On April 1, the assets of Bank VTB (Azerbaijan) got closer to 367 million manat (+ 79% by the end of March last year).
According to the press release of the financial agency, the credit portfolio is 345 million manat (+ 77%), 45% of which, or 154 million manat is consumer loans (67 million on car loans and 67 million of cash money).
The share of the total portfolio of lending business loans is 55% or 190.5 million manat. Financing for small businesses is 119 million manat, and that for medium and large businesses is 72 million AZN.
The deposit portfolio of the joint financial agency by April 1 exceeded 22 million manat (+ 46%).
JSC Bank VTB (Azerbaijan) is a subsidiary of the Russian Open Society Bank VTB (former Vneshtorgbank). Its shareholders are JSC VTB Bank and JSC Ata Holding.
In November 2008, the Central Bank approved the acquisition of 51% stake in the former local AF Bank by VTB.
The bank's shareholders are OJSC Bank VTB (51%), Ata Holding (48.99%), and an individual (0.01%).
The bank has 12 branches and the client service management at the head office. -17D-
Economics
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