Following the results of 2014 the volume of retail deposits of VTB Bank (Kazakhstan) has increased by 9%

10.03.2015 Following the results of 2014 portfolio of term deposits of individuals of VTB Bank (Kazakhstan) has amounted to 20,3 billion tenge. In comparison with the same period of 2013, portfolio has increased by 1,7 billion tenge or 9%.

Dmitry Yakovlev, Deputy Chairman of the Board - Member of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «Term deposits of the Bank are in demand among population - as evidenced by increase of portfolio. We constantly work on improving terms of products in the part of timeframes of placement and profitability. For example, at the beginning of February we have launched promotional offer, within the framework of which additional interest on «Savings» and «Accumulative» deposits is accrued to depositors. We try to make each depositor could choose program optimal for him».

It was reported earlier that from February 1 to December 31, 2015 the Bank's customers, who opened in tenge the «Savings» deposit for a period of 12 months or the «Accumulative» deposit for a period of 12/24 months, receive additional interest on deposit in the amount of 1% per annum to the applicable rates of interest..

For reference:
SO JCS VTB Bank (Kazakhstan) - is 100% subsidiary Bank of the largest Russian OJSC VTB Bank.
License of the NB of the RK No. 1.2.14/39 dated 23.12.2014.
The Bank was assigned international rating at the «BB+» / «Negative» forecast level from Standard & Poor’s Agency.
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%).