SOFAZ receives nearly AZN 7M dividend from VTB last year

In 2017 State Oil Fund of Azerbaijan (SOFAZ) received RUB 402,154,826 or USD 6,920,672 from VTB Bank, SOFAZ told APA-Economics.

SOFAZ has totally received RUB 1,605,182,082 or USD 32,192,942 since the first investment was made in VTB Bank.

SOFAZ acquired 2.95% equity in VTB Bank through buying shares worth $500 million in 2013.  


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