Question 1

What is VTB Bank (Azerbaijan)?

Accepted Answer

VTB Bank (Azerbaijan) is a subsidiary bank of VTB Bank PJSC, operating as part of the VTB Group, a major Russian international financial conglomerate. The bank operates in Azerbaijan providing a comprehensive range of retail and corporate banking services. VTB Bank (Azerbaijan) is 99.9999% owned by VTB Bank PJSC, with the remaining 0.0001% held by an individual person.

The official opening of VTB Bank (Azerbaijan) was held on November 23, 2009, following its licensing by the Central Bank of Azerbaijan (license number 175, later 162). The bank is headquartered in Baku and maintains an extensive service network throughout Azerbaijan.

Question 2

When was VTB Bank (Azerbaijan) founded?

Accepted Answer

VTB Bank (Azerbaijan) was officially opened on November 23, 2009, as a subsidiary of VTB Bank. However, the bank's origins trace back to 2008, when VTB Bank acquired a 51% stake in AF Bank in Azerbaijan from AF Holding International. The acquired bank was subsequently rebranded and reorganized as VTB Bank (Azerbaijan).

The parent company, VTB Bank, was originally founded in 1990 as Vneshtorgbank (International Trade Bank) with support from the Central Bank of Russia and the Ministry of Finance to service Russia's foreign trade operations and promote Russia's integration into the world economy.

Question 3

Where is VTB Bank (Azerbaijan) headquartered?

Accepted Answer

VTB Bank (Azerbaijan) is headquartered in Baku, the capital city of Azerbaijan, at 38 Khatai Avenue, Messenat Plaza, 1st floor, AZ 1008, Nasimi district. This location serves as the bank's main administrative and operational center in Azerbaijan.

Question 4

Where does VTB Bank (Azerbaijan) operate?

Accepted Answer

VTB Bank (Azerbaijan) operates throughout Azerbaijan with an extensive network of branches and service locations in major cities and regions. The bank maintains branches in Baku (multiple locations), Ganja, Sumgayit, and other urban centers across the country.

The bank's service network extends to numerous locations throughout Azerbaijan, providing comprehensive coverage for both retail and corporate clients. As part of the VTB Group, which operates in 21 countries across Europe, Asia, and Africa, the bank provides access to international banking services while maintaining a strong local presence.

Question 5

What services does VTB Bank (Azerbaijan) offer?

Accepted Answer

VTB Bank (Azerbaijan) offers a wide range of internationally accepted banking services for both individual and corporate clients. Retail banking services include deposits, credits, mortgage lending, settlement and cash services, and safe deposit boxes.

Corporate banking services encompass business lending, cash management, trade finance, and payment processing. The bank provides processing of transfers and payments for both domestic and international transactions.

Digital banking services include Internet Banking (İnternet Bank) and mobile banking applications, allowing customers to manage their accounts and conduct transactions remotely. The bank also operates an extensive network of ATMs throughout Azerbaijan, providing 24/7 access to banking services.

Question 6

What makes VTB Bank (Azerbaijan) unique?

Accepted Answer

VTB Bank (Azerbaijan) is distinguished by its connection to VTB Group, one of Russia's largest financial institutions and a leading Russian financial group with a presence across three continents. This international network provides the bank with substantial financial backing and access to global banking expertise and resources.

As a subsidiary of VTB Bank PJSC, the institution benefits from the parent company's extensive experience in banking operations, risk management frameworks, and capital resources. VTB Group's 22.5% of shares are publicly traded on the London Stock Exchange and Russian stock exchanges (RTS and MMVB), providing transparency and international market oversight.

The bank leverages VTB Group's rich traditions and experience in financial activities while adapting its services to meet the specific needs of the Azerbaijani market. This combination of international financial strength and local market knowledge positions the bank uniquely in Azerbaijan's competitive banking sector.

Question 7

What type of financial institution is VTB Bank (Azerbaijan)?

Accepted Answer

VTB Bank (Azerbaijan) is a universal commercial bank operating as a subsidiary of VTB Bank PJSC. The bank is licensed by the Central Bank of Azerbaijan and provides a full range of retail and corporate banking services.

As a subsidiary bank, it operates under the regulatory framework of the Central Bank of Azerbaijan while benefiting from the financial strength, expertise, and international network of its parent company, VTB Group. The bank serves both individual customers and corporate clients, including small and medium-sized enterprises, with comprehensive banking solutions.

VTB Bank (Azerbaijan)

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About VTB Bank (Azerbaijan) in Azerbaijan

VTB Bank (Azerb­aijan)