Today.Az » Business » Bank Standard to raise its authorized capital in Q2
10 April 2007 [09:03] - Today.Az
Bank Standard intends to raise its authorized capital during the second quarter of the year.
The bank board senior chair Javid Guliyev told a press conference that the bank will also expand the spectrum of it coverage, by opening 5 new branches by this year's end. During the first quarter, the bank's aggregate capital rose 13% to AZN 25.5 million ($29.4 million). The group's Q1 pre-tax profit was AZN 2.6 million ($3 million) which had risen by 132% during March. APA-Economics
|
