OREANDA-NEWS. November 10, 2010. Bank Standard was the leader of the local private banking community and the second largest bank of Azerbaijan during the past three quarters of this year and, according to the reports of the bank, the dynamic growth in term deposits was the highlight of the period’s progress, signifying the increased public confidence in the bank, reported the press-centre of Bank Standard.

The assets of the bank equalled AZN 589.4 mn (USD 734.2 mn) on 30 September 2010 representing an increase by 14% (AZN 71,705 mn) from the corresponding period of 2009 and by 13% (AZN 67.97 mn) from 1 January 2010.

The loans that the bank had given by the end of September 2010 had totalled at AZN 369.2 mn (USD 460 mn) being 9% (AZN 29,137 mn) up. 

The deposits in the bank added up to AZN 227.3 mn (USD 283.2 mn) in M909 being AZN 100.95 mn or 80% up on 1 January 2010 and 77.3% up on AZN 128.3 mn on 1 October 2009).

The balance in the current accounts of the customers in Bank Standard equalled AZN 43.5 mn (USD 54.2 mn) on 30 September 2010 being AZN 2.09 mn or 5% up on the end of 2009.

The charter capital of Bank Standard rose by AZN 10.44 mn to AZN 75 mn (USD 93.4 mn) in the discussed period.

Bank Standard joined two more international payment transfer systems in reported period and is now connected to ten of them. Bank Standard is among the leaders in this business similarly to many other banking practice fields.