Bank VTB Azerbaijan meets Central Bank’s demand on capital

Baku: In the third quarter of 2015, Bank VTB Azerbaijan’s assets made AZN 378 mln, up 30% from previous year.

Bank says the loan portfolio rose 24% to AZN 347 mln, deposit portfolio doubled to AZN 60.7 mln, overdue credits fell AZN 11 mln.

Bank intends to increase number of branches and departments to 17.

Profit amounted to AZN 8.1 mln.

Tier 1 capital reached AZN 40 mln, total capital AZN 53 mln. Tier 1 and total capital adequacy ratios relevantly made 11.01% and 15.23%.

SOURCE: AZERI-PRESS NEWS AGENCY

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