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Bank Standard posts 30% year-on-year increase in share capital

28 April 2009 15:40 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of April 1, Azerbaijan-based Bank Standard has posted its assets at AZN 539.286 million, down 18.4% from a year ago.

The bank said deposit portfolio fell by 40.4% to AZN 153.501 million, loan portfolio dropped by 9.8% to AZN 383.904 million and consumer lending decreased by 56.7% to AZN 84.790 million.

Total equity capital grew by 3.4% to AZN 79.395 million and authorized capital stock increased by 29.2% to AZN 64.6 million.

As against a year ago, revenue dropped by 12.7% to AZN 21.765 million and expenditures decreased by 0.2% to AZN 16.637 million.

Profit fell by 38% to AZN 5.128 million.

The bank established 2 branches, 9 ATMs and 194 POS terminals across the country.

The number of employees increased by 31% to 442.

Bank Standard, part of AB Standard, has been in operation since 1995.
The bank operates 16 branches, 49 ATMs and 442 POS terminals across the country.