"Alternate Aerodrome" for VTB Bank-Azerbaijan

In the event of disconnecting the power system of Russia from SWIFT, the customers of VTB Bank (Azerbaijan) should not worry – the due payments will be made by means of Ata Bank.

As said the Chairman of the Board of VTB Bank (Azerbaijan), Yuri Yakovlev, the probability of disconnection of the Russian Federation from the international SWIFT system is low, as evidenced by the statement of the global operator. However, if this happens, the payments will go through a financial structure that is part of Ata Holding, which owns 49% stake in the bank VTB Bank (Azerbaijan).

Recall the other day the banking system for the exchange of information SWIFT released an official statement saying that it would not even under political pressure disable the RF line services. It is subject to Belgian law, and the recommendation of the European Parliament violates the rights of the company and causes great damage to its reputation.

At present, the daily pass through the SWIFT network are payment orders for more than $ 6 trillion. It involves more than 10,000 financial institutions in 210 countries. On the number of users of the SWIFT system, Russia ranks second in the world after the United States.

The Central Bank of Azerbaijan in March 2009 issued JSC VTB Bank (Azerbaijan) a banking license. Of the bank’s shares 51% are owned by JSC VTB Bank, 48.99% - by a group of companies Ata Holding, and 0.01% - by an individual. --17D-