VTB Bank Azerbaijan sees 90% growth in assets

VTB Bank Azerbaijan sees 90% growth in assets
# 18 May 2010 12:29 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based VTB Bank Azerbaijan’s assets stood at AZN 31.208 mln, up 89% compared with a year ago.

Bank says, deposit portfolio rose by 25 times to AZN 4.279 mln, population’s deposits increased by 32 times to AZN 4.030 mln. Loan portfolio grew by 2.8 times to AZN 7.780 mln, consumer lending soared by 2.5 times to AZN 124 000.

Total capital surged by 2.4 times to AZN 23.994 mln, authorized capital tripled to AZN 23.815 mln.

Revenue 0.04% decreased to AZN 606 640, expenditure rose by 2.8 times to AZN 1.549 mln. Loss made AZN 942 000. Bank’s profit was 51 000.

VTB Bank Azerbaijan has been in operation since March 19, 2009.
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