Bank VTB (Kazakhstan) announced financial results for the first half of 2012

/KASE, July 16, 12/ - Bank VTB (Kazakhstan) (Almaty), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release: quotation Bank VTB (Kazakhstan) published financial statements as of July 1, 2012: Main financial and operational indicators compared with the beginning of 2012: - The bank assets increased by 41% - to KZT88,001 mln.; - Liabilities increased by 57% - to KZT70,597 mln.; - The bank loan portfolio made up KZT63,040 mln., and increased by 38% if compared with the beginning of 2012. The loan portfolio quality is at the high level; - The amount of funds on clients accounts and deposits continued to grow, as of July 1, 2012 reached KZT40,736 mln., having increased in comparison with the beginning of 2012 by 36%; - Net interest income before reserves formed for losses on loans in the first half of 2012 made up KZT2,085 mln., and increased by 4 times if compared with the similar period of 2011; - Net commission income for the first half reached KZT412 mln., and increased by 3.5 times if compared with the similar period of 2011. The Bank has target costs within the program of development and improvement of existing business processes that completely complies with the Bank strategic goals. On July 4, 2012, the Bank has been awarded the principal status of the bank- participant of the international payment system Visa. In March, 2012, the Bank jointly with Ernst&Young audited the Bank business processes and procedures related to IT strategy development. Bank VTB (Kazakhstan) continued an active policy of business crediting - the source of additional local work places, extended retail products line, and improved safety of banking operations. Bank VTB (Kazakhstan) Press Service Tel.: (727) 330-40-72 www.vtb-bank.kz ends [2012-07-16]