Bank Of Baku

VTB Azerbaijan gets 24% decline in total capital year-on-year

VTB Azerbaijan gets 24% decline in total capital year-on-year
# 21 November 2011 09:18 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2011, VTB Azerbaijan’s assets stood at AZN 50.244 mln, up 81% from year earlier.

Bank says loan portfolio tripled to AZN 41.518 mln, deposit portfolio rose 37% to AZN 2.650 mln. As well, total capital decreased by 24% to AZN 16.928 mln, including authorized capital remained unchanged at AZN 23.815 mln.

Number of clients soared 4.9 times to 3,013, including individuals surged 5.5 times to AZN 2.753, legal entities grew 2.2 times to AZN 260.

Note that, Bank VTB Azerbaijan obtained license on March 19, 2009.
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