Bank Of Baku

Bank VTB (Azerbaijan) increases assets 58%

Bank VTB (Azerbaijan) increases assets 58%
# 04 November 2014 08:18 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. As of October 1, 2014, the assets of Bank VTB (Azerbaijan) stood at AZN 263.329 mln, up 58.26% from previous year.

 

Bank says the loan portfolio rose 64.92% to AZN 245.686 mln, consumption loans raised 62.15% to AZN 123.259 mln, overdue credits quadrupled to AZN 20.067 mln (8.17% of loan portfolio), deposit portfolio dropped 15.63% to AZN 14.755 mln, and personal savings grew 51.96% to AZN 6.007 mln.  

 

Total capital increased 52.80% to AZN 47.972 mln, authorized capital made AZN 50.815 mln.

 

Incomes soared 2.23 times to AZN 31.566 mln, expenditures surged 2.20 times to AZN 28.819 mln.

 

Profit made AZN 2.746 mln.

 

The bank operates 9 branches, 10 ATMs and 387 POS-terminals

 

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