For 11 months of 2013 volume of deposit portfolio of individuals of VTB Bank (Kazakhstan) has exceeded 18 billion tenge

11.12.2013 As of December 1, 2013 volume of deposit portfolio of individuals of VTB Bank (Kazakhstan) including current accounts has amounted to 18 379,2 million tenge, that exceeds the similar index of the last year by 74% (as of December 1, 2012 - 10 563,7 million tenge).

Dynamics of growth of deposits volume in comparison with the index of the I half-year of 2013 amounts to – 14,4% or 2 316 million tenge (as of July 1, 2013 - 16 063,2 million tenge).

Maximum effective interest rate in national currency amounts to – 9,4%, in foreign currency – 3,6% per annum.

The Bank’s experts note that «Saving» Deposit is the most popular among investors. Its terms allow to replenish and withdraw funds at any time. The deposit could be opened in tenge, Russian rubles and U.S. dollars.

Dinara Zhakenova, Director of the Department of Retail Business Development: «We offer our clients a wide range of deposits in three major currencies with beneficial rates, which are able to satisfy both long-term and short-term interests. Steady growth of deposits of individuals confirms that depositors give credence to the Bank - only for the II half of this year we have increased deposit portfolio of individuals by more than 2,3 billion tenge».

Today VTB Bank (Kazakhstan) offers the following deposits: «Saving», «Stable», «Accumulative» and «VIP» Deposit. Advantages of these deposits are in beneficial interest rate, fixed basic interest rate and annual effective interest rate from 9,4%. Additionally, there are preferential conditions for early termination of the contract, opportunity to submit electronic application for opening of a deposit, as well as deposit management by means of Internet-banking system.

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 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%).