The deposit portfolio of individuals at VTB Bank (Azerbaijan) in the national currency increased by 72% from December 31, 2015 to December 15, 2016, the bank said.
The most significant growth during this period was demonstrated by timed manat deposits of retail customers, which increased by 79.4%.
VTB (Azerbaijan) offers deposit products to the population at the highest rates, which, depending on the term and interest payment conditions, constitute 15-17% per annum.
OJSC VTB Bank (Azerbaijan) is a subsidiary of VTB Bank (PJSC). Shareholders of OJSC VTB Bank (Azerbaijan) are VTB Bank (PJSC) and OJSC Ata Holding. ----71D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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