VTB Bank (Kazakhstan) declares the financial results for the first half of year 2012


Almaty – VTB Bank (Kazakhstan) Joint Stock Company Subsidiary Organization publishes the financial statements as of 01.07.2012:

Main financial and operational indexes in comparison with the beginning of 2012:

  • The Bank’s assets have increased by 41% – up to KZT 88 001 million;
  • The Bank’s liabilities have increased by 57% - up to KZT 70 597 million;
  • The Bank’s loan portfolio have amounted KZT 63 040 million and increased by 38% in comparison with the beginning of 2012. Loan portfolio quality is at high level;
  • The volume of funds on the customers’ accounts and deposits continued growing and it has reached KZT 40 736 million as of July 01, 2012, having increased by 36% in comparison with the beginning of 2012;
  • The net interest income before formation of the loan losses reserves for the first half of year 2012 has amounted KZT 2 085 million having increased fourfold in comparison with the same period of the last year;
  • The net commission income for 6 months has reached KZT 412 million, having increased 3,5-fold in comparison with the same period of the last year.

The Bank bears planned expenditures within the frameworks of development and updating of the existing business-processes that completely corresponds to the strategic tasks put to the Bank.

VTB Bank (Kazakhstan) has obtained the principal status of the bank-member of Visa International Payment System on July 04, 2012.

In March, 2012, the Bank together with Ernst&Young International Auditor Company has performed audit of the business-processes and procedures existing in the Bank within the frameworks of IT development strategy working-out.

VTB Bank (Kazakhstan) continued active policy of loaning of business – source of the additional working places in the regions of presence, extended the retail products line and increased safety of the bank transactions.

For reference:

VTB Bank (Kazakhstan) JSC SO – is 100% subsidiary Bank of the largest Russian VTB Bank OJSC.

License of the Financial Supervision Agency of the RK No 1.1.259 dated 22.05.2009.

The Bank is awarded with international rating at “BBB-“/”Stable” forecast level from Fitch Ratings Agency that gives evidence of the Bank’s positive and stable financial condition.

VTB Bank and its subsidiaries form international financial group which carries out its activity at Russian and foreign markets. VTB Group consists of above 20 banks and financial companies in 19 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – Government of the Russian Federation (75,5%). VTB Group has been rendering a complete range of the financial services, including bank service of private and corporate customers, investment and bank and additional financial services including leasing, factoring, insurance and pension coverage.