Baku. Vahab Rzayev – APA-Economics. The composition of Supervisory Council of VTB subsidiary bank in Azerbaijan has been enlarged up to 7 people.
The Bank informs that Vasiliy Titov, the First Deputy President and Chairman of VTB Bank Management Board (Russia), was designated the Chairman of Supervisory Council, VTB Azerbaycan. Besides, Museib Aliyev, the representative of the Banks’ second shareholder – AtaHolding Group of Companies, has also been included into the Supervisory Council. The decision on changing the composition of the Supervisory Council was made at the VTB Azerbaijan shareholders’ meeting. The Central Bank of Azerbaijan has coordinated the mentioned changes.
“The strengthening of Supervisory Council indicates at the significance of Azerbaijan for VTB Group. We set a task for the subsidiary to actively develop business with large, medium and small enterprises, as well as with retail clients. Growth of VTB capital prospected by the Bank shareholders will facilitate achievement of the set goals”, - said Vasiliy Titov in his comments to the changes in Supervisory Council.
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