6 December 2012

Bank VTB sums up the results of three campaigns

From October till to day Bank offers its customers campaign on Consumer loans, deposits and loans for small and medium businesses. Each offer provides significantly improved conditions, particularly, Bank has set 15% fixed rate on Consumer loans in any currency, also Bank has increased interest rate in individual mode on large amount deposits, Bank offers small and medium business owners reduced to minus 3% interest rate of loans allocated in other banks. 

As a result of the campaign, Consumer loan portfolio increased to 18,4% and at the moment is 53,6 million Gel. In addition, Consumer loan campaign will last until December 15.
During the campaign Term deposit portfolio increased to 5%, and the total amount of Retail business attraction is 103,5 million Gel. And the general amount attracted for the retail business is 103,5 million GEL.

Small and medium business loan portfolio increased to 5%, and the number and amount of issued loans increased to 50%. 

Summarizing the result of the campaign, director of Retail business development Valerian Gabunia declared: 
VTB Banks strategy included the provision of  the most required products at favorable conditions in the consumer market. It should be noted that among banks of Georgia we were the first who offered Consumer loans at 15%, also we were the first who reduced interest rate on business loans. Campaign success is the result of proper and complex approach. We could exactly determine market demand and immediately respond to these requirements, offering competitive rates and quick high quality services. 
VTB Bank dynamically develops Retail business, this year the investment growth of the Retail business was 27,1%. In the future we see the potential in provision of consumer oriented products, corresponding to their needs. The announcement of the campaigns will be one of the priority directions in the next  year.

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