Bank Of Baku

Bank VTB Azerbaijan gets 70% rise in assets

Bank VTB Azerbaijan gets 70% rise in assets
# 08 November 2010 11:34 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Bank VTB Azerbaijan’s assets stood at AZN 27.832 mln, up 70% compared with a year ago.

Bank says the deposit portfolio extended by 4.6 times to AZN 1.931 mln, population’s deposit rose by 7.8 times to AZN 1.548 mln, loan portfolio increased by 4.6 times to AZN 13.387 mln, consumer lending increased by 19 times to AZN 1.390 mln.

At the same time, total capital doubled to AZN 22.187 mln, authorized capital tripled to AZN 23.815 mln.

Note that, income made AZN 2.375 mln during the same period, up 45% from year earlier, expenditure soared by 2.6 times to AZN 4.984 mln. Loss surged by 10.2 times to AZN 2.609 mln.

Staffs raised by 5.4 times to 621.

Bank VTB Azerbaijan has been registered in March 19, 2009.
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