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Bank Standard to open 5 branches this year

Bank Standard to open 5 branches this year

12 February 2009 15:41 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Bank Standard plans to open two branches in Khirdalan and Baku in March-April.
The bank said paperwork will soon be submitted to the National Bank of Azerbaijan for permission.
Besides, the bank intends to launch branches in Mingechevir, Gandja and Zagatala this year.
At present Bank Standard operates 16 branches across the country.
Bank Standard, owned by AB Standard, has been in operation since 1995.
As of January 1, assets stood at AZN 619.085 million, loan portfolio at AZN 394.421 million, deposit portfolio at AZN 191.812 million, total equity capital at AZN 77.354 million and authorized capital at AZN 64.6 million.

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