/KASE, May 28, 2021/ – Subsidiary Organization VTB Bank (Kazakhstan) (Almaty),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated May 28, 2021:
quote
The sole shareholder of Subsidiary VTB Bank JSC (Kazakhstan) – VTB Bank
(PJSC) decided not to distribute the net income of the subsidiary bank in the
Republic of Kazakhstan for 2020. According to the opinion of the independent
auditor – Ernst & Young, the net income of VTB Bank (Kazakhstan) for 2020
amounted to 5 billion tenge, which exceeds the result of the previous year by
11%. In comparison with the data as of December 31, 2019, the bank's assets
increased by 54%, amounting to 323 billion tenge.
"In accordance with the recommendations of the Agency for Regulation and
Development of the Financial Market of the Republic of Kazakhstan, the
shareholder of VTB Bank (Kazakhstan) for the second year in a row decides not to
distribute net income and not to pay dividends. Additional liquidity during the
coronavirus pandemic will help the country's economic recovery by increasing the
amount of lending to entrepreneurs", – said Dmitry Zabello, Chairman of the
Management Board of VTB Bank (Kazakhstan).
According to the audited statements at the end of 2020, the volume of the bank's
deposit portfolio increased by 89 % and amounted to 233 billion tenge. The loan
portfolio grew by 33% to the level of 177 billion tenge.
unquote
The full press release is available on:
-
https://kase.kz/files/emitters/BVTB/bvtb_reliz_280521_kz.pdf – in Kazakh;
-
https://kase.kz/files/emitters/BVTB/bvtb_reliz_280521.pdf – in Russian.
[2021-05-28]