Bank VTB Azerbaijan unveils amount to recoup bad loans


March 4, Fineko/abc.az. VTB Azerbaijan was able to recoup problem loans in the amount of AZN 20 million in 2019.

ABC.AZ reports that the statement was made by Bank’s chairman of board Yevgeny Kirin.

He noted that last year the overdue loans amounting to AZN 20 million were repaid. According to Kirin, AZN 13 million of this amount accounts for loans from the corporate sector: "2019 was marked by an increase in Bank's loan portfolio. Last year Bank's working loan portfolio grew by AZN 40 million. 70% of this growth accounts for business loans,"  Kirin added.