Bank Of Baku

Bank Standard sees 80% rise in term deposit portfolio

Bank Standard sees 80% rise in term deposit portfolio
# 25 October 2010 09:54 (UTC +04:00)
Baku. Elnur Huseyunguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Bank Standard’s assets stood at AZN 589.40 mln, up 14% compared with a year ago.

Bank says the term deposit portfolio rose 80% to AZN 227.3 mln, loans for customers increased by 9% to AZN 369.2 mln.

Population’s means soared 5% to AZN 43.5 mln, authorized capital surged 61.2% to AZN 75 mln.

Mortgage loan reached AZN 20.3 mln, up 20.1% compared with a year ago. Loan portfolio on the cars exceeded AZN 20 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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