Since the beginning of 2014 mortgage portfolio of individuals of VTB Bank (Kazakhstan) has increased by 15%
Following the results of the first half-year of 2014, mortgage portfolio of VTB Bank (Kazakhstan) has increased by 15%. The volume of mortgage loans in the total amount of issued loans has amounted to - 8%. The average loan amount for today is about - 9 million tenge.
Dmitry Yakovlev, Deputy Chairman of the Board – Member of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «In 2014, VTB Bank (Kazakhstan) continues to demonstrate a positive trend in the mortgage market. In March, growth of mortgage loan portfolio in comparison with the same period of 2013 has amounted to – 12,4%, today this indicator has increased by 2,6%. Basically Kazakhs purchase secondary real estate in Astana, Almaty, Kostanay, Pavlodar and Semey».
Kazakhstani subsidiary VTB Bank has launched mortgage lending in 2011. Within a short period, the Bank has demonstrated a positive trend: mortgage portfolio has reached 5 billion tenge, which means public confidence in the Bank.
VTB Bank (Kazakhstan) offers loans for purchase of residential or commercial real estate in KZT and USD. Maximum loan amount - up to 120 million tenge, maximum term - 20 years.
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%).