As of December 31, 2016 the bank’s assets amounted to 183.2 billion tenge that is 10% greater than the result for 2015. For the reporting period the bank’s liabilities increased by 14% and amounted to 168.7 billion tenge. The authorized capital of the bank has not changed and is equal to 27.3 billion tenge. The bank's net loss for the year amounted to 6,5 billion tenge.
- VTB Bank (Kazakhstan) is fully open for the market and regulator. Ending last year, we made an important decision on the recovery of the loan portfolio and reserved a certain part of problem loans, fixing the loss. This allowed the bank to update and start the implementation of the new development strategy for 2017-2019, aimed at strengthening the position of the VTB Group in Kazakhstan. The new strategy already gives the first positive results. Thus according to the results of the 1st quarter, 2017 the bank earned profit in the amount of 184.1 million tenge, - said Dmitry Zabello, the Chairman of the Management Board of VTB Bank (Kazakhstan).
Currently, the regulatory capital of VTB Bank (Kazakhstan) exceeds the standards of the National Bank of Kazakhstan by 4 times. The bank’s "Liquidity reserve” exceeds the required standards by 10 times. According to the S&P Global Ratings, VTB (Kazakhstan) has the highest credit rating among all second-tier banks in Kazakhstan.
Long-term – BB.
Outlook – Stable.
Short-term – B.
Long-term rating on national scale – kzA.
The VTB Group recognizes the huge potential of the Kazakhstan's economy and market, and intends to make a significant contribution to the expansion of cross-border business scales and activities of its partners that would have a positive impact on the development of the Republic’s economy.
Background information:
The Subsidiary VTB Bank JSC (Kazakhstan) is a member of the international financial VTB group. The bank during more than 7 years has been successfully working in the financial market of Kazakhstan, and occupies the 20-th place by volume of assets among all second-tier banks in Kazakhstan. Currently, VTB Bank (Kazakhstan) has a branch network, consisting of 35 structural subdivisions, including 17 branches. The Bank's Central Office is located in Almaty. The license of the National Bank of the RK No. 1.2.14/39 dated December 23, 2014.
Please do not hesitate to contact the press service for additional comments:
Arina Pirogova
Subsidiary VTB Bank JSC (Kazakhstan)
Tel: 8 (727) 330 59 20 ext. 59 20
E-mail: A.Pirogova@vtb-bank.kz
Web: www.vtb-bank.kz
Facebook: BankVtbKazakhstan