VTB Bank (Kazakhstan) has improved lending conditions for small businesses

26.06.2014 Specially in order to meet wishes of customers-representatives of small businesses, VTB Bank (Kazakhstan) has improved terms on products of «Overdraft for small businesses» and «Car loan for small businesses».

Maximum amount of overdraft has increased from 50 000 000 tenge to 75 000 000 tenge for entrepreneurs who operate in Almaty and Astana.

Maximum loan amount for purchase of vehicles has also increased up to 75 000 000 tenge, maximum lending term for purchase of foreign-made car (from the secondary market with exploitation period from 10 to 13 years) has increased up to 4 years - these terms are available for entrepreneurs that operate in all regions of the Bank’s presence.

Following market trends and high demand for products from China, VTB Bank (Kazakhstan) also offers loans for purchase of Chinese-made vehicles from the primary market (except for cars and passenger vehicles).

Dmitry Yakovlev, Deputy Chairman of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «Increasing maximum lending amount, we want to demonstrate to our real and potential borrowers that the Bank is ready to consider and lend to large projects for small business development. Following the results of 2013, loan portfolio of small businesses has amounted to more than 20,4 billion tenge, growth rate has amounted to 119%. In accordance with the strategy of retail business development, we plan to increase volumes of lending to small businesses by expanding the range of services and product line».

Procedure of obtaining loans on products of «Overdraft for small businesses» and «Car loan for small businesses» remains maximally beneficial with individual approach to needs of each entrepreneur and company.

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%).