Bank VTB (Azerbaijan) increases lending by 25% in 2015

Baku. 10 June. REPORT.AZ/ "Bank VTB (Azerbaijan)" plans to increase its loan portfolio by 25%, or 40 million manats this year to reach 200 million manats.Report was told by a member of the Board Tural Veliyev.

According to him, along with the bank in the near future Azerbaijan Mortgage Fund (AMF) and the National Fund for Entrepreneurship Support (NFES) with the cooperation of the two organizations are willing to obtain bank-agent status.Currently, discussions on this matter with structures are underway. Negotiations with NFES to be completed this month and it is expected to start lending soon.Cooperation with the AMF is expected to begin in September.

Besides T. Valiyev said that "Bank VTB (Azerbaijan)" had applied for accession to" AzeriCard "processing center and Russian Ruble going to offer a variety of credit card products.