Subsidiary organization JSC Bank VTB (Kazakhstan) announces increase in volume of individual deposits in first quarter of 2014

/KASE, May 27, 14/ – Subsidiary organization JSC Bank VTB (Kazakhstan) (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of May 27, 2014: quote Following the results of the I quarter of 2014 volume of deposits of individual in the structure of deposit portfolio of VTB Bank (Kazakhstan) has increased by 28,4% in comparison with the same period of 2013. Experts of the Bank note that average term of deposit placement for the reporting period has amounted to 36,5 months. One of the most attractive and demanded deposit proposals among customers of the Bank - is "Accumulative" deposit. Dmitry Yakovlev, acting Deputy Chairman of the Board – Member of the Board of Subsidiary JSC VTB Bank (Kazakhstan): "First of all, increase of deposit base is due to high interest rates. Let me also note that differential of interest rates of deposits in tenge and foreign currency stimulates growth of deposits in national currency. Thus, share of deposits in foreign currency in total deposit portfolio of individuals in the I quarter has amounted to not more than 23,7%. VTB Bank (Kazakhstan) offers depositors the most favorable and comfortable ways to organize their personal savings on deposit programs: "Saving", "Accumulative", "Stable", "Generous Subsidiary organization JSC Bank VTB (Kazakhstan)" and "VIP deposit". Depending on his needs, customer can make contribution in national or foreign currency, select term of deposit and periodicity of interest payments. unquote [2014-05-27]