Bank Standard CB's summary for Q2

Bank's press service told APA that credits allowed to clients totalled AZN 72.606mn ($81.070mn) in the second quarter. Crediting of physical and juridical persons rose by AZN 26.212mn ($29.268mn) or 56% as against late 2005. Money in the clients' accounts was AZN 81.581mn ($91.091mn) which represents an increase by AZN 24.366mn ($38.372mn) or 73%.

The deposits attracted by the Bank amounted to AZN 135.052 mn ($150.795mn) which represents a rise by AZN 47.836mn (53.412mn) or 55% as against December, 2005.

As of end of last month, the aggregate capital of the bank constituted AZN 18 585mn (20.751mn) which represents an increase by AZN 6.531mn ($7.292mn) or 54% as against end of 2005.

The net profit before taxation was AZN 1.756mn ($1.961mn) in the current year.
Branches of the bank are 9 in number and 79% of the total income was gained through branches.

Bank's partners decided to increase authorized capital in June 2006 and the authorized capital of the bank constituted AZN 15mn.