VTB (Azerbaijan) has published financial results

12:44 - 25.04.2022

April 25, Fineko/abc.az. Bank VTB (Azerbaijan) has published the financial results of the 1st quarter of 2022.

ABC.AZ reports that as of 31 March 2022 Bank's operating income amounted to AZN 11.6 million, including interest income of AZN 6.2 million and non-interest income of AZN 5.4 million.

Compared with the 2021 same term, bank's interest income grew by 71% and non-interest income by 3.1 times.

The revenue growth is the result of the growth of the net loan portfolio by 44.4% against Q1 of 2021, as well as the growth of transactional business and settlement operations of legal entities.

 

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