VTB Bank (Kazakhstan) has launched a new deposit for small businesses called «Profitable»

10.03.2015 VTB Bank (Kazakhstan) has launched a new product for small businesses –«Profitable» deposit.

Deposit can be opened in tenge, US dollars and Russian rubles for a period from 1 to 48 months. Minimum deposit amount – 150 000 tenge/
1 000 US dollars/30 000 rubles. Interest payment is made at the end of the deposit term. Partial withdrawals and additional contributions are not provided.

Dmitry Yakovlev, Deputy Chairman of the Board – Member of the Board
of Subsidiary JSC VTB Bank (Kazakhstan): «Developing the «Profitable» deposit, we tried to make it fully meet current market conditions. The deposit will allow small businesses to get stable planned income and effectively manage short-term liquidity».

«Profitable» deposit will allow businesses to maximize income and save companies from negative inflation impact on available funds. Available minimum threshold of deposit placement, flexible terms, beneficial interest rates and safety of funds – are the main advantages of this product.

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%).