VTB Azerbaijan reported a net profit of 4.213 million manats ($2.5 million) in 2021, 9.1 percent up from a year earlier.

Gross domestic product (GDP) grew by 10.6 percent year-on-year in 2021 after contracting by 6.1 percent a year earlier.

The bank raised the upper level of the rate corridor to 9.0 percent from 8.25 percent, while the lower level remained unchanged - at 6.0 percent.

SOCAR Enerji Ticaret AŞ, a subsidiary of Azerbaijan’s state energy firm SOCAR, will supply Turkey with 4 million cubic metres (mcm) of natural gas per day in February.