Moody’s affirms Bank Standard’s rating

Moody’s affirms Bank Standard’s rating
# 26 November 2008 09:02 (UTC +04:00)
Baku. Elnur Huseynquluyev – APA-Economics. Moody’s Investors Service has affirmed an E+ bank financial strength rating and B1/Not Prime long-term and short-term local and foreign currency deposit ratings to Bank Standard.
All ratings carry a stable outlook.
The bank said its B1 rating first assigned by Moody’s in August 2007 remains as the highest rating for banks in the country.
Bank Standard, owned by AB Standard, has been in operation since 1995. As of October 1, assets stood at AZN 660.816 million, loan portfolio at AZN 441.570 million, deposit portfolio at AZN 173.036 million and total capital at AZN 85.914 million and authorized capital at AZN 50 million.
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