Supervisory Council

The Supervisory Board of VTB Bank (Azerbaijan) is valid under the legislation of the Azerbaijan Republic, the Bank's Charter, the provisions of the Supervisory Board and other internal documents of the Bank. The Supervisory Board includes general management of the activities of the Bank, except for the issues referred by the legislation and the charter of the Bank to the competence of the General Meeting of Shareholders.

Denis Aleksandrovich Bortnikov  

Chairman of the Supervisory Board

Since 2011 - JSC VTB Bank, Head of the North-West Regional Center, Senior Vice President. November 2011: Member of VTB Bank Management Board. May 2017: Deputy President and Chairman of VTB Bank Management Board.

2007 – 2011 - JSC VTB Bank North-West, Deputy Chairman of the Management Board, First Deputy Chairman of the Management Board, Chairman of the Management Board.

2006 – 2007 - Deputy Head of JSC Vneshtorgbank Branch in St. Petersburg.

2004 – 2006 - Advisor to General Manager of the North-West Branch of GUTA-BANK, Deputy General Manager of the North-West Branch.

1996 – 2004 - JSC Industry and Construction Bank (to be renamed in June 2007 to JSC VTB Bank North-West). Consultant with Liquidity Management Department, Consultant with Transfer Operations Department, Consultant with the Department of Financial Instruments, Senior Consultant with the Brokerage Department, Chief acquiring and authorization expert, Head of the Acquiring and Authorization Department.

1974 - Born in the Leningrad region.


Rasullu Rashad Farkhad oglu

Deputy Chairman of the Supervisory Board   

Rasullu Rashad Farkhad oglu has been appointed a member of the Supervisory Board of Bank VTB (Azerbaijan) in 2013.

Previously held positions: 

2002-2004 – Central Bank of Azerbaijan Republic, a leading specialist for Public Relations and Serial Publications Division, a leading inspector for Public Relations Services. 

Since 2004 up to now – “AtaHolding” JSC, the head of Human Resources and Public Relations Department, the head of Secretariat, Director of Department of Secretariat, Advisor to the Chairman of the Supervisory Board, Deputy of the Chairman of Management Board.  

Since 2007 up to now – ATIB, Deputy Secretary General of ATIB. 

Since 2011 up to now – “Ata Leasing” JSC, member of the Supervisory Board.

In 2000 graduated from the faculty of International Relations of Azerbaijan State University of Economy. In 2002 graduated from the Magistrates on specialty International Economic Relations of Azerbaijan State University of Economy.

Born in 1980.


Aghayev Gorkhmaz Sirajaddin oglu

Member of the Supervisory Board  

He has been appointed a member of the Supervisory Board of OJSC VTB Bank (Azerbaijan) in 2016.  

Previously held positions: 

Since 2016 - «Azerbaijan Global Investments», Legal adviser

05.01.2015-05.01.2016 – “Caspian Development Bank”, Member of the Supervisory Board  

Since 2014 - “AtaBank”, Member of risk management committee

01.02.2013 – “AtaBank”, Chief Legal counselor of Chairman of the Management Board

01.02.2016 – “AtaHolding”, Director of Legal department

05.01.2011-05.01.2013 – “CLC Law Firm” , Managing Partner

01.10.2007-05.01.2011- “Bank of Baku”, Director of Legal department

01.07.2006 – “Bank of Baku”, Head of Corporate law division

05.09.2005-01.07.2006 – “Bank of Baku”, Lead specialist of Corporate law division

01.02.2005-05.09.2005 – “AtaConsulting”, Director of Legal services department

09.11.2004-01.02.2005- “AtaConsulting” , Lawyer of Legal services department

09.02.2004-09.11.2004- Baku State University and Administration Academy under the President of AR Teacher (Civil law, Commercial law, Tax law and Labour law)

In 2001 graduated from the Law faculity of Baku Stat University. In 2003 graduated from the Magistrates on specialty Civil and Commercial law, in 2004 graduated from post-graduate courses on specialty Financial, Administration and Information law. 

He was born in 1980. 


Popov Dmitriy Serqeyevich

Member of the Supervisory Board 

It has been appointed a member of the Supervisory Board of OJSC VTB Bank (Azerbaijan) in 2016.  

In June 2014 he was appointed Vice President, Director of the Department of Strategy and Development of Retail Business of VTB Group.

In 2012, he moved to VTB24 CJSC, where he headed the Retail Business Strategy Department since its inception in the position of Vice President, Head of Department.

In 2009 started working in the Strategy and Corporate Development Department (SCDD) JSC VTB Bank as Director, Managing Director, and later as the Head of Corporate Development Department, SCDD.

In 2006, he left the company for McKinsey & Company, where he worked as a consultant on projects in the fields of finance, banking and oil and gas industry with a focus on strategy development, marketing and sales.

In 2005 he graduated from the Economics Faculty of the State University - Higher School of Economics. In 2013-2014, he passed a series of training programs (executive education) in the Stanford Graduate School of Business.

Since 2003 he worked in the Moscow Reinsurance Company ("Moscow Re” OJSC), starting with the trainee, and the last position as Director of Finance and Investment Department.

Was born in 1983 in Samara.    


Tsarev Sergey Vladimirovich

Member of the Supervisory Board 

Previously held positions: 

04.1998 – 11.1998 - State Specialized Russian Export-Import Bank  (Roseximbank): Economist of bank loans and guarantees Unit of credits and guarantees Division of crediting and clients settlement servicing Department 

12.1998 – 12.2000 - JSCB "Eurofinance": the assistant to the First Deputy Chairman of the Management Board.  

01.2001 – 08.2001 – OJSC Khanty-Mansiysk bank (the Moscow branch): the chief expert of Treasury.
08.2001 – 12.2001 - Bank «Central society of the mutual credit» (OJSC): the adviser of the Chairman of the Management Board.

12.2001 – 06.2005 - The International Investment Bank: the senior officer of investment lending Division.

07.2005 – to date - OJSC VTB Bank: Managing director of Central Asia banks unit of CIS banks coordination Division of Subsidiary banks Department.

In 2000 graduated from Finance Academy under Russian Federation Government in "World Economic"

Born in 1978, Moscow, Russian Federation.