A bank whose deposits grew by 35% in three months

17:19 - 25.04.2023


April 25, Fineko/abc.az. The deposit portfolio of VTB Bank (Azerbaijan) has grown by 10.6% since the beginning of the year and amounted to AZN 104.9 million as of March 31, 2023.

ABC.AZ informs that according to bank’s report, population’s deposits in the bank amounted to AZN 63 million and deposits of legal entities AZN 41.9 million at the end of the reported term.

Since early 2023 legal entities’ deposits have increased by about 35%.

By the end of the reporting period, bank’s total capital grew by 3.8% against early 2023 and reached AZN 83.3 million, which exceeded CBA’s minimum requirement by 66.6%.

Bank's operating income totaled AZN 8.2 million, including AZN 6.8 million of interests and AZN 1.4 million of non-interest income.

The bank completed the reporting period with net profit of AZN 2.9 million.