This bank’s deposit portfolio grew by 27.8%

16:37 - 15.01.2025


January 15, Fineko/abc.az. In 2024, the assets of Bank VTB (Azerbaijan) increased by 26.9% or 67.2 million manats up to 317.98 million manats.

ABC.AZ reports that bank's loan portfolio (loans given to customers) grew by 25.6% up to 234.993 million manats.

The total liabilities of Bank VTB (Azerbaijan) for this period amounted to 216.1 million manats (36% or 57.3 million manats more than a year earlier).

Bank's deposit portfolio also increased by 27.8%, or 24.8 million manats, up to 114.15 million manats.

Deposits of individuals rose by 7.3% or 4.7 million manats compared with the previous year up to 106.767 million manats, while deposits of legal entities by 83.4% or 20.1 million manats up to 44.105 million manats.

In 2024, bank's liabilities to the Central Bank and state funds increased by 15.8% compared with the previous year and amounted to 60.9 million manats, while liabilities to credit institutions and other financial institutions by 63.3% up to 19.26 million manats.

As of January 1, 2025, the total capital of Bank VTB (Azerbaijan) grew by 10.9% or 9.9 million manats against the same term of 2024 up to 100.986 million manats.