Bank Of Baku

Bank VTB Azerbaijan triples lending

Bank VTB Azerbaijan triples lending
# 23 February 2012 10:28 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In 2011, Bank VTB Azerbaijan’s loan portfolio stood at AZN 46.025 mln, up 3 times from previous year.

Bank says short term loans rose by 7.4 times to AZN 23.883 mln, long-term loans – b 84% to AZN 22.141 mln, consumer lending soared 3.2 times to AZN 11.119 mln.

Deposit portfolio increased by 15% to AZN 4.337 mln, as well term deposits surged 3.293 mln, demand deposits grew 22% to AZN 1.044 mln, population’s deposits increased by 17% to AZN 1.631 mln.

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