Azerbaijan, Baku, Feb. 12 / Trend , N.Ismayilova/
Under financial crisis, Bank Standard maintained amount of its assets despite expiring action term of short-term deposits, First Deputy Chairman of the bank's board Javid Guliyev said on Feb. 12.
"Global financial crisis partially influenced on the country's banking sector in the second half of 2008," Guliyev said. "Expiring action term of short-term deposits and some huge corporate clients' withdrawing considerable funds with investment purposes affected Bank Standard's activity indicators."
Despite the mentioned facts, the bank maintained total amount of its assets at a previous level and could up aggregate capital, he said.
"The bank could compensate flight of funds, draw new and maintain general leadership amongst private banks," Guliyev said.
Bank Standard's total assets amounted to 619.1 million manat in 2008. The bank's total income reached 98.5 million manat, growth of this figure was 30.1 million manat compared to 2007.
On Feb.12, the official exchange rate is 0.8065 manat to $1.
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