Bank Of Baku

Bank Standard’s assets more than double

Bank Standard’s assets more than double
# 09 March 2007 09:20 (UTC +04:00)
As at March 1, Bank Standard’s assets amounted to AZN 285.8m ($329m), up 2.6 times from a year earlier.
The Bank’s Head Office told APA that its loan portfolio reached AZN 152.1m ($175m), up threefold or AZN 103.5m ($119.1m) from the same period last year.
As of March 1, finances in accounts totaled to AZN 145m ($167.5m), up 2.6 times from the same period last year.
The term deposit portfolio rose 2.9 times or AZN 68.5m ($78.6m), year-on-year, to AZN 104.7m ($120.5m).
The Bank’s aggregate capital stood at AZN 24.5m ($28.2m), up 93% year-on-year. The bank’s pre-tax profit was AZN 1.7m ($1.9m) with a triple year-on-year rise. /APA/
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