17:37 - 12.10.2023

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October 12, Fineko/abc.az. VTB Bank (Azerbaijan) OJSC has published the financial indicators for the 3rd quarter of 2023.

ABC.AZ informs with reference to VTB Bank (Azerbaijan) report that as of September 30, 2023, bank's assets amounted to AZN 231.238 million (5.5% more versus Jan-Sept 2022). The Bank completed the reporting period with net profit of AZN 8.643 million.

"Bank's loan portfolio grew by 18%: retail lending increased by 12%, business loans - by 22.5%, and mortgage lending growth reached 23%. We note the high activity in the financial market and predict that it will last until the end of the year," said Evgeny Borodin, board member at VTB Bank (Azerbaijan), director of the Retail Business Development Department.

In the 3rd quarter, bank's interest income grew by 8.3%, and net interest income by 16.4%. As of September 30, bank’s total capital has increased by 2.6% since the beginning of the year up to AZN 82.27 million, which exceeds CBA minimum requirements more than by 64%.