Bank Of Baku

Bank VTB Azerbaijan sees 16% decline in Q1 assets

Bank VTB Azerbaijan sees 16% decline in Q1 assets
# 20 May 2011 14:45 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan’s Bank VTB Azerbaijan’s assets stood at AZN 27.157 mln, down 16% from a year ago.

Bank says loan portfolio rose 585 to AZN 15.7 mln, deposit portfolio decreased by 47% to AZN 3.384 mln. Total capital went down 19.4% to AZN 19.131 mln, authorized capital remained unchanged at AZN 23.815 mln.

Number of clients rose 5.3 times to 1,497, individuals – 6.2 times to 1.185, legal entities – 3.4 times to 312.

Note that, Bank VTB Azerbaijan has been in operation since 2009.
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