The financial results of VTB (Azerbaijan) CJSC for the second quarter of 2026 show predominantly negative dynamics, with key indicators continuing to decline.
The most notable drop was recorded in cash and cash equivalents. At the end of the reporting period, the bank held only 24.28 million manats, compared to 30.12 million a year earlier. The decrease of 5.84 million manats represents a 19.39% decline—one of the most serious negative signals in the report.
Deposits also fared poorly. Their total volume fell to 121.77 million manats from 140.38 million a year earlier. The loss of 18.61 million manats, or 13.25%, points to a continued outflow of client funds and declining depositor confidence.
The bank's assets also showed negative dynamics. Total assets decreased from 337.04 million manats to 336.85 million, which, while seemingly insignificant in absolute terms, reflects a steady downward trend. The annual decline was 185.91 thousand manats, or 0.06%.
The bank's liabilities also contracted to 220.68 million manats from 229.18 million a year earlier. The reduction of 8.49 million manats (down 3.71%) may indicate both lower activity and a decrease in attracted resources.
Against the backdrop of an overall decline in key indicators, lending remains the only area of growth. The loan portfolio increased to 280.62 million manats, up 43.13 million from the previous year (an 18.16% rise). However, even this figure requires cautious interpretation: expanding lending amid falling liquidity and deposits could increase risks for the bank.
The growth in consumer loans is particularly notable—up 34.07% to 141.32 million manats. Business lending increased only marginally, by 0.49% to 70.96 million manats, effectively indicating stagnation in the corporate segment.
Overall, the bank's report paints a mixed picture: while the loan portfolio shows neutral growth, most core financial indicators are declining. Falling liquidity, shrinking deposits, and reduced assets point to a weakening financial position and warrant attention from regulators and the market.