Assets of Big Azerbaijani Bank Decrease by AZN11mln

Business Materials 13 February 2008 18:03 (UTC +04:00)

Azerbaijan, Baku, 13 February/ Trend / Bank Standard, the biggest bank of the private sector of Azerbaijan, has summed up its activities for January, the bank reported on 13 February.

As on 31 Jan 2008, the total sum of assets of the bank totaled AZN597.7mln ($707.1mln). In Jan, the assets of the bank decreased by AZN11mln ($13mln) or by 2%.

The credits granted to the customers totaled AZN413.9mln ($489.8mln). The increase in the credit portfolio totaled AZN9.7mln ($11.5mln) or 2%.

The funds in accounts of the customers amounted to AZN245.3mln ($290.3mln). This figure decreased by AZN12.7mln ($%15mln) or by 5% in this period.

The deposits with fixed period of the physical and juridical persons amounted to AZN185.9mln ($220.1mln). There was a rise in the deposits by AZN1.5 ($1.7mln) or 1% in the course of the January 2008.

The income after the taxation totaled to AZN1.3mln ($1.5mln), in January.

The rise in the aggregate capital of the bank totaled to AZN1.5mln ($1.8mln) or 2% and reached AZN74.4mln ($88.0mln) on 31 January 2008.