Bank Of Baku

Bank Standard gets 23% rise in assets

Bank Standard gets 23% rise in assets
# 21 July 2014 14:50 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. During the second quarter of 2014, Bank Standard’s stood at AZN 112.942 mln, up 23.33% compared to a year earlier.

 

Bank says the loan portfolio rose 16.87% to AZN 780.683 ml, consumer lending soared 3.3% to AZN 110.844 mln, mortgage lending surged 18.18% to AZN 49.575 mln and AZN 39.364 mln (79.40%) were given through AMF.

 

Deposit portfolio grew 21.8% to AZN 738.800 mln, personal savings climbed 14.61% to AZN 596.655 mln.

 

Authorized capital remained unchanged at AZN 75 mln.

 

Incomes increased by 8.65% to AZN 46.863 mln, expenditures – by 4.99% to AZN 47.605 mln.

 

The bank operates 13 branches, 146 ATMs and 1,640 PO-terminals across the country.

 

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