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Bank VTB (Azerbaijan) increases assets 50%

20 November 2014 09:50 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economiccs. As of November 1, 2014, assets of Bank VTB (Azerbaijan) made AZN 274 mln, up 51% from previous year. Total capital rose 55% or AZN 17 mln to AZN 49.5 mln .

Loan portfolio soared 53% to AZN 260 mln, which AZN 137 mln or 54% made business-loans, AZN 123 mln or 46% - consumption loans. The loans for development of small business stood at AZN 84.4 mln or 32.5% of loan portfolio. AZN 52.7 mln or 20% went to crediting of medium and large businesses. Compared to a year earlier, the consumption loans rose AZN 46 mln, loans for small business – AZN 41 mln, loan for medium and large business – AZN 13 mln.

Main part of consumption loans fell to share of car and cash loans (relevantly 24% and 18%).

Deposit portfolio exceeded AZN 18 mln. Revenues surged 60% or 1.6 times to AZN 4 mln.

Bank operates 11 branches, which 7 of them have been launched this year. Bank intends to increase branches to 16 launching in Sumgayit and Ganja cities by the year-end.