The Lombard repo rate was raised to 9.50 percent from 9.25 percent and the deposit rate - to 6.50 percent from 6.25 percent.

Annual inflation in Kyrgyzstan reached 11.2 percent in 2021. The bank said that consumer prices rose by 0.9 percent from the beginning of this year.

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

The consumer price index rose by 10 percent year-on-year in 2021, up from 5 percent a year earlier.

The bank reported a net profit of 90.2 million manats ($53.1 million) in 2021. The bank’s assets amounted to 6.4 billion manats, 16.2 percent up from 2020.