17:25 - 12.01.2024

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January 12, Fineko/abc.az. VTB Bank OJSC (Azerbaijan) has published the financial indicators for 2023.

ABC.AZ informs with reference to Bank's report that following 2023, the net profit of VTB Bank (Azerbaijan) amounted to 10.608 million manats. Assets increased by 4.8 percent and amounted to 249.9 million manats.

The Bank's loan portfolio grew by 17.1%, in particular, the retail lending increased by 6.2%, business loans by 28.6%, and mortgage lending by 22%. VTB Bank's (Azerbaijan) interest income grew by 8.15% by the end of 2023, and net interest income by 16.1%.

By the end of 2023, the return on equity (ROE) of VTB Bank (Azerbaijan) was 15.29%, and the return on assets (ROA) was 5.48%.

The total capital of the bank reached 91.055 million manats by December 31, an increase of 13.5% since the beginning of the year, and exceeded the minimum requirements of the Central Bank of Azerbaijan more than by 82%.