Bank VTB (Azerbaijan) gets 79% rise in assets

Baku: In the first quarter of 2015, the assets of Bank VTB (Azerbaijan) stood at AZ 367 mln, up 79% from previous year.

Bank says the loan portfolio rose 77% to AZN 345 mln, including consumer lending made 45% of loan portfolio, up AZN 66 mln or 74% in comparison to a year earlier. Car loan amounted to AZN 67 mln and cash loans to AZN 65 mln.

AZN 190.5 mln was given to entrepreneurship (55%), Bank allocated AZN 119 mln for financing of small business, up AZN 57 mln or 93% in comparison to a year earlier. Moreover, the bank allocated AZN 72 mln for medium and large business by rising this lending 60%.

Deposit portfolio exceeded AZN 22 mln, up 46% in annual comparison.

SOURCE: Azeri Press News Agency