Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Bank Standard has raised its share capital to AZN 65 million, up 29% as against January 1.
The bank said it is the third in Azerbaijan in terms of its share capital.
Bank Standard’s authorized capital was last increased by 3-fold in July, 2007 under the subordinated loan agreement between the bank’s shareholder AB Standard and Credit Suisse.
In terms of the share capital, International Bank of Azerbaijan (AZN 200 million) is the first in the country, followed by Pasha Bank (AZN 100 million) and Bank Standard (AZN 5 million).
Bank Standard, owned by AB Standard, has been in operation since 1995. As of July 1, assets stood at AZN 712.329 million, loan portfolio at AZN 439.115 million, deposit portfolio at AZN 250.866 million and total at AZN 82.609 million. The bank has 15 branches.
Bank Standard is among Azerbaijan’s top three for share capital
25 September 2008 15:42 (UTC +04:00)
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