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Bank Standard increases consumer lending by 48%

16 May 2011 14:29 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of April 1, 2011, Azerbaijanâ€™s Bank Standardâ€™s assets stood at AZN 601.755 mln, up 3.1% from a year ago.

Bank says loan portfolio decreased by 3.9% to AZN 376.377 mln, consumption loans rose 48% to AZN 75.354 mln, mortgage loans made AZN 21.819 mln.

Deposit portfolio soared 84% to AZN 390.266 mln, as well as term deposits â€“ AZN 304.905 mln, demand deposits â€“ 47.968 mln, populationsâ€™ deposits â€“ 298.985 mln. Total capital of the bank rose 13% to AZN 84.165 mln, authorized capital â€“ 15.4% to AZN 75 mln.

Note that, compared to Q1 of last year, total income decreased by 40% to AZN 11.810 mln, expenditures rose 5.1% to AZN 16.971 mln. Consequently, Q1 loss made AZN 5.161 mln, it made AZN 3.374 mln last year.

Number of clients increased by 31.3% to 119,206, individuals â€“ 31% to 116,498, legal entities â€“ 30% to 2,708.

Remind that, Bank Standard has been in operation since 1995. The bank operates 16 branches, 79 ATMs, 427 POS-terminals and 428 employees across the country.