In the first three quarters of the year Bank Standard consumer loans reduced by 6.5% to 101 million 799.2 AZN. The reduction has been observed in several positions. Since the beginning of the year the deposit portfolio has been pressed down by 0.8% to 715 million 784.98 thousand manat, especially household deposits (minus 6%) - to 544 million 414.01 thousand manat. The cumulative capital became 3.7% less, amounting to 50 million 743.82 thousand.
Other positions either increased or remained unchanged. For example, assets grew by 5.3% to 1 billion 187 million 109.77 thousand manat, credit policy has become more active by 11%, while the total portfolio was 899 million 502.8 thousand manat.
The liabilities grew by 5.8% to 1 billion 131 million 24 thousand manat. The authorized capital remained unchanged since the beginning of the year – AZN 75 million. With all the indicators, the bank worked with a loss of 1 million 237 thousand manat in January-September.
JSC Bank Standard fully owned by Ltd. AB Standard was founded in 1995. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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