The VTB bank continues to actively implement the program of service of middle business clients. According to 9M2007 data, VTB’s business in the segment of middle clients grew 54% to R87.5 billion ($3.5b/E2.46b) for credits. The dynamics of growth of the bank’s lending to that category of clients surpasses the forecast growth rates of the banking market. The volume of resources of middle business clients of the bank stood at R67.3b ($2.7b/E1.9b) on October 1, 2007, an increase of 20%. According to the VTB classification, the middle business segment is made up of enterprises with annual revenue of R90 million to R2.0 billion. These are dynamically growing enterprises oriented to developing own business, raising competitiveness, focusing on new markets, including international ones. As part of the program of work with middle business, VTB permanently modernizes and upgrades the product line, methods of servicing middle clients. In the near future, the long-term lending program for middle clients will be launched for terms of 3 to 7 years.
Source: WWW.NOVECON.RU, October 26, 2007
