
‘Bank VTB Azərbaycan’ gained about AZN 10 million of net profit last year
‘Bank VTB Azərbaycan’ has released its financial results for 2024.
Last year, the bank gained a net profit of AZN 9.5 million, which is up by 10.1% from a year earlier.
As of the beginning of this year, the assets of ‘Bank VTB Azərbaycan’ were up by 26.9% from the beginning of the last year - AZN 317.1 million, including the net loan portfolio by 26.3% more - AZN 206.8 million.
The bank's liabilities amounted to AZN 216.1 million (up 36.1%), including the deposit portfolio AZN 114.15 million (up 27.8%), the balance sheet capital AZN 101 million (up 10.9%), the authorised capital AZN 315.8 million (unchanged).
Finance
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Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov has held a meeting with heads of the Association of Stock Market Participants of Azerbaijan, Baku Stock Exchange, National Depository Centre and investment companies.
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The Azerbaijan Deposit Insurance Fund (ADIF) has paid a total of AZN 1,717.5 million or $1,010.3 million in compensation to 62,520 depositors of 19 banks in the process of liquidation over the period of its operation from 2006 to 2024.This is reported by the ADIF.
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A working visit to London of the expert groups operating under the Association of Banks of Azerbaijan (ABA) within the framework of co-operation with the British Embassy in Azerbaijan has taken place. This was reported by ABA.
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The Central Bank of Azerbaijan (CBA) does not hold auctions of notes since November 2024, i.e. for 3 months. This is evidenced by operational indicators published by the Baku Stock Exchange (BSE).
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