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Azerbaijanâ€™s Bank Standard gets Temonos T24 software installed in 7 branches

Azerbaijanâ€™s Bank Standard gets Temonos T24 software installed in 7 branches

28 November 2008 15:30 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Temonos T24 (T24) system has been implemented at Bank Standardâ€™s seven branches.
The bank said 35% of its service sites have this system installed.
The bankâ€™s IT officer Ferid Zeynalov said at least one regional branch will be provided with T24 by the end of this year.
Bank Standard, the largest, non-government backed bank in Azerbaijan, is is the first bank in the country to go live with Temonos T24 installed by Temenos Group, the provider of integrated core banking systems.
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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