This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

VTB has increased its portfolio of attracted funds from SME clients by 15%

VTB has increased its portfolio of attracted funds from SME clients by 15%

VTB's portfolio of borrowed funds in the medium and small business segment exceeded RUB 2 trillion. The growth since the beginning of the year was 15%. Over 90% of VTB customers open their deposits in the Internet and mobile banking.

In the Magadan Region, the volume of funds raised from clients of medium and small businesses has grown by a quarter since the beginning of the year and amounted to 23,9 billion rubles.

In the country as a whole, more than 1,1 trillion rubles of VTB clients' funds fall on time deposits. Most entrepreneurs prefer short-term deposits - over 90% of funds are placed for up to 30 days. The most popular offer in VTB's business line is the Overnight deposit with a maturity of one business day.

In the sectoral structure of term deposits of SMB clients, the largest share is occupied by retail and wholesale trade (25%), construction, including housing (18,5%), services (over 8%), mechanical engineering (6%), food industry and agriculture (more than 5%).

“We are witnessing a stable growth of funds raised from clients of medium and small businesses. Today, short-term deposits are the driver of portfolio growth, which is dictated by the specifics of our clients' business. Against the background of the recovery of entrepreneurial activity, they are actively using deposits to obtain additional funds for business development. We are ready to satisfy the demand of entrepreneurs for all types of banking products, including in the format of online service. Today, more than 90% of our clients open deposits remotely, ”said Denis Bortnikov, Deputy President and Chairman of VTB Management Board.

VTB offers six offers in its deposit line for medium and small businesses. In July, the bank launched new deposits "Advance" with interest payments at the beginning of the term and "Collateral", which can act as collateral for loans and guarantees.

Existing VTB customers can open a deposit in a few clicks in the VTB Business Online Internet bank and VTB Business Lite mobile application. In the Internet bank, you can use a deposit calculator, which allows entrepreneurs to select suitable products based on the desired parameters, such as the amount, the term of the deposit, and others.


October 25: current information on coronavirus in the Far East
Digest of regional events and latest statistics