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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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