VTB Bank (Kazakhstan) has increased the volumes of the bank guarantees being rendered 2,5-fold

06.12.2013 VTB Bank (Kazakhstan) has been actively developing cash & liquidity management since 2012 today demonstrating a significant growth in development on all basic directions thereof.

For 11 months of 2013, VTB Bank (Kazakhstan) has increased the volumes of the bank guarantees being rendered up to KZT 18 billion having exceeded the similar index of the last year 2,5-fold.

The volume of the legal entities’ time deposits in 2012 amounted to KZT 26 billion meanwhile in 2013 this index has been increased two-fold up to KZT 52 billion.

The product line of cash & liquidity management of VTB Bank (Kazakhstan) includes two main directions: passive and clearing transactions as well as documentary credit operations and trade financing.

Olga Yemelyanova, Director of the Corporate Business Development Department, VTB Bank (Kazakhstan), comments, “We offer the companies with a wide network of the branches in different corners of the country different solutions to unite the resources owned by them. If our customers keep business abroad, then the Bank offers to make the international payments and foreign exchange regulation.”

For the purposes of prompt execution of all these transactions and optimization of the customers’ costs and processes, the Bank offers to use a new service of Internet-Banking for the legal entities within the frameworks of which the customers may receive all bank services remotely without leaving the office.

O. Yemelyanova clarified, “VTB Bank was always a leader in keeping cash & liquidity management. We offer the trade finance transactions. We offer the trade finance transactions using all types and constructions of the bank guarantees and letters of credit and transactions structured in a complicated way on arrangement of the trade financing attracting the foreign banks and development banks.”

The most demanded products are the guarantees of obligations performance under the contracts related to creation of different infrastructure and implementation of major projects; guarantee of the advance payment return, customs guarantees and, certainly, bid guarantees are also in demand.

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 Standard & Poor’s Agency that gives evidence of the Bank’s positive and stable financial condition.

VTB Group is above 30 banks and financial companies in 20 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – Government of the Russian Federation (60,9%). 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.