More than two million retail clients of Otkritie Bank have already been transferred to VTB. In addition, 85% of the retail loan portfolio (consumer loans, mortgages and car loans) has been transferred from one bank to another. This was announced by Vice President and Chairman of the Board of Directors of VTB Georgy Gorshkov within the framework of the EEF-2024.
We remind you that by the end of the year the two banks will become one; their merger is now being completed. During the integration of one bank into the other, retail clients with savings transferred 842 billion rubles of their own funds – this is 78% of the total volume. The total volume of retail commercial loan portfolios transferred to VTB amounted to 658 billion rubles. By the end of the year it will increase by another 110 billion rubles.
Additional offers are now available for Otkritie customers. They will be able to take advantage of up to 25% cashback on debit cards, higher rates on deposits and savings accounts, a new grace period of up to 200 days on credit cards, and a maximum refund of up to 10,000 rubles of the transferred debt amount for credit card holders. Recipients of pensions and social benefits receive bonuses for transferring credits to VTB.
– The active integration of Otkritie’s retail clients began just a few months ago and has already passed its “halfway point”. To date, this is the largest project of this scale in the Russian banking market and its final stage will take place in the autumn. In the fourth quarter, we will complete the transfer of credit obligations of all clients in order to complete the integration in December and begin merging with the leader of the Crimean financial market, RNKB Bank,” said Georgy Gorshkov.
