VTB Bank (Kazakhstan) increased volume of transactions of trade financing and documentary operations in 2013
14.02.14 16:00
/KASE, February 14, 14/ – VTB Bank (Kazakhstan) (Almaty), bonds of which
are officially listed on Kazakhstan Stock Exchange (KASE), informed KASE
today by the official letter:
quotation
Since beginning of 2013, VTB Bank (Kazakhstan) has conducted 2,9 thousand
operations with instruments of trade financing and documentary forms of
settlements totaling more than 31,9 billion tenge. Thus, in comparison
with results of 2012, number of transactions increased by 2,1 times,
that is equivalent to growth of 112% - 1,4 thousand transactions totaling
19,3 billion tenge were conducted following the results of 2012.
Olga Emelyanova, Director of the Department of Corporate Business
Development of Subsidiary JSC VTB Bank (Kazakhstan): «Availability of
international network is one of significant competitive advantages of VTB
Group. Services Kazakhstani Subsidiary Bank in the part of trade financing
contribute to expansion of international cooperation. Positive dynamics of
growth of the volume of transactions was largely due to active sales to
corporate clients of banking products and cross-selling of services of VTB
Group companies».
VTB Bank (Kazakhstan) actively develops transactional business, offering
documentary operations with use of all types of bank guarantees and letters
of credit, as well as complexly structured transactions for organization of
trade financing involving foreign banks and development banks.
The most popular products are guarantees of fulfillment of contractual
obligations related to creation of various infrastructures and implementation
of large projects, followed by advance repayment guarantees, customs and
tender guarantees.
Press Service
VTB Bank (Kazakhstan)
Tel.: (727) 330-40-72
www.vtb-bank.kz
ends
[2014-02-14]