17:24, 12 January 2009
VTB Bank (Kazakhstan) and CFT Concluded Partnership Agreement
VTB Bank (Kazakhstan) included in VTB International Financial Group and CFT Group of Companies (Russia) signed an agreement about partnership in IT-technologies. According to this contract CFT-Bank system (Oracle-based development platform) will be delivered and installed in the Bank.
VTB Group regards the CIS market as one of most perspective for business development. Currently in the CIS countries the Group is presented by such financial institutions, as OJSC VTB Bank (Ukraine), JSC VTB Bank (Belarus), JSC VTB Bank (Armenia) and SC Bank (Georgia). In 2009 expansion of business will be concentrated on high economic potential countries, first of all on Kazakhstan and Azerbaijan.
Beginning of IT-partnership with VTB Bank (Kazakhstan) is considered as important milestone in development of this direction.