Bank Of Baku

Bank Standard gets 47% rise in deposit portfolio

Bank Standard gets 47% rise in deposit portfolio
# 21 July 2010 15:01 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Azerbaijan-based Bank Standard’s assets stood at AZN 571.948 mln, up 10.1% compared with a year ago.

Bank says the loan portfolio grew 4.4% to AZN 374.121 mln, consumer lending 31.3% declined to AZN 44.044 mln, deposit portfolio rose by 47.3% to AZN 234.182 mln.

Total capital fell 9% to AZN 73.569 mln, authorized capital soared 16.2% to AZN 75 mln.

Revenue 8.9% decreased to AZN 36.168 mln, spending ended up 3% to AZN 33.106 mln. Profit dropped 60% to AZN 3.062 mln.

Bank Standard has been in operation since 1995. The bank operates 17 branches, 67 ATMs and 428 POS-terminals across the country.
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