Net profit of the VTB (Kazakhstan) for the quarter reached KZT1.4 billion


VTB (Kazakhstan) posted a net profit of KZT 1.4 billion in the first three months of the year. Attracted funds of clients of all segments in January-March increased by 40% year-on-year to KZT 68.4 billion. The bank's assets reached KZT 182.4 billion, an increase of 2% year-on-year.

Net interest income VTB (Kazakhstan) for the period exceeded KZT 2.5 billion, 39% higher than the result for the same period last year. The bank's non-profit income for the first quarter of 2023 amounted to almost KZT 3 billion, compared to a negative result a year earlier.

"We have successfully rebuilt our business model and found our niche in the current economic climate. VTB in the country is one of the key operators of foreign economic activity between Kazakhstan and Russia. There are almost 8,000 such contracts serviced by the bank. Our products and services are also in demand among the population. The Bank has already issued about 4 thousand cards of the Mir payment system, which can be used to pay for online purchases in Russia without any difficulties, as well as to travel around the country comfortably. So our plan is to finish the year with a profit," commented Dmitrii Zabello, Chairperson of the Management Board of VTB Bank (Kazakhstan).

VTB (Kazakhstan) is part of the international financial VTB Group. The bank has branches in 17 regions of Kazakhstan with a central office in Almaty. The ATM network doubled last year to more than 70 devices throughout the country.