Bank Standard increased it assets by 16% in 1st quarter of current year

The 1st Vice-Chair of the Board of Bank Standard Javid Gurbanov speaking at the conference said that during the first three months of this year total volume of Bank's assets increased by AZN 16.263 million or 16% in comparison with the beginning of 2006 and came to AZN 115.314 million: "Besides, volume of credits provided to clients totaled AZN 53.636 million. In comparison with the end of the last year provision of loans to physical and juridical persons grew by AZN 7.242 million or 16%. Volume of funds in clients’ accounts amounted to AZN 55.686 million. This indicator grew by 18% in comparison with the end of the past year."

In the reporting period total volume of attracted deposits formed AZN 101.154 million and increased by AZN 14.146 million or 16% in comparison with the beginning of 2006. Aggregate capital of the Bank totaled AZN 13.072 million by April 1, increasing by AZN 1.018 million or 8% in January-March.

Mr.Gurbanov also noted that profit of Bank Standard before taxation was AZN 894 thousand at the end of 1st quarter, APA reports.