VTB Bank (Kazakhstan) has increased on auto lending portfolio by 89%

30.04.2015 VTB Bank (Kazakhstan) actively provides loans for purchase of new motor vehicles, contributing to development of automobile sales market in Kazakhstan. Increment of auto lending portfolio of the Bank has been doubled as of April 1, 2015 in comparison with the same period of 2014. Share of auto loans in retail portfolio of the Bank has increased by 3,3%.

Dmitry Yakovlev, Deputy Chairman of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «Since the middle of the last year, we have counted on increase of car lending volume, and as practice has shown, it was right decision. Currently the Bank is completing the project of automation of the process of providing loans in car dealerships, which will allow our customers to receive loan directly into car dealership as quick and convenient as possible. We continue to expand the list of partner car dealerships and improve conditions of product and service for customers».

Specialists of the Bank note that at the moment LADA, Toyota, Hyundai and KIA are best sellers in the category of light motor vehicles.

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%).