VTB Bank (Kazakhstan) actively lends business within the framework of state programs

05.12.2013 Kazakhstani subsidiary VTB Bank actively participates in state programs of business development financing.

Within the framework of state program «Business Road Map-2020» the Bank has financed 63 projects worth more than 8 billion tenge (as of 01.11.2013), including mid-sized and small businesses.

Within the framework of state programs VTB Bank (Kazakhstan) finances companies operating in priority sectors of the
country’s economy: transport, manufacturing, health care,
social services, etc.

The Bank has sent more than 3,3 billion tenge to finance agriculture within the framework of subsidy program of agricultural sector of the Ministry of Agriculture of the Republic of Kazakhstan.

Within the framework of state program «Damu Regions III», which is aimed at business development taking into account regional priorities, the Bank has financed 23 companies worth more than 500 million tenge.

Priority direction of international strategy of VTB Group is a business development in Kazakhstan. Accordingly, participation of VTB Bank (Kazakhstan) in state programs contributes to qualitative development of entrepreneurship in the country.

Sergey Gusarov, Chairman of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «Head of State – N.A. Nazarbayev has set the task to increase the share of SMEs in total volume of manufacturing by at least 40%, by 2020. Our Bank is actively involved in state programs of business financing. We are confident about perspectives of 2014, expecting that next year we will help the development of bigger number of companies».

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.

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%).
VTB Group provides full range of financial services, including bank servicing of private and corporate customers, investment and banking and additional financial services including leasing, factoring, insurance and pension coverage.