Subsidiary organization JSC Bank VTB (Kazakhstan) issued more guaranties in 11 months of 2013

/KASE, December 6, 13/ – Subsidiary organization JSC Bank VTB (Kazakhstan) (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following press-release: quote Since 2012 Bank VTB (Kazakhstan) has been actively developing its transactional business showing a substantial increase in all main lines. In 11 months of 2013 Bank VTB (Kazakhstan) increased the volumes of bank guaranties to KZT18 bn, exceeding last year's figures 2.5 times. The volume of term deposits of legal entities in 2012 made up KZT26 bn, whereas in 2013 this figure was increased 2 times – to KZT52 bn. The transactional business of Bank VTB (Kazakhstan) includes two main lines: passive and settlement transactions, as well as documentary operations and trade finance. "Companies with wide branch network across the country are offered various solutions for synergy of their resources. If our clients operate abroad, the Bank suggests international transactions and currency control", – comments Olga Emelyanova, director of Corporate Business department of Bank VTB (Kazakhstan). For purposes of prompt execution of all those operations and optimizing costs and client processes, the Bank proposes to use new services of online banking for legal entities with remote servicing, with no need to leave the office. "Bank VTB has always been a leader in documentary business. We offer documentary operations with all kinds of bank guaranties and LCs, as well as sophisticated transactions involving foreign banks and development banks", – says O. Emelyanova. Among the most popular are performance guaranties associated with infrastructure and major projects, advance return guaranties, customs guaranties and tender guaranties. SO JSC Bank VTB (Kazakhstan) Press-service tel. (727) 330-40-72 fax: (727) 330-40-50 E-mail: A.Mustafinova@vtb-bank.kz www.vtb-bank.kz unquote [2013-12-06]