Bank Of Baku

Bank Standard gets 18% rise in assets

Bank Standard gets 18% rise in assets
# 04 November 2014 11:10 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. In the third quarter of 2014, Bank Standard’s assets stood at AZN 136.282 mln, up 18.27% from previous year.

 

Bank says the loan portfolio rose 12.14% to AZN 820.816 mln, consumption loans raised 0.16% to AZN 111.507 mln, mortgage lending increased 12.64% to AZN 50.335 mln (AZN 40.361 mln given through AMF), deposit portfolio grew 29.89% to AZN 772.946 mln, and personal savings climbed 19.95% to AZN 606.983 mln.

 

Authorized capital remained unchanged at AZN 75 mln.

 

Incomes soared 13.13% to AZN 71.875 mln, expenditures surged 6.19% to AZN 74.735 mln.

 

The bank operates 13 branches, 148 ATMs and 1,590 POS-terminals across the country.

 

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