Bank Standard completes payment of stock issue

Bank Standard completes payment of stock issue
# 09 October 2008 15:11 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Bank Standard has completed the payment of an issue of book-entry ordinary registered stocks registered by Azerbaijan State Committee for Securities.
The bank said that the face value per stock was AZN 100, the total number was 145 600 and the total amount was AZN 14.56 million.
The successful flotation of stocks boosted the bank’s share capital by 29% to AZN 65 million.
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 65 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.
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THE OPERATION IS BEING PERFORMED