VTB (Kazakhstan) received 4.6 billion tenge of net income in the first half of the year

VTB Bank (Kazakhstan) received 4.6 billion tenge of net income in the first half of the year. Since the turn of the year, borrowings of the customers have increased by 39%, reaching 76.8 billion tenge. The bank resources were formed at the level of 191.7 billion tenge, having increased by 2% over the year.

During the accounting period, the bank's net interest income more than tripled compared to the first half of 2022, amounting to 2.3 billion tenge. Fee-based income has almost doubled and reached 2.9 billion tenge. Non-interest income exceeded 9 billion tenge against a negative result a year earlier. Capital base of a bank as of July 1 of this year was formed at around 49.6 billion tenge.

"The business model of work that we have defined this year demonstrates its effectiveness. In less than a year, VTB has become one of the key banks for servicing foreign economic activity contracts between businesses in Kazakhstan and Russia. At the end of the first half of the year, we have foreign trade contracts worth 8.6 trillion tenge, which is almost 2.5 times more than in the same period last year. For individuals, the bank has started issuing digital and plastic Mir cards – at the moment we have issued over 10 thousand cards. With the help of them, residents of the republic freely make purchases in retail outlets in Russia, withdraw money from ATMs, pay in Russian services, transfer money to loved ones. We plan to continue to increase our presence in the market of Kazakhstan by creating competitive products for the population and business", commented the Chairperson of the Management Board of VTB Bank (Kazakhstan) Dmitrii Zabello.

VTB (Kazakhstan) is part of the VTB International Financial Group. The bank's branches are represented in 17 regions of Kazakhstan with a central office in Almaty.