Acting under VTB Group development strategy for the years 2010-2013, JSC VTB Bank has introduced a new lending procedure starting from Q2 of the current year, striving to enhance competitive edge of VTB credit offers and to increase the Bank’s efficiency.
The new procedure is aimed at fastening decision-making related to credit risk limits and credit risk-bearing transactions while ensuring the highest standards applied at VTB Bank to assess the risk taken.
The reform of the lending procedure has incorporated the following innovations:
Alexander Lapko, VTB Bank Senior Vice President, emphasized that “the innovations introduced will offer VTB a wide access to high-margin customer segments, and hence, to additional sources of revenue for the Bank. The new lending procedure is the first step of the Bank’s lending reform designed to upgrade many methodological aspects of VTB credit policy.”