Azerbaijan, Baku, Sept. 12 /Trend E. Aliyev/
VTB Bank (Azerbaijan) plans to expand its branch network in Baku, the Chairman of the Board of the Bank, Alexander Eremin told Trend at the opening ceremony of bank's fourth branch.
"The bank plans to open two more branches in the capital by late 2013. One of them will be opened in October, and the second in December this year," Eremin said.
The fourth branch of VTB Bank (Azerbaijan) - Hazi Aslanov, located at M. Hadi Street 73, near the Hazi Aslanov Metro Station was opened on Thursday. The customers of the branch will be provided with a full package of banking products and services.
VTB Bank (Azerbaijan) has been operating in the country since 2009, and is a subsidiary of OJSC VTB Bank. Some 51 percent of its shares belong to JSC VTB Bank (Russia) and 49 percent to AtaHolding. In the Russian banking market VTB Group holds second place in all major indicators.
Among Russian banks JSC VTB Bank has the highest rating of the international rating agencies Moody's Investors Service, Standard & Poor's and Fitch.
Some 43 banks operate in Azerbaijan.
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