Bank VTB (Azerbaijan) Lending to Corporate Clients
JSC Bank VTB (Azerbaijan) offers cash credit for corporate clients.
As reported in the bank, the loans are granted to individuals - employees of companies involved in the bank through the corporate channel in local and U.S. dollars for a period of 6 months to 2 years. The loan amount varies from 300-5000 AZN. The average annual rate is 22% starts, but the exact size of the rate determined by the bank individually. The size of the annual interest rate affects the amount of the loan, and provided the documents.
Bank makes to the borrower the following requirements.
* Workplace - Baku, Absheron district, city Khirdalan, Sumgait and other regions where the branches of the bank will operate.
* Work on a labor contract
* The total length of at least 1 year experience in the last place of work for at least 3 months
* Age from 23's to 65 years (60 years for men) at the end of the loan term.
Obtain credit at the discretion of the risk manager may require third party guarantee
VTB Bank (Azerbaijan) is a subsidiary of VTB Bank. VTB Bank has the highest rating of Russian banks by international rating agencies Moody `s Investors Service, Standard & Poor` s and Fitch. -15D -
Economics
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
-
A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
Leave a review