JSC VTB Bank (Azerbaijan), opening the Neftchilar branch, increased the number to 15. By the end of this year, it is scheduled to increase its branch network to 20 units, the bank's chairman Yuri Yakovlev told the media.
"Preparations are under way for the opening of a branch in Ganja. The remaining four objects also outline solid prospects," he said, without specifying in what regions it is planned to open new branches.
According to him, last year, the financial structure actively expanded its branch network - eight branches were opened.
In March 2009 CBA gave JSC VTB Bank (Azerbaijan) a banking license. The bank shares are 51% owned by JSC VTB Bank, 48.99% by the group of companies Ata Holding, and 0.01% - by an individual. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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