For 9 months of 2013 VTB Bank (Kazakhstan) has given out 11,5 billion tenge of credit funds to small business
VTB Bank (Kazakhstan) has demonstrated significant increase of its portfolio of loans to small business for 9 months of 2013. In comparison with the same period of 2012, increase made 228%.
Intensive growth is related, first of all, to expansion of the product line specifically for small business: in 2012, VTB Bank (Kazakhstan) offered entrepreneurs a new product called – «Quick loan». The loan is designed in accordance with needs of SBL and aimed at obtaining of financing in a short time according to simplified scheme of financial analysis of borrowers.
VTB Bank (Kazakhstan) actively participates in government programs aimed at entrepreneurship support in the Republic of Kazakhstan, such as «Business Road Map 2020» Program; Budget Subprogram 100 of the Ministry of Agriculture «Reimbursement of interest rate on loans (leasing) for agriculture support »; Program of financing of regional priority projects of small and medium business subjects «Damu regions III».
Dinara Zhakenova, Director of the Department of Retail Business Development of Subsidiary JSC VTB Bank (Kazakhstan): «During 9 months of 2013, our Bank has given out 11,5 billion tenge of credit funds to small business, thus, small business lending increased in comparison with the same period of 2012 by 183%. Small business is one of the key client segments of retail business. The main feature of small business lending in our bank is an individual approach to each client».
For reference:
SO JCS VTB Bank (Kazakhstan) - is 100% subsidiary Bank of the largest Russian VTB Bank OJSC.
License of the FSA of the RK No. 1.1.259 dated 22.05.2009.
The Bank was assigned international rating at the «BBB-» / «Stable» forecast level from Standard & Poor’s Agency that indicates its positive and stable financial condition.
The branch network of VTB Bank (Kazakhstan) covers 17 cities and makes 24 points of sale. VTB Bank and its subsidiaries form international financial group which conducts its activities in Russian and foreign markets. VTB Group consists of more than 30 banks and financial companies in 20 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – is the Government of the Russian Federation (60,9%).