BAKU, Azerbaijan, April 27. Total assets of VTB Bank (Azerbaijan) in 1Q2022 increased by 10.2 percent compared to the same period last year, Trend reports citing bank's balance sheet.
According to VTB Bank, total assets increased by 18.8 million manat ($11 million) over the year - up to 203.2 million manat ($119.5 million).
Largest share (80.4 percent) in their structure was loan portfolio, which grew by 15.4 percent over the year to 163.4 million manat ($96.1 million).
Deduction of targeted reserves from bank's portfolio to ensure possible losses amounted to 14.7 million manat ($8.6 million).
According to the results of 1Q2022, about 10.6 percent were cash and cash equivalents - 21.6 million manat ($12.7 million).
Another 2.1 percent of bank's assets were investments in securities - 4.4 million manat ($2.6 million).
Unused real estate in the structure of long-term assets of VTB (Azerbaijan) amounted to 3.4 million manat ($2 million).
Intangible assets amounted to 5.6 million manat ($3.3 million).