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Bank Standard boosted authorized capital by 30%

Bank Standard boosted authorized capital by 30%

10 February 2009 10:24 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at January 1, Azerbaijan-based Bank Standard posted its assets at AZN 619.085 million, up 1.7% on a year ago.
The bank said loan poerfelio dropped by 3% to AZN 394.421 million, deposit portfolio fell by 25.7% to AZN 191.812 million, total capital grew by 6.3% to AZN 77.356 million and authorized share capital increased by 29% to AZN 64.6 million.
Revenue for 2008 increased by 51.7%, year-on-year, to AZN 98.481 million and expenditure went up by 42% to AZN 67.448 million. Profit increased by 78% to AZN 31.033 million.
The bank established 5 branches, 11 ATMs and 215 POS terminals across the year.
The number of staff reached 429.
Bank Standard, owned by AB Standard, has been in operation since 1995. The bank operates 16 branches, 46 ATMs and 429 POS terminals across the country.

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