Bank VTB (Kazakhstan) has launched mortgage lending


On the 26th of September 2011 the subsidiary bank of the largest Russian Bank VTB (Kazakhstan) SO JSC began to grant mortgage housing and commercial loans.

VTB08-0071.jpgAmount of a loan – from 1,5 million tenge up to 75 million tenge, mortgage loan may also be obtained in US dollar and Russian ruble. A loan is granted for a period from 12 months to 20 years.

A product, which is new for the Kazakhstani Bank VTB, was made on the basis of analysis of situation in the mortgage lending market. The Bank has already taken into consideration wishes of clients, conditions and tariffs of other banks, experience and technologies of retail Bank VTB24 (Russia), and has granted a loan, which is competitive and advantageous for private persons.

Sergey Gussarov, the Chairman of the Management Board of Bank VTB (Kazakhstan) SO JSC: “Mortgage is a priority product in the line of retail trend of our Bank, launch of which confirms the fact that the Kazakhstani subsidiary Bank combines firm positions in financial markets, international experience and scale that is a guarantee of our strength and safety”.

For information only:
Bank VTB (Kazakhstan) Subsidiary Organization JSC is a 100% subsidiary Bank of the largest Russian Bank VTB OJSC.
VTB Group is represented by more than 20 banks and financial companies in 19 countries of the CIS, Europe, Asia, and Africa. Major shareholder of VTB is the Government of the Russian Federation (75,5%).
The authorized capital stock of “Bank VTB (Kazakhstan)” amounts to 20 billion tenge.
The subsidiary Bank is functioning in the Republic of Kazakhstan from the 1st of July 2009. At the present 15 branches are opened in the following cities: Astana, Almaty, Aktobe, Atyrau, Karaganda, Kokshetau, Pavlodar, Semei, Taraz, Ust-Kamenogorsk, Shymkent, Taldykorgan, Kyzylorda, Uralsk, Kostanai.
The Bank offers a wide range of retail loans: financing of small and medium-scale business, collateral-free to the amount of up to 3 000 000 tenge and on the security of real estate, as well as car loans.