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VTB Resource Portfolio Grows in Kamchatka

VTB Resource Portfolio Grows in Kamchatka
For the first quarter of 2020, in the Kamchatka Territory, VTB increased its resource portfolio by 10%. On April 1, the loan portfolio of VTB's combined business approached 28 billion rubles. At the same time, the portfolio of individuals and legal entities increased by 17%, to 30,5 billion rubles.

According to the press service of VTB Bank, the corporate portfolio formed by representatives of small and medium enterprises exceeded 16,6 billion rubles, the growth in the first quarter was 15%. The portfolio of attracted funds of small businesses increased by more than a third and amounted to 16,3 billion rubles.

 Retail loans for the first quarter amounted to about 11,3 billion rubles in the first quarter of 2020. The share of mortgages grew the most - the total amount of the portfolio approached 4,2 billion rubles. A cash loan in the total amount amounted to 6,6 billion rubles.

 The volume of funds of private clients has also increased. According to the results of the first quarter, this indicator amounted to 14,2 billion rubles. Investment products have also become in great demand among the bank's customers. The growth of this portfolio amounted to two billion rubles. This is more than at the beginning of the year by 17%.

 During this period, more retail loans were issued in Kamchatka. The total amount of borrowed funds exceeded one billion rubles. Also, residents of the region received 710 million rubles in cash loans, in the form of real estate loans - 370 million rubles, which is 12% more than in the same period last year.

According to Galina Zubar, managing director of VTB in the Kamchatka Territory, several significant transactions to finance medium-sized businesses ensured the growth. In addition, VTB continued a systematic increase in attracting corporate resources and mortgage loans.

 In addition to conventional banking services, VTB is actively supporting residents affected by the coronavirus pandemic. Kamchatka residents approved 590 applications for credit vacations worth 440 million rubles for consumer loans, 13 applications for mortgages in the amount of 21 million rubles. As part of their own programs, about 98% of applications were agreed.

  Loans for the payment of salaries under the state program (at 2% per annum with the possibility of repaying the loan at the expense of the state) were approved by four entrepreneurs for a total amount of 15 million rubles. There are 19 more applications in the amount of more than 127 million rubles.

In addition, the bank entered into agreements with seven legal entities and individual entrepreneurs, providing loans totaling 15 million rubles. In addition, loans were restructured by 47 SME representatives for 327 million rubles, both under their own programs and as part of government measures.
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