As of April 1st, 2017, the net income of VTB Bank (Kazakhstan) amounted to 184.1 million tenge. The bank's assets amounted to 167.5 billion tenge, among them 37% are the loans granted to customers. The bank's liabilities amounted to 152.6 billion tenge, of which 55% are bank accounts and customer deposits. The authorized capital of the bank has not changed and is equal to 27.3 billion tenge. Net interest income after the formation of the reserve for the reporting period amounted to 1.6 billion tenge, compared to net interest loss of 675 million tenge for the same period of the last year.
- At the beginning of the year, VTB Bank (Kazakhstan) adopted a new development strategy for the period from 2017 to 2019, which involves the use of new approaches to doing business and improving its` profitability. The outcomes of work for the first quarter of this year demonstrate the correctness of the new course we have chosen, "says Dmitry Zabello, Chairman of the Board of VTB Bank (Kazakhstan),"
The Bank continues with its work to optimize costs and increase efficiency. I am confident that having the market stability, the bank will continue to develop and generate profits in accordance with the strategic plan.
At the end of last year, the Bank revived the loan portfolio, having cleared itself of distressed assets. Today, according to S&P Global Ratings, VTB (Kazakhstan) has the highest credit rating among all second-tier banks of Kazakhstan.
The new strategy of the Bank is based on a deep analysis of the market and demand. In the next three years, VTB Bank (Kazakhstan) will continue its harmonious development as a universal bank, maintaining the balance of business lines between the large investment business - 20%, medium business - 40% and retail business - 40%. One of the key areas for activating VTB's business in Kazakhstan will be support for small and medium entrepreneurship. The emphasis is also made on work with a large investment business. The renewed management team of the bank is actively working to introduce the best practices of the Group for the bank's customers.
Subsidiary VTB Bank JSC (Kazakhstan) is a member of VTB international financial group. The Bank has successfully worked more than 7 years in the financial market of Kazakhstan, and occupies 20th place in terms of assets amount among all STBs in Kazakhstan. To date, Subsidiary VTB Bank JSC (Kazakhstan) has a branch network, consisting of 35 structural subdivisions, 17 of which are branches. The Bank's Central Office is located in Almaty. The license of the National Bank of the Republic of Kazakhstan No.1.2.14/39 dated December 23, 2014.
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Subsidiary VTB Bank JSC (Kazakhstan)
Tel: 8 (727) 330 59 20 int. 59 20