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Bank Standard gets 45% rise in consumer lending year-on-year

15 August 2012 11:03 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2012, Azerbaijan-based Bank Standardâ€™s assets stood at AZN 755.392 mln, up 24% from year earlier.

Bank says loan portfolio rose 32% to AZN 515.994 mln, as well consumer lending soared 45% to AZN 105.980 mln, mortgage loans grew 17% to AZN 27.563 mln.

Deposit portfolio surged 28% to AZN 483.309 mln, including term deposits rose 14% to AZN 385.567 mln, demand deposits increased by 2.4 times to AZN 97.742 mln, populationâ€™s deposits went up 26% to AZN 405.820 mln.

Total incomes rose 24% to AZN 33.036 mln, as well interest incomes advanced 10.3% to AZN 28.376 mln, non-interest incomes dropped 11.5% to AZN 4.660 mln.

Total clients rose 26% to 154,326, as well individuals soared 26% to 151,212, legal entities â€“ 12% to 3,114.

Remind that, Bank Standard has been in operation since 1995. the bank operates 15 branches, 141 ATMs and 1,997 POS-terminals across the country.