VTB Bank (Kazakhstan) launches new product for the small business

/KASE, August 28, 12/ - VTB Bank (Kazakhstan) (Almaty), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of August 28, 2012: quotation VTB Bank (Kazakhstan) launches new product for the small business - the quick credit, developed to satisfy need in quick funding for legal entities, individual entrepreneurs, notary officers, attorneys, private law enforcement officers. The advantage of new product is funding within short period based on the simplified scheme of analysis of a borrowers and collateral. The quick credit is aimed at replenishment of circulating assets, procurement and modernization of fixed assets, debt refunding in other banks and for other purposes. The quick credit is issued from 3 to 7 years with the maximum amount up to KZT150 mln (or USD1 mln) and can be issued in tenge, US dollars and Russian rubles. VTB Bank proposes various types of credits for the small business providing to entrepreneurs of Kazakhstan the possibility to successfully achieve various business objectives. From 2011 to August of 2012, VTB Bank (Kazakhstan) issued over 700 credits to the small business, the growth in 2012 made up over 46%. ends [2012-08-28]