On October 1, 2013 assets of VTB Azerbaijan reached 200 million U.S. dollars.
BAKU/30.10.13/TURAN : Bank VTB Azerbaijan is developing successfully . The bank's assets by national standards to October 1, 2013 exceeded 200 million U.S. dollars, an increase of 71 % compared with the results of the 1st quarter of 2013.
Operating profit of the Bank ( before taxes ) exceeded 1 million manats. The authorized capital increased by 58 % and amounted to 37 million manat .
Bank's loan portfolio increased by 74 % to $ 148 million manats. The volume of corporate deposits amounted to 10 million manat , individuals 6 million manats.
JSC VTB Bank (Azerbaijan) is a subsidiary of VTB Bank . The share capital of JSC VTB Bank (Azerbaijan) is shared between the two major shareholders : VTB Bank (69 %) and JSC AtaHolding (31%). JSC VTB Bank (Azerbaijan) provides services to corporate businesses , small businesses and private clients. The bank is now represented by 4 branches and the head office . -15D -
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