Bank VTB (Kazakhstan) announces the financial results for 2011

Almaty – Subsidiary of JSC Bank VTB (Kazakhstan) publishes its financial statements on the results of 2011:

Key financial and operating performance compared to the same period last year:

• The authorized capital of 20 billion tenge, an increase of 11 billion tenge;
• The bank’s assets have grown by 2.8 times-up to 62,470 billion tenge;
• Liabilities increased by 3.3. times – up to 44,872 billion tenge;
• The share of the loan portfolio in the structure of the Bank’s assets grew by 25.4%. Growth of loan portfolio in 2011 was 35 344 million tenge, or 342.2%. Loan portfolio quality is high;
• The amount of funds in the accounts of customers and deposits continued to grow, and on December 31, 2011 reached 30 047 million tenge, significantly increased compared to 2010;
• Net interest income amounted to 1400 million tenge, an increase of 2.6 times compared to the same period last year;
• Net commission income reached 375 million tenge, an increase of 3.4 times compared to the same period last year;
• Increase in net loss of up to 1 807 million tenge (3.4.-fold compared to 2010) is associated with the planned expenditure for the development of branch network, increase staff and active growth of the Bank.

Subsidiary Bank VTB in Kazakhstan, which started its activities in 2009, is developing very rapidly, showing the excess of the targets of the business plan. In 2011 competed the construction of branch network, which now has 24 outlets, covering 17 cities in the Republic of Kazakhstan. The bank continued to introduce new products to attract customers to provide a full range of competitive banking products.

Olga Dergounova, Chairman of the Board of Directors of Subsidiary JSC Bank VTB (Kazkahstan), Member of the Management Board of VTB Bank, “Kazakhstan’s financial results at VTB Bank in the past year suggest that a balanced policy and focus on the active development has allowed the Bank securely consolidate in the banking sector of Kazakhstan. The development of the network and removing the entry of new proposals for modern banking products has contributed to the loan and deposit portfolios”.

Major events in 2011:
June  2011 – SO JSC Bank VTB (Kazakhstan) admitted to the JSC « Kazakhstan Stock Exchange » by class “member of the foreign exchange market”, with the right to participate in the exchange trading of foreign currencies;
October 2011-  has begun mass production of international payment cards for customers of the Bank. For the 2011 launched 4160 payment cards. Network of acquiring devices of the Bank has 23 ATMs and 42 POS-terminals, and covers 17 major cities of Kazakhstan.
The Bank received an international rating at «BBB-»/ forecast «Stable» from the Agency Fitch Ratings, testifying to the positive and stable financial condition.

Sergey Gusarov, Chairman of the Management Board of JSC Bank VTB (Kazakhstan):  «2011 was a year of successful development of Bank VTB (Kazakhstan) and a significant strengthening of the positions of active representatives of the banking business in the region. During the past year we provided services to over 14, 000 clients – companies and individuals, to small, medium and large businesses. Loans to large businesses in 2011 rooted in the 10 459 million tenge, or 197.3%. The Bank continued to gain market share due to the high level of confidence in the brand VTB and quality customer service».

Reference:
Information on VTB Group
VTB Bank and its subsidiaries (hereinafter – the VTB Group or the Group) is a leading Russian banking group, offering a wide range of banking services in Russia, CIS countries, Western Europe, Asia and Africa.
VTB Group is working in the fields of corporate and investment banking and retail banking.
The major shareholder of VTB is the Government of the Russian Federation (75,5%).

Information on Bank VTB (Kazkahstan)
SO JSC Bank VTB (Kazakhstan) – a  100%  subsidiary of the Russian bank VTB.
In ROK Bank is working from July 1, 2009 (license #1.1.256 FSA of ROK  from 22.05.2009), providing a full range of banking services to individuals and companies.
The Bank is represented in 17 cities of Kazakhstan.