Almaty –Subsidiary of Joint Stock Company Bank VTB (Kazakhstan) publishes its financial statements as at 01.04.2012:
Key financial and operating performance compared with the beginning of 2012:
The growth of assets due to loans issued and the acquisition of trading securities. Loan portfolio quality remains high, the level of provisions in relation to the Bank’s loan portfolio amounted to 1%, or 541 million tenge.
Bank VTB (Kazakhstan) continues active lending policies of the business- the source of new jobs in the regions of presence, expanding its range of retail products and also increases the safety of banking operations.
The development of the branch network continues to provide some pressure on the Bank’s financial results, but at the same time it should be noted a significant increase in interest income and operating income related to business growth. The Bank has planned expenditures under the program for the development of the branch network that is fully consistent with the Bank delivered an ambitious task.
SO JCS Bank VTB (Kazakhstan) a 100% subsidiary of Russia’s largest bank OJSC VTB.
License #1.1.259 FSA of ROK on 22.05.2009.
The international rating agency Fitch Ratings has assigned ratings to the Bank at «BBB-» with a stable outlook, reflecting the positive and stable financial condition of the Bank.
VTB Bank and its subsidiaries form an international financial group, lending its work on domestic and foreign markets. VTB Group – has more than 20 banks and financial companies in 19 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB is The Government of the Russian Federation (75.5%).
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