VTB Bank Azerbaijan to increase authorized capital

BAKU, Azerbaijan, Dec. 19

By Eldar Janashvili – Trend:

The VTB Bank Azerbaijan management’s forecast assumes the profit worth six million manat ($3 million) at the end of 2019, Chairman of the Management Board of VTB Bank Azerbaijan Yevgeniy Kirin told Trend while speaking about the bank's plans for profit for 2019.

“At the same time, VTB Bank Azerbaijan does not plan to pay dividends and will direct profit to increase the authorized capital, which will give the bank more opportunities to expand its credit policy,” Kirin said.

(1 USD = 1.7 AZN on Dec. 19)

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