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Bank Standard increases consumer lending by 32% year-on-year

02 November 2011 11:52 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of October 1, 2011, Azerbaijan-based Bank Standardâ€™s assets made AZN 691.989 mln, up 17.4% compared to last year.

During reporting period, loan portfolio rose 5.4% to AZN 389.198 mln, consumer loans increased by 32% to AZN 88.532 mln.

Deposit portfolio rose 30% to AZN 453.001 mln, term deposits increased by 62% to AZN 367.597 mln, demand deposits â€“ 96% to AZN 85.405 mln, population deposits â€“ 72% to AZN 359.438 mln.

Authorized capital made AZN 75 mln.

Note that, total incomes of the bank rose 4.6% to AZN 49.104 mln, interest incomes increased by 10% to AZN 38.009 mln, non-interest incomes dropped 11% to AZN 11.095 mln.

Number of total customers rose 6.2% to 119,206, individuals increased by 6.3% to 116,498, legal entities â€“ 5.4% to 2,708. Number of active plastic cards increased by 5.3% to 28,200, debit cards â€“ 1.2% to 19,875, credit cards â€“ 17% to 8,325.

Remind that, Bank Standards has been in operation since 1995. It operates 15 branches, 79 ATMs and 427 POS-terminals across the country.