Movable and immovable property appropriated by Georgian VTB Bank increase

BAKU, Azerbaijan, November 4 By Tamilla Mammadova – Trend: Movable and immovable property appropriated by Georgian VTB Bank in the third quarter of 2020 amounted to 9.69 million lari ($2.9 million), compared to 9.11 million lari ($2.8 million) in the same period of last year, Trend reports via Georgian media. In 9 months of this year, the total assets of VTB Bank amounted to 1.94 billion lari ($599.9 million). In the third quarter of 2019, the bank’s total assets amounted to 1.67 billion lari ($516.4 million). According to the data for the third quarter of 2020, the movable and immovable property appropriated by the five largest banks such as Georgia Bank, TBC, Liberty Bank, VTB Bank, and Basisbank amounted to 213.62 million lari ($66.05 million). VTB Bank is one of the leading universal banks in Russia. VTB Bank and its subsidiaries form a leading Russian financial group – VTB Group, offering a wide range of banking services and products in Russia, CIS, Europe, Asia, Africa, and the US. --- Follow the author on Twitter: @Mila61979356