VTB News (Kazakhstan)

5 february 2013

VTB Bank (Kazakhstan) develops transaction business

VTB Bank JSC (Kazakhstan) SO plans to develop the transaction business actively; for this purpose the special new subdivision of transaction business (Global Transaction Banking) was created in the Bank’s corporate block structure. The specialists call the transaction business the “line of life” for all bank transactions. Regardless of a financial transaction held between a customer and the bank, the necessity in cash flow, liquidity and floating capital management always arises.

VTB Bank (Kazakhstan) is ready to offer the wide line of transaction business products: settlement and cash services – payments and transfers in KZT/foreign currency, cash transactions, conversion transactions and foreign exchange regulations; liquidity management products – solutions for the companies with wide network of the branches to unite the resources available for them; individual solutions for the treasuries to centralize the settlements, budgeting, consolidation of all funds on the accounts, bank contributions; trade financing products – documentary letters of credit and encashment, bank guarantees and financing from the international financial institutions. And everything this is based on the bank platforms technologically complex and simultaneously oriented towards a customer. A wide range of VTB Group makes it possible to perform everything this not only at the local level but with attraction of our customers throughout the geographic presence of the Group.

Our products and services help to increase the operational and financial efficiency of the company, to optimize the floating capital, to decrease the risks and reduce the expenses. We aim to become not only a servicing bank for a customer but his real partner.

Zhanar Yerzhanova who has the experience of work in this field not only in Kazakhstan banks but in banks with foreign participation has headed a new division of transaction business of VTB Bank (Kazakhstan) JSC SO. She will deal with development of transaction business of VTB Bank (Kazakhstan) JSC SO together with new team of young, highly-qualified and active specialists.