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VTB Azerbaijan sees rise in troubled loans

24 October 2013 14:05 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of October 1, 2013, VTB Azerbaijan’s assets stood at AZN 166.388 mln, up 2.7 times from 2012.

Bank says the loan portfolio rose 2.3 times to AZN 148.973 mln, as well as consumer lending made AZN 76.016 mln, up 3.4 times from a year earlier. At the same time, overdue credits increased by 3.1 times to AZN 5.019 mln and made 3.4% of total loan portfolio rising 0.2 percentage point.

Deposit portfolio surged 3.6 times to AZN 17.484 mln, as well as personal savings were equal to AZN 6.534 mln, up 2.4 times by contrast to a year earlier.

Total capital grew 2.3 times to AZN 31.395 mln, including authorized capital soared 58.0% to AZN 37.585 mln.

Number of clients advanced 2.8 times to 7,558, as well as individuals went up 2.9 times to 7,542, juridical persons climbed 3.1 times to 16. Plastic cards were equal to 1,102, up 4.9 times from 2012.

The bank operates 4 branches, 5 ATMs and 5 POS-terminals across the country.