12:25 - 18.02.2026

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February 18, Fineko/abc.az. VTB (Russia) is planning to complete the import substitution process by the end of 2027.

ABC.AZ informs that Vadim Kulik, Deputy President and Chairman of Board of the bank, made this statement at forum Cybersecurity in Finance.

He added that main works will be ended by January 1, 2027, and by the end of the year the 100% figure will be reached, including rare and complexly structured bank guarantees.

Earlier, the bank announced that by the beginning of 2025, it had already replaced 95% of the system IT infrastructure and about 91% of application solutions.