Small business loan portfolio of VTB Bank (Kazakhstan) has increased by 46%
Following the results of 2013, small business loan portfolio of VTB Bank (Kazakhstan) has increased by 46% in comparison with the same period of 2012 and amounted to 20,4 billion tenge.
The most active entrepreneurs took out loans in the second half of 2013.
In particular, August, November and December have become the most effective months for business. Currently, more than 700 organizations belonging to the segment of small business are clients of VTB Bank (Kazakhstan).
Dmitry Yakovlev, Advisor to the Chairman of the Board of Subsidiary JSC VTB Bank (Kazakhstan) for retail business development: «In 2013 entrepreneurs have actively used loan funds for financing current activities and development of new areas. Product with the most favorable terms called «Small loan» was the most popular among representatives of small business – about 38% of clients have used it. Interest of our clients in this type of lending is due to flexible system of pledge security, short terms for consideration of applications and beneficial interest rate».
Bank tries to take into account all individual features of business of its clients, and in 2014 we will continue to pay special attention to this key client segment of retail business.
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%).