A bank whose assets increased by 4%

17:18 - 25.04.2023

April 25, Fineko/abc.az. VTB Bank (Azerbaijan) completed the first quarter with net profit of about AZN 3 million. VTB Bank (Azerbaijan) has published financial results for Q1 of 2023.

ABC.AZ informs that according to bank’s report, as of March 31, 2023 bank's assets increased by 4% since the beginning of the year up to AZN 248.1 million.

Bank's loan portfolio at the end of the reporting period amounted to AZN 167.9 million, including consumer loans for AZN 71.8 million, loans for business development — AZN 54.6 million, mortgage loans — AZN 41.5 million. Compared with the end of last year, the loan portfolio of VTB Bank (Azerbaijan) increased by 5.1%, including the portfolio of business loans by 8.7%, mortgage loans by 6.1%, consumer loans by 2%.