Bank Standard Publicized its Operation Results of 1st Half 2008
Azerbaijan, Baku, 14 July / Trend / The assets of Azerbaijani Bank Standard totalled AZN 690.9mln ($851.2mln) by 30 June, an increase of AZN 82.3mln ($101.4mln) or 14% of this year. One-year growth comprised AZN 249.7mln ($307.6mln) or 57%.
The credits allotted to clients by the end of June totalled 439.1mln ($541.1mln). Credit portfolio grew by AZN 32.4mln in 2008 ($39.9mln) or 8%, while in recent one year the figure increased by AZN 172.1mln ($212.1mln) or 64%.
The funds on clients' accounts totalled AZN 259.8mln ($320.1mln) by the end of June, an increase of AZN 1.8mln ($2.2mln) or 1%. Recent one year's growth comprised AZN 78.7mln ($97mln) or 43%.
Deposits with fixed period of individuals and juridical entities totalled AZN 119.9mln ($147.7mln) by 30 June, a decrease of AZN 64.6mln ($79.6mln) or 35% in 2008 and a decrease of AZN 8.5mln ($10.4mln) or 7% in recent 12 months.
This year's profit before taxation comprised AZN 10.1mln ($12.5mln). One-year growth totalled AZN 4.3mln ($5.3mln).