VTB Bank (Kazakhstan) notes growth of population’s interest to deposits

20.02.2014 Following the results of January 2014, share of deposits of Subsidiary JSC VTB Bank (Kazakhstan) for a period exceeding 12 months has increased by 11%, reaching 61% of total portfolio of deposits in comparison with the same period of 2013. This fact indicates
increase of trust of population of Kazakhstan in deposits
of VTB Bank (Kazakhstan).

Noting trend of increasing of deposit term, the Bank's experts have
also reported that during reporting period, deposit portfolio of individuals has increased by 81% or 1,8 times in comparison with
the results of January 2013.

Sergey Gusarov, Chairman of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «We offer our clients reliability which is guaranteed by reputation of VTB Group. Deposit programs of VTB Bank (Kazakhstan) are developed taking into account needs of different categories of depositors and provide preferential conditions in case of early termination of a contract, an opportunity to submit electronic application for opening a deposit, as well as deposit management by means of system of remote banking service».

Maximum effective interest rate on deposits of individuals in national currency amounts to – 9,4%, in foreign currency – 3,6% per annum. Interest rates on deposits of legal entities are established individually depending on amount and term of a deposit.

VTB Bank (Kazakhstan) is a member of the system of obligatory deposit insurance.

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%).