VTB Bank (Kazakhstan) notes the growth of interest in the products for individuals and small business

20.03.2014 Dynamics of sales increase for the 1st quarter of this year, large flow
of the customers in the Bank’s outlets all over Kazakhstan give evidence that interest in the financial offers of Kazakhstan Subsidiary VTB Bank increases.

In particular, interest of the customers-individuals in loaning services (“Cash loans”, “Auto loan” and “Secured consumer loans”) and term deposits (“Accumulative”, “Stable”, “Savings”) has been growing. As before, the entrepreneurs are mostly interested in small business loaning programs and overdrafts.

Yakovlev Dmitriy Yevgenyevich, Retail Business Development Advisor of the Chairman of the Management Board of VTB Bank (Kazakhstan) JSC SO, comments, “The intensive growth of interest in the Bank’s services is, in our opinion, first of all, related to extension of the entire products line and increase of Kazakhstan citizens confidence in the Bank. Stable financial condition of VTB Bank and liquidity at excellent level make it possible to offer our customers a growing number of new profitable products.”

According to Dmitriy Yakovlev, a pilot project of new credit product “Businessman” in 4 cities of the country is planned to be launched for the representatives of small business at the beginning of April 2014 within the frameworks of the Retail Business Development Strategy.

Dmitriy Yakovlev added, “We are striving to simplify the procedure of entrepreneurs loaning to the maximum possible extent. The essence of “Businessman” loan is the Bank may issue the loan to an entrepreneur for the customer purposes as to an individual as soon as possible subject to the terms and conditions profitable for the customer. We expect this loan would be included into a number popular products of the Bank since there are no analogues thereof at Kazakhstan market.”

For reference:
VTB Bank (Kazakhstan) JSC SO – is 100% subsidiary Bank of the largest Russian VTB Bank OJSC. License of the Financial Supervision Agency of the RK No 1.1.259 dated 22.05.2009.
The Bank is awarded with international rating at “BBB-“/”Stable” forecast level from Standard & Poor’s Agency that gives evidence of the Bank’s positive and stable financial condition. The branch network of VTB Bank (Kazakhstan) covers 17 cities and amounts to 24 sales points.
VTB Bank and its subsidiaries form the international financial group which carries out its activities at Russian and foreign markets. VTB Group is above 30 banks and financial companies in 20 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – Government of the Russian Federation (60,9%).