VTB Azerbaijan Bank Strengthens Its Position on Problem Loans

Vadim Zinoviev was appointed member of the Management Board of VTB Bank (Azerbaijan).

As Turan was told in the press service of the bank, Zinoviev is the Director of the bank’s Risks and Monitoring Department. In this position he is responsible for risk management and work with problem debts.

Vadim Zinoviev has been working in VTB Group since January 2013, when he took over the direction of the monitoring of credit transactions in the Bank of Moscow. Since December 2015 has has been Director of the Risks and Monitoring Department of VTB Bank (Azerbaijan).

As of October 1, 2015 the credit portfolio of VTB Bank (Azerbaijan) was 341,100,000 manats, of which about 43 million manats or 12.6% was overdue.   -----08D

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