BAKU/17.01.14/TURAN : VTB Bank (Azerbaijan ) plans this year to increase its assets by 174 %, while the growth in loan and deposit portfolios could reach respectively 178% and 200 %. The journalists at today's press conference on the results in 2013 and plans for 2014 were informed by the bank's chairman Alexander Yeremin .
According to him, the bank's assets increased in 2013 by 2.4 times , reaching 207.9 million manat. While "working" assets in the form of loan portfolio are impressive 90% of the total assets . With the planned loss of 2.8 million manat , the bank managed to finish the year with a net profit of 2.2 mln at national reporting standards ( and about 4 million manat on International Financial Reporting Standards ) .
The total loan portfolio increased by 2.6 times , reaching 187.9 million manat. The portfolio on corporate business grew by 1.7 times, on small business - by 3.3 times and on retail business - by 2.7 times. The total capital of the bank increased by 3 -fold to 45 million manat.
On the general summary of 2013, we can confidently say that VTB Bank (Azerbaijan ) has emerged as a universal financial institution that serves all customer segments in the market, and develops corporate, small and retail businesses, said Yeremin. -15D -
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