Bank VTB Azerbaijan is developing successfully. The bank's assets by national standards up 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 manats.
The Bank's loan portfolio increased 74 % to 148 million manats. The volume of corporate deposits amounted to 10 million manats, and individual deposits were 6 million manats. -15D -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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