Bank VTB (Kazakhstan) announced financial results as per 3rd quarter 2011 year


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:

  • The authorized capital made up 20 billion tenge, increasing by 9 billion tenge;
  • The bank`s assets increased 2 times - up to 46 348 million tenge;
  • Liabilities increased 2 times - up to 27 858 million tenge;
  • The loan portfolio of the Bank totaled on 29 584 million tenge and increased 3 times compared to the beginning of the year 2011. Level of the loan portfolio quality is very high;
  • The amount of funds on accounts and customer deposits continued to grow, and as of October 1, 2011 reached 22 952 million tenge, significantly increasing compared with the beginning of the year 2011;
  • Net interest income for the nine months has amounted to 963 million tenge, increasing 3 times over the same period of the previous year;
  • Net fee and commission income for the nine months has reached 218 million tenge, increasing by 3.3 times compared to the same period of the previous year.


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.