Baku, Azerbaijan, Dec.25
By Maksim Tsurkov - Trend:
VTB Bank (Azerbaijan) intends to double its credit portfolio in 2015, the bank's chairman Yuri Yakovlev said Dec.25 at a press conference dedicated to the five-year bank activity in Azerbaijan.
"Over the years of work, our loan portfolio increased by 18 times and exceeded 286 million AZN," said Yakovlev. "The most part of the portfolio accounts for retail lending - 228.5 million AZN, while the share of corporate business - 58.5 million AZN. In 2015, we plan to double our loan portfolio."
He said that the deposit portfolio will also be significantly increased. "At the moment, the deposit portfolio of the bank is small - 20 million AZN," said Yakovlev. "This is due to the fact that we didn't attract deposits actively. In 2015, we plan to triple the attraction of deposits from the local market, from both the legal and the private entities."
VTB Bank (Azerbaijan) JSC is a subsidiary of VTB Bank JSC. Shareholders of VTB Bank (Azerbaijan) JSC are: VTB Bank JSC and AtaHolding JSC. VTB Bank (Azerbaijan) JSC provides services to clients of corporate business, small business and private clients. Today, the bank is represented by 12 branches and the Office of customer service at the head office.
The official exchange rate for December 25 is 0, 7844 AZN / USD.
--
Follow the author on Twitter: @MaksimTsurkov