Results of implementation of the new Strategy in the part of development of retail business of VTB Bank (Kazakhstan) for the I half of 2014
VTB Bank (Kazakhstan) announces results of implementation of the new Strategy in the part of development of retail business following the results of the I half of 2014.
Since the beginning of 2014, increase of retail portfolio (individuals
and small businesses) by the number of issued loans has amounted to – 19,9%, in monetary equivalent – 13,0%.
Experts of the Bank note that the most significant dynamics was demonstrated by: unsecured loan for consumption purposes for individual entrepreneurs «Merchant» - 114,8%, «Credit card» - 74,6%, unsecured product «Cash loan» - 22,6% and «Secured consumer loan» - 10,0%.
Dmitry Yakovlev, Deputy Chairman of the Board – Member of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «In 2014, we have revised product line of the Bank. In particular, we have changed the terms of purchase of an automobile: period of lending has increased up to 84 months, maximum loan amount – up to 20 000 000 tenge. We have also offered customers a unique product of «Easy Auto», which allows you to purchase an automobile without initial payment».
Period of lending has also been increased under the program of «Secured consumer loan» secured by real estate - from 84 to 120 months, and specially for regions the Bank has increased the ratio of loan / mortgage, which allows customers to get the largest loan amount. «We have reduced the package of documents required for issuance of unsecured loan, thus now we consider an application only by one identity document», – has added D. Yakovlev.
Within the framework of banking products developed for individual entrepreneurs and legal entities, for the reporting period the most popular product - about 42% of the total volume of loans issued to small businesses - was «Small loan». This lending program is aimed at development of businesses of our customers under projects, which do not exceed 150 000 000 tenge.
About 28% of total volume of issued loans and second place by popularity among customers is taken by lending program – «Premium Credit», within the framework of which projects up to 750 000 000 tenge are financed.
The Bank is an active participant of government programs of EDF «Damu». Thus, total amount of financed projects since the beginning of 2014 has exceeded 1,6 billion tenge. Basically there are projects in the field of production of construction materials and other non-metallic mineral products, public health and social services, as well as in the field of light industry.
By 2015, within the framework of expansion of the regional network of the Bank it is planned to open 13 branches and 7 «light» point of sales, by 2016 20 more branches of the Bank all over Kazakhstan will be opened.
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%).