Share of loans for purchasing cars from showrooms in the retail portfolio of VTB Bank (Kazakhstan) has amounted to 26%

As of 01.03.2014 share of loans for cars, purchased in car showrooms - partners of the Bank, in the retail loan portfolio of VTB Bank (Kazakhstan) has amounted to 26%.

Experts of the Bank note that during the reporting period cars produced in Kazakhstan, as well as foreign-made cars in the price segment up
to 4,5 million tenge were the most popular among clients.
The average amount of auto loan has amounted to 1,9 million tenge.

Dmitry Yakovlev, Advisor to the Chairman of the Board of Subsidiary JSC VTB Bank (Kazakhstan) for retail business development: «There are two auto-lending programs in the Bank: "Auto-loans to individuals (car showrooms and secondary market) and special program from the Bank's partner – KMC «Astana Motors». In 2014, we plan to expand the circle of cooperation with car showrooms by offering mutually beneficial conditions for partners and clients of the Bank».

VTB Bank (Kazakhstan) provides loans for purchasing cars in tenge, US Dollars and Russian rubles. Minimum loan amount amounts to - 450 thousand tenge, maximum – 15 million tenge. It is possible to fill the preliminary application for getting auto-loan on the web-site of the Bank.

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%).