VTB (Kazakhstan) doubled its portfolio of foreign trade contracts


VTB (Kazakhstan) doubled its volume of foreign trade contracts last year to 10.7 trillion tenge. The aggregate portfolio of transactions reached 5.5 thousand, also doubling over the year.

VTB (Kazakhstan) actively services export and import trade flows between Kazakhstan and Russia. In 2022, the number of contracts with settlements in tenge and Russian roubles increased 2.5 times, and their volume 3 times. As part of its foreign trade activities, the bank makes payments and transfers in Russian roubles under customers' contracts on a same-day basis, allows you to buy and sell roubles at the best exchange rate online, advises on currency legislation and registers foreign currency contracts in a matter of hours.

"Last year's growth in foreign trade was primarily driven by the VTB Group's long-standing expertise, experience and extensive infrastructure to support customers in their interaction with Russian businesses. The positive trend in the foreign trade segment continues this year. And our goal is to gradually increase our share in this market", said Chairman of the Management Board of VTB (Kazakhstan) Dmitrii Zabello.

One of the most popular tools for VTB (Kazakhstan) foreign trade customers is cash management services with access to VTB Business internet banking. The service allows buying and selling roubles online, day-to-day cross-border payments and transfers to Russia. Also in the system, the customer will be able to take currency control of the transaction, register and assign a currency contract number. Under the CSS package, entrepreneurs can issue bank guarantees on favorable terms until July 1, 2023.