VTB Bank (Azerbaijan) joined the electronic payment system hesab.az, through the portal of the same name of which (www.hesab.az) customers can make payments on loans in the online mode - just need to click "Banks, Forex and leasing, "VTB Bank and found the same pay.
According to the bank, the debt on the loan can be repaid using the PIN-code number or credit card. Currently, on the portal hesab.az you can pay only loans in manats. You can pay round the clock seven days a week. Loans paid after 17:00 in the non-working days shall be deemed canceled on the following business day.
"We offer alternative channels of repayment of loans: customers can use electronic payment systems and e-pul.az hesab.az, as well as terminals MilliOn and E-manat. Our customers have the opportunity to choose a convenient payment channel for them," reported the director of the Department of Retail Business of the bank Tural Veliyev.
In November 2008, the Central Bank approved the acquisition of 51% of the Azerbaijani AF Bank by the Russian Vneshtorgbank (VTB). 51% of shares belong to JSC VTB Bank, 48.99% - to the group of companies Ata Holding and 0.01% - to an individual. --17D-
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- Economics
- 3 July 2015 16:03
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- Political Monitoring
- 3 July 2015 16:46
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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