: Trend