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Azerbaijanâ€™s Bank Standard plans to complete Temonos T24 software installation this year

Azerbaijanâ€™s Bank Standard plans to complete Temonos T24 software installation this year

16 February 2009 16:27 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Temonos T24 (T24) system has been implemented at Bank Standardâ€™s 8 branches and 1 office.
The bank said the installation of this system in all sites is scheduled for completion by the end of this year.
Bank Standard, the largest, non-government backed bank in Azerbaijan, is the first bank in the country to go live with Temonos T24 installed by Temenos Group, the provider of integrated core banking systems.
As at January 1, Bank Standardâ€™s assets at AZN 619.085 million, loan portfolio at AZN 394.421 million, deposit portfolio at AZN 191.812 million, total capital at AZN 77.356 million and authorized share capital at AZN 64.6 million.
Bank Standard, owned by AB Standard, has been in operation since 1995. The bank operates 20 branches including 5 in provinces.

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