Assets of Bank Standard formed 479 milliard 4 million manats

According to the information, the volume of credits allocated for clients formed 216 milliard 941 million manats during the period under review and this is 65 milliard 264 million manats or 43 % more than the showing by 1 October, 2004. The volume of capitals in clients’ accounts under the period of review increased 46 milliard 986 million manats or 31 % in comparison with the analogical period of the previous year and formed 197 milliard 98 million manats.

The general volume of attracted deposits formed 394 milliard 256 million manats by 1 October 2005, and increased 49 milliard 109 million manats or 14 % in comparison with the showing by the same date of 2004. The overall capital of the bank formed 84 milliard 553 million manats on 9 months of 2005 and increased 43 milliard 944 million manats or 108 % in comparison with the same period of 2004.

It was also informed from the bank that the profit of the bank formed 17 milliard 610 million manats before tax deduction by the end of the second term of 2005. When comparing, this showing was equal to 3 milliard 374 million manats in the bank in the third term of 2004.

The profit increased 5 times before tax deduction in comparison with the same period of 2004. The growth of this showing took place in the result of the great growth of interest and non-interest incomes of the bank and decreasing of expenses allocated for formation of supplies on credits.

APA