VTB News (Kazakhstan)
11 october 2012
VTB Bank (Kazakhstan) declares the financial results for 9 months of year 2012
Almaty – VTB Bank (Kazakhstan) Joint Stock Company Subsidiary Organization publishes the results of activities for 9 months of year 2012 compiled in accordance with the IFRS.
Basic financial and operating indexes in comparison with the beginning of year 2012:
- The Bank’s assets have increased by 52% - up to KZT 94 686 million;
- The liabilities have increased by 74% - up to KZT 77 862 million;
- The Bank’s loan portfolio has amounted KZT 69 262 million and increased by 52% in comparison with the beginning of the current year. The loan portfolio quality is at the higher level;
- Volume of the funds on the customers’ accounts and deposits continued growing and it has reached KZT 47 524 million as of October 1, 2012, having increased by 58% in comparison with the beginning of this year;
- The net interest income for 9 months of year 2012 has amounted KZT 2 361 million having increased 2,5-fold in comparison with the same period of the last year;
- The net commission income for 9 months has reached KZT 696 million having increased 3,2-fold in comparison with the same period of the last year;
- The Bank incurs the planned expenses within the frameworks of infrastructure development and existing business-processes updating program that fully complies with the strategic tasks put to the Bank. The Bank’s loss for 9 months of year 2012 has amounted KZT 773,5 million that is better than this index for the same period of the last year by KZT 142 million.
VTB Bank (Kazakhstan) continued the active policy of lending to business – a source of 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.