OREANDA-NEWS. August 18, 2010.  Bank VTB Azerbaijan, which was established with control stake  and a subsidiary of Russian Vneshtorgbank, becomes an exhibitional example of Russian investments in Azerbaijan.

On August 18, a Russian business representative in Azerbaijan Yuriy Shedrin said at a new  conference in Baku, VTB Azerbaijan, which was set up  with the capital to the sum of USD 25 million, already considers financing of not less than six  large projects in Azerbaijan.

“Their volume exceeds USD 100 million, and it is only the start,” Y. Shedrin said.

Informed sources told to Fineko/abc.az, 2010 is considered by VTB  as a preparatory stage for  vigorous activity in Azerbaijan. Activization of the bank’s operations is put off till 2011.