Azerbaijan, Baku, 17 May / Trend E. Aliyev /
Azerbaijan is one of the priority regions for the VTB Group, director of the department of subsidiaries of Bank VTB OJSC Mikhail Yakunin said on Friday at the opening ceremony of the new head office of VTB Bank (Azerbaijan) in Baku.
Yakunin said opening the new office marks a new stage in the development of VTB Bank (Azerbaijan).
"Now that the Azerbaijani-Russian relations have reached new heights in the framework of cooperation in several areas, opening a new office marks another step in the development of bilateral relations," he added.
Speaking at the ceremony, Chairman of the Board of VTB Bank (Azerbaijan), Alexander Eremin expressed his gratitude to the bank's personnel, colleagues and partners from other VTB subsidiaries.
"I would also like to thank the shareholders who support and help us, always find the time to discuss pressing issues and provide all kinds of possible assistance towards the development of the bank," Eremin said.
"The agreements have been signed already on expanding the bank by 30 per cent in September, which is due to the increased number of personnel," the chairman said.
The official opening of the Nizami branch and the head office of VTB Bank (Azerbaijan) was held on Friday.
Bank VTB (Azerbaijan) JSC, trading in the country since 2009 (under banking license No.162 issued by the Central Bank of the Republic of Azerbaijan on March 11, 2009), is a subsidiary of Bank VTB JSC. The shareholding stands at a 51 per cent of the shares belonging to Bank VTB (Russia) JSC and 49 per cent to AtaHolding.
VTB Group ranks second in all the major indicators in the Russian banking market. VTB Bank JSC has the highest rating of international rating agencies Moody`s Investors Service, Standard & Poor`s and Fitch among Russian banks.