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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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