Bank Standard sees rise in assets

Bank Standard sees rise in assets
# 28 April 2014 09:23 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. As of April 1, 2014, Bank Standard’s assets stood at AZN 1,026,229,810, up 17% from previous year.

Bank says the loan portfolio rose 20.1% to AZN 752.799 mln.

Consumer lending made AZN 111.334 mln, down 21% from a year earlier.

Mortgage loans increased by 23.46% to AZN 46.902 mln (AZN 37.029 mln or 78.9% given through AMF).

Deposit portfolio surged 17% to AZN 675.708 mln, personal savings soared 19.1% to AZN 541.524 mln.

Authorized capital remained unchanged at AZN 75 mln.

Incomes grew 37.7% to AZN 27.102 mln, expenditures increased by 20.2% to AZN 26.312 mln.

Fore the present, the bank operates 13 branches, 144 ATMs and 1,822 POS-terminals across the country.

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