Russian Bank VTB OJSC invested additional AZN 110 million to its branch in Azerbaijan “Bank VTB Azerbaijan”. Vice-President and deputy chair of board of directors of the bank Mikhail Oseyevski said.
According to him, the investment was made upon recommendation of Financial Market Control Chamber and additional investment can be made if needed.
Bank VTB official noted that, the financial institution represented by him aims to attract mostly Azerbaijani and Russian companies as clients: “We target entrepreneurs engaged in private sector, medium size business with about $10-15 thousand turnover”.
report.az