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New manager VTB24 on Sakhalin plans to increase the bank's retail loan portfolio to 7 billion rubles

VTB24 was managed by Vneshtorgbank's vice-president Joseph Stelmakh, who previously held a leading position in the Department of Mortgage Lending at the bank's head office, the bank's press service reported.

Joseph Stelmakh was born in 1982 in the city of Kholmsk, Sakhalin Region. Graduated from the Moscow State University of Service with a degree in Jurisprudence. Iosif Stelmakh began his banking career in 2004 at the Yuzhno-Sakhalin branch of Sberbank as a legal adviser. Since March 2006, he worked there as the head of the private lending department. He joined VTB24 in September 2007, where he headed the mortgage lending department in Yuzhno-Sakhalinsk. In June 2009, he was transferred to the position of Managing Director in Moscow, where he oversaw the bank's mortgage network in the Far Eastern, Southern, Ural, Volga Federal Districts and the Moscow Region. He was engaged in projects on cooperation with VEB, ARIZHK, management of the mortgage portfolio of KIT Finance bank. In July 2014, he began managing the bank's offices in the Sakhalin Region.

The plans of the new head for the second half of 2014 are to increase the retail loan portfolio to 7 billion rubles, to double the mortgage portfolio to 2,9 billion rubles and the portfolio of individuals' funds to 7,5 billion rubles.

In the first half of the year, the retail loan portfolio of the bank in the Sakhalin Region approached 6 billion rubles, having increased in the first six months by 14%. The mortgage portfolio has grown by 20% since the beginning of the year and amounted to 2,5 billion rubles.

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