Subsidiary Organization VTB Bank (Kazakhstan) announced results for 2011

/KASE, April 27, 12/ - Subsidiary Organization VTB Bank (Kazakhstan) (Almaty), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of April 27, 2012: quotation Subsidiary Organization VTB Bank (Kazakhstan) publishes financial statements for 2011: Main financial and operational indicators compared with the beginning of 2012: - Authorized capital made up KZT20 bn, having increased by KZT11 bn; - Assets increased by 2.8 times to KZT62,470 mln; - Liabilities increased by 3.3 times to KZT44,872 mln; - The loan portfolio in the bank assets structure increased by 25.4 %. The loan portfolio growth in 2011 made up KZT35,344 mln or 342.2 %. The loan portfolio quality is at the high level; - Money on clients deposits and accounts is increasing, as of December 1, 2011 reached KZT30,047 mln, having significantly increased if compared with 2010; - The net percentage income made up KZT1,400 mln and increased by 2.6 times if compared with the similar period of 2010; - The net commission income made up KZT375 mln and increased by 3.4 times if compared with the similar period of 2010; - The net loss growth to KZT1,807 mln (by 3.4 times if compared with 2010) is connected with planned costs for development of affiliates network, the increase of staff and active growth of the bank. VTB Bank (Kazakhstan) started activities in 2009 and is rapidly developing demonstrating exceeding forecasted business plan indicators. In 2011, the bank completed creation of its affiliates network, nowadays consisting of 24 sale points covering 17 cities of Kazakhstan. The bank continued implementation of new products aimed at attraction of clients to provide wide range of competitive banking products. ends [2012-04-27]