Bank VTB (Azerbaijan) increases capital

Baku. 26 May. REPORT.AZ/ "Bank VTB" JSC allocated 7-year subordinated loan in the amount of 300 million rubles (6.2 mln manats) to its subsidiary "Bank VTB (Azerbaijan)" JSC.

Report informs referring to the Bank in Azerbaijan.

"These funds," Bank VTB (Azerbaijan), "an indication of support from the head office at any time.

Raise in total capital will support business growth in the aggregate, and will help to increase the availability of credit, said "Bank VTB (Azerbaijan)" Chairman of the Board, Yuri Yakovlev.

"Bank VTB (Azerbaijan)" JSC subsidiary organization of "Bank VTB". Shareholders of "Bank VTB (Azerbaijan)," "Bank VTB" JSC and "AtaHolding" JSC.The Bank provides services to clients representing corporate business, small business and private clients.Today, the Bank is represented by 14 subsidiaries and the Office of Customer Service at HQs.