VTB Bank (Kazakhstan) opened a new credit line for Kcell


The leading operator in the telecommunications market of Kazakhstan - Kcell JSC and VTB Bank (Kazakhstan) signed an Agreement on the assignment of a non-revolving credit limit in the amount of 6 billion KZT for a period of 36 months with payment of remuneration in the amount of 10.7% per annum. The Company intends to use the funds received to working capital financing, including refinancing of debts in other second-tier banks.

- VTB Bank (Kazakhstan) has been productively cooperating with Kcell JSC since 2019. The Company systematically invests funds in the development of its network and maintains the high quality of its services. We are always glad to cooperate with professionals of their craft and express our hope that our partnership will not be limited to a couple of projects, - said Dmitry Zabello, Chairman of the Board of VTB Bank (Kazakhstan).

Kcell JSC provides mobile voice communications, short messaging, value-added services (VAS), such as multimedia messaging, access to mobile content, and data transmission services, including access to the Internet. The Company is represented on the market by two brands: Kcell, which targets corporate clients (including government agencies) and Activ, which is aimed at mass market subscribers. The Company provides services through its extensive high-quality mobile network, which covers almost the entire territory of the Republic of Kazakhstan.

Subsidiary VTB Bank JSC (Kazakhstan) is a member of the VTB international financial group. The Bank has been successfully operating on the financial market of Kazakhstan already 10 years. To date, Subsidiary VTB Bank JSC (Kazakhstan) has a branch network, consisting of 17 affiliates, located in all regions of the country. According to S&P Global Ratings, VTB (Kazakhstan) has one of the highest credit ratings among all second-tier banks of Kazakhstan. The Bank's Central Office is located in Almaty. The license of the Agency of the Republic of Kazakhstan for regulation and development of financial market No.1.2.14/39 dated February 3, 2020.