Yevgeny Kirin: Demand deposits grew by 6%


March 4, Fineko/abc.az. The sound loan portfolio of individuals at Bank VTB Azerbaijan observed a rise of 1.8% for the past year.

ABC.AZ reports that the relevant statement was made by Bank’s chairman of board Yevgeny Kirin at a press conference devoted to VTB Azerbaijan’s work for 2019.

He noted that this growth was achieved due to giving of mortgage and cash loans, as well as credit cards.

According to Kirin, the sound loan portfolio of legal entities increased by 2.9 times in 2019.

"During the reporting period the Bank's deposit portfolio amounted to AZN 70.1 million. Of them, AZN 35.1 million account for retail deposits and AZN 35 million for legal entities. Last year the demand deposits increased by 6% and made up 49% of total customer funds. The number of bank cards issued in 2019 grew by 45% (versus 2018) and exceeded 4,700 cards. Compared with 2018, the number of Internet Bank users grew by 86," Kirin emphasized.