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Assets of Bank VTB Azerbaijan to reach AZN 65 mln by year-end

Assets of Bank VTB Azerbaijan to reach AZN 65 mln by year-end

03 November 2011 08:43 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. This year, Bank VTB Azerbaijan intends to increase assets by 62.5% up to AZN 65 mln, Board member Shahin Mirzeyev told APA.

To him, by the end of the year, deposit portfolio is expected to reach AZN 3 mln. Losses are expected to be less than AZN 3 mln.

Note that, the Central Bank of Azerbaijan granted license to Bank VTB Azerbaijan in March of 2009.

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