In 2013, volume of transactions of trade financing and documentary operations of VTB Bank (Kazakhstan) has exceeded 31,9 billion tenge
14.02.2014
Since beginning of 2013, VTB Bank (Kazakhstan) has conducted 2,9 thousand operations with instruments of trade financing and documentary forms of settlements totaling more than 31,9 billion tenge. Thus, in comparison with results of 2012, number of transactions increased by 2,1 times, that is equivalent to growth of 112% - 1,4 thousand transactions totaling 19,3 billion tenge were conducted following the results of 2012.
Olga Emelyanova, Director of the Department of Corporate Business Development of Subsidiary JSC VTB Bank (Kazakhstan): «Availability of international network is one of significant competitive advantages of VTB Group. Services Kazakhstani Subsidiary Bank in the part of trade financing contribute to expansion of international cooperation. Positive dynamics of growth of the volume of transactions was largely due to active sales to corporate clients of banking products and cross-selling of services of VTB Group companies».
VTB Bank (Kazakhstan) actively develops transactional business, offering documentary operations with use of all types of bank guarantees and letters of credit, as well as complexly structured transactions for organization of trade financing involving foreign banks and development banks.
The most popular products are guarantees of fulfillment of contractual obligations related to creation of various infrastructures and implementation of large projects, followed by advance repayment guarantees, customs and tender guarantees.
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 amounts to 24 points of sales.
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%).