In 2013 volume of Contact money transfers through VTB Bank (Kazakhstan) has increased by 43%

17.01.2014 Following the results of 2013 volume of transfers of Contact payment system, sent and paid through VTB Bank (Kazakhstan), has increased by 1,4 times or by 43% in comparison with 2012.

14 862 transfers totaling 18,1 million US Dollars (against 10 467 transfers totaling 11 million US Dollars - in 2012) have been executed during the reporting period. Number of paid transfers has amounted to 5765 totaling 3,8 million US Dollars (against 3980 paid transfers totaling 3,1 million US Dollars - in 2012).

Prevailing share of sent transfers was executed in US Dollars, of payments - in Russian Rubles. Herewith Russia, Uzbekistan and Kyrgyzstan have entered the TOP-3 of priority directions of money transfers.

Cities which are the leaders on the use of Contact payment system include: Almaty, Taraz, Kokshetau, Atyrau and Shymkent.

Dinara Zhakenova, Director of the Department of Retail Business Development of Subsidiary JSV VTB Bank (Kazakhstan): «Our Bank is committed to provide the most convenient and comfortable financial servicing. In partnership with Contact system VTB Bank (Kazakhstan) offers money transfers across Kazakhstan and to the countries of near and far abroad without opening a bank account. Wide geography of transfers - more than 90 countries on all continents and developed network of points of receiving transfers - are the main advantages of this system. Furthermore, commission fee has been reduced and maximum amount of transfer has been increased since the New Year».

It was previously reported that from January 1, 2014 commission fee charged from sender of money transfer to the countries of near abroad has been reduced to 1,5% of the amount of transfer, but not more than 1650 rubles or 50 dollars/euros. Maximum amount of money transfer to the countries of near abroad is amounted to 600 000 rubles or 20 000 dollars/euros. When executing money transfers to the countries of far abroad, maximum amount and commission fee varies depending on direction.

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%).
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,