BAKU/27.12.13/TURAN : On December 1, 2013 consumer credit portfolio of VTB Bank (Azerbaijan) was 86 425.7 thousand manats, which is 3 times more than the same period last year.
Total loan portfolio compared with the same period last year increased by 150 %, reaching 167 346.2 thousand manats.
The total capital reached 45 888.1 thousand manats. Recall that on December 1, 2012 , this figure was 15 153.5 thousand manats.
In addition, the deposit portfolio amounted to AZN 28 393.1 , surpassing the same period last year, almost five times .
Also saw revenue growth of VTB (Azerbaijan) for the corresponding period . Interest income amounted to 16 613 thousand manats, non-interest income - 2219 thsd AZN .
Chairman of the Management Board of VTB Bank (Azerbaijan ) Alexander Yeremin: "In the next three years we plan to enter the top banks in the country list , but it is possible that it will happen faster as VTB (Azerbaijan) is part of a major international VTB Group and has serious about business development in Azerbaijan. We plan to significantly increase the Bank's loan portfolio . For example, the retail loan portfolio will increase by 5 times. As a result of this growth , VTB (Azerbaijan) should enter the number of banks in the country , leading in retail . No less ambition we have in the area of corporate lending . "
JSC VTB Bank (Azerbaijan) is a subsidiary of VTB Bank . Shareholders of JSC VTB Bank (Azerbaijan) are: JSC VTB Bank and JSC AtaHolding. JSC VTB Bank (Azerbaijan) provides services to clients of corporate business, small business and private clients. Today the bank is represented by 4 branches and customer service of the Head Office . -15D -
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review