Almaty - Subsidiary Organization of Bank VTB (Kazakhstan), Joint Stock Company publishes its financial statements as of 01.10.2011.
Key financial and operating performance compared to the beginning of the year 2011:
During the period from January to October 2011, Bank VTB (Kazakhstan) has opened 11 branches in the cities of Aktobe, Semey, Taraz, Shymkent, Kokshetau, Taldykorgan, Kyzylorda, Uralsk, Kostanay, Aktau, Petropavlovsk, as well as additional office space in Almaty and Astana .
At present, the Bank has its branch network in 17 cities of Kazakhstan, a total of 24 retail outlets.
Accordingly, the active growth of the branch network has a certain impact on financial results from the viewpoint of gaining profit. The Bank incurs planned expenditures in the limits of the program of the branch network development which is fully consistent with the ambitious tasks set forth to the Bank.
Bank VTB (Kazakhstan) continued an active policy of business credit- the source of additional working places in the regions of presence, expanded the line of its retail products, as well as increased security of banking transactions execution.
SO JSC Bank VTB (Kazakhstan) – is a 100% subsidiary of Russia`s largest OJSC Bank VTB.
The Bank is awarded an international rating at “BBB-” level / forecast "Stable" as per the Fitch Ratings Agency, which indicates its positive and stable financial condition.
Bank VTB and its subsidiaries constitute international financial group carrying on business on Russian and foreign markets. VTB Group – is more than 20 banks and financial companies in 19 countries of CIS, Europe, Asia and Africa. The main shareholder of VTB – is Government of the Russian Federation (75.5%).
VTB Group provides full range of financial services, including personal and corporate banking, investment-banking and additional financial services, including financial lease, factoring, insurance and retirement insurance.
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