Bank VTB Azerbaijan gets about 40% growth in assets

Bank VTB Azerbaijan gets about 40% growth in assets
# 28 January 2015 13:09 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of January 1, 2015, Bank VTB Azerbaijan’s assets stood at AZN 288.922 mln, up 38.65% from previous year.

Bank says the loan portfolio rose 49.23% to AZN 278.689 mln, consumption loans grew 45.84% to AZN 134.224 mln, mortgage loans reached AZN 6.859 mln.

Overdue credits increased 2.9 times to AZN 21.220 mln (7.6% of total loan portfolio).

Personal savings went up 66.27% to AZN 8.615 mln, total capital advanced 12.17% to AZN 50.207 mln, authorized capital remained unchanged at AZN 50.815 mln.

Incomes surged 89.87% to AZN 40.848 mln, expenditures soared 83.1% to AZN 36.651 mln.

Profit made AZN 4,287,000.

The bank operates 12 branches, 13 ATMs and 13 POS-terminals across the country.

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