VTB Bank (Kazakhstan) has opened the first universal department – Almaty Branch


The Almaty Branch has opened the doors for guests and dweller of the south capital at the address: 39 “a”, Gogol St. Banking services will be rendered to corporate and private customers over the area of approximately 400 sq. meters. The Branch offers the following services:  processing of deposits, loans granting, transfer of funds, cash settlement and swaps transactions.

Opening of the Almaty Branch is the first stage of the major project of VTB Bank (Kazakhstan) with respect to expansion of the branch network in the Republic.

A guest of honor of the opening ceremony was the Akim of Medeuskiy District Mr. M.B. Beidali cutting the ribbon together with the Chairman of the Board of Directors of Subsidiary  VTB Bank (Kazakhstan) JSC Mr. Ye.A. Nemerinskiy.

VTB Bank (Kazakhstan) is a subsidiary of the largest Russian financial organization VTB Bank OJSC, the major shareholder of which is the Government of the Russian Federation. The Bank has been established to support the traditionally friendly, business and partnership turnover between Russia and Kazakhstan. The company plans to render the services with respect to settlement and savings products, as well as development of crediting and networks.

We are ambitious, full of strength and have all resources for active work in Kazakhstan, - Sergey Gussarov, the Chairman of the Management Board of SB VTB Bank (Kazakhstan) JSC, said. – Our competitive advantage lies in a team of professionals and strength of VTB Group due to which we can render services to our customers in more than 20 countries all over the world. By opening the first branch in Almaty we offer profitable and competitive products a range of which will be expanded from day to day.

For reference only:

VTB Bank (Kazakhstan) obtained the License of the Agency of the Republic of Kazakhstan on Financial Supervision on the 22nd of May 2009, has proceeded the work since the 1st of July, 2009 and specialized in servicing of legal entities. Opening of the Branch in Almaty is the first step with respect to development of retail direction of the Bank’s activities. The Authorized Capital Stock of the subsidiary bank is 9 milliard tenge. Before the year 2010 is out the Bank is going to open 2 departments in Almaty and 6 branches in the cities: Astana, Ust-Kamenogorsk, Karaganda, Aktobe, Pavlodar and Atyrau.

VTB Group is a leading Russian financial group rendering a wide range of banking services in Russia, CIS countries, countries of Western Europe, Asia and Africa,
Sales network of the Group consists of 941 offices in Russia, CIS countries and Europe. Outside Russia the Group carries out its activities through five subsidiary banks in the CIS countries (Armenia, Ukraine, Belarus, Azerbaijan and Kazakhstan), subsidiary bank in Georgia, five subsidiary banks in the countries of Europe (Austria, Germany, France, Great Britain and Cyprus), one subsidiary bank  and one financial company in Africa (Angola, Namibia), as well as associated bank in Vietnam. Offices of the British Investment Bank of VTB Group work in Singapore and United Arab Emirates, moreover the Group has branches in India and China.
As of the 31st of May 2010 VTB Group was the second largest financial group of Russia with respect to assets (3,362 milliard roubles) and customers’ funds (1,554.5 milliard roubles).
The major shareholder of VTB is the Government of the Russian Federation which holds 85.5% interest in the authorized capital stock of the Group through the Federal Agency for State Property Management.