OREANDA-NEWS. February 03, 2010. One of the biggest credit institutions of Azerbaijan, Bank Standard, in fact trebled last year its indicators on return on assets (ROA) and return on equity (ROE).

The Bank says that in 2009 adequacy of Bank Standard’s capital rose up to 13.6% versus 12.9% in 2008.

“For the past year our ROA increased from 0.9% up to 2.26%, while ROE from 5.8% up to 14.37%,” BS informed.

Simultaneously Bank’s overall capital reduced from 77.355 million to 73.45 million manats and assets from 619.085 million to 521.387 million.

Its net profit, however, grew from 6.15 million up to 12.2 million manats and profit with tax deductions from AZN 4.798 million up to 11.159 million manats.