02.09.2008 /Operations
 VTB Bank obtains a licence to open a subsidiary in Kazakhstan
VTB Group intends to enter the Kazakh market as part of the Group’s expansion of its presence throughout the CIS. At the end of August, the Republic of Kazakhstan’s Agency for Regulation and Supervision of Financial Markets and Financial Organisations took a decision to grant VTB Bank a licence to open VTB Bank (Kazakhstan). VTB plans to launch its new subsidiary in January 2009 with authorised share capital of USD 50 million. VTB has been in the Kazakh market since the start of 2008. In February, VTB opened a representative office in Kazakhstan, which is now operating as a project office of the subsidiary. For reference:
VTB Group considers the CIS market to have great potential for business development. VTB intends to extend its footprint into the CIS via its subsidiary network growth and further acquisitions. Today, VTB Group is represented in the CIS countries by JSC VTB Bank (Ukraine), CJSC VTB Bank (Belarus), CJSC VTB Bank (Armenia), and JSC VTB Bank (Georgia).
For general information and enquiries:
8-800-200-77-99
(495) 739-77-99
The number with a 8 800 code is Russia toll-free number General information
Latest News 
|
 |
|
 |
|
VTB and Japanese Group SMBCE sign a Cooperation Agreement
The Agreement is aimed at further strengthening partnership relations between VTB Group and Japanese Group SMBC and enhancing interaction along the whole range of banking services, including settlement in Russian Rubles, financing international trade operations, investment project support, treasury operations and operations in international capital markets. [Read...]
| |
 |
|
 |
|
|
|
