VTB Bank (Azerbaijan) has opened its 9th branch in Baku. It is located in the center of the Azerbaijani capital at 51 Istiglaliyyat Avenue.
At today's opening ceremony, Chairman of the Board VTB Bank (Azerbaijan) Yuri Yakovlev announced the opening of another branch in Baku and branches in the cities of Sumgait and Ganja by the end of this year.
VTB Bank (Azerbaijan) became a part of Azerbaijan's banking system in 2009. Practically it is a subsidiary of Russia's JSC VTB Bank, which owns a 51% stake, while JSC AtaHolding has 49%.
In the I half of 2014, the loan portfolio increased twofold in comparison with the same period last year and amounted to 215.985 million manat.
The assets increased two times - to 229.699 million manat, and the aggregate capital reached 47.837 million manat, while the revenues grew 2.5 times and amounted to 20.257 million manat. -0
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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