Volume of deposits of individuals of VTB Bank (Kazakhstan) in the I quarter of 2014 has increased by 28.4%

27.05.2014 Following the results of the I quarter of 2014 volume of deposits of individual in the structure of deposit portfolio of VTB Bank (Kazakhstan) has increased by 28,4% in comparison with the same period of 2013.

Experts of the Bank note that average term of deposit placement for the reporting period has amounted to 36,5 months. One of the most attractive and demanded deposit proposals among customers of the Bank - is «Accumulative» deposit.

Dmitry Yakovlev, acting Deputy Chairman of the Board – Member of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «First of all, increase of deposit base is due to high interest rates. Let me also note that differential of interest rates of deposits in tenge and foreign currency stimulates growth of deposits in national currency. Thus, share of deposits in foreign currency in total deposit portfolio of individuals in the I quarter has amounted to not more than 23,7%.

VTB Bank (Kazakhstan) offers depositors the most favorable and comfortable ways to organize their personal savings on deposit programs: «Saving», «Accumulative», «Stable», «Generous VTB» and «VIP deposit». Depending on his needs, customer can make contribution in national or foreign currency, select term of deposit and periodicity of interest payments.

For reference:
SO JCS VTB Bank (Kazakhstan) - is 100% subsidiary Bank of the largest Russian OJSC VTB Bank. License of the FSA of the RK No. 1.1.259 dated 22.05.2009.
The Bank was assigned international rating at the «BB+» / «Negative» forecast level from Standard & Poor’s Agency. 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%).