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Bank Standard doubles deposit portfolio last year

02 February 2011 11:30 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based Bank Standardâ€™s assets stood at AZN 601.755 mln, up 15.4% compared to end of 2009.

Bank says the loan portfolio rose 1.1% to AZN 374.700 mln, including consumer lending soared 42% to AZN 75.364 mln. Deposit portfolio soared 2.2 times to AZN 362.054 mln, as well term deposit made AZN 275.431 mln, demand deposit stood at AZN 48.170 mln.

Total capital decreased by 1.6% to AZN 72.307 mln, including authorized capital climbed 16.2% to AZN 75 mln.

Income slid 8.7% to AZN 68.110 mln, including interest income made AZN 52.334 mln, non-interest income stood at AZN 15.777 mln, expenditure surged 12.3% to AZN 67.507 mln. Profit slipped 18.5 times to AZN 0.604 mln.

Remind that, Bank Standard has been in operation since 1995. The bank operates 16 branches, 67 ATMs and 420 POS-terminals across the country.