“Bank VTB (Azerbaijan)” attracts subordinated loan to increase total capital

Baku: Bank VTB has allocated 300 mln RUB (AZN 6.2 mln) subordinated loan to Bank VTB (Azerbaijan) for seven years.

Bank says this loan will be directed to increase of total capital, support to business development and extend lending opportunities.

Bank VTB (Azerbaijan) OJSC is the daughter company of Bank VTB OJSC. Shareholders are: Bank VTB OJSC and AtaHolding OJSC.

The bank operates 14 branches and customer services.

SOURCE: Azeri Press News Agency