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VTB expands network of ATMs with recycling function twice

In 2017, VTB increased the number of self-service machines with the built-in recycling function to 1,800, which is twice above the previous year's level, the bank informed.

The ATMs with the recycling function employ a closed cycle: the cash funds loaded by one client can be dispensed to another client bypassing cash collection procedures. In 2017, such ATMs saved the bank RUB 90 million due to optimization of operating costs by reducing the number of scheduled collection operations alone.

The united network of VTB's self-service machines reached 15,000 at the end of 2017, including more than 6,000 multi-functional ATMs that enable clients to withdraw or load cash.

VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all the key segments of the financial market. In the CIS, the group is active in Armenia, Ukraine, Belarus, Kazakhstan, Azerbaijan. VTB's banks in Austria, Germany and France are operating as parts of the European sub-holding led by VTB Bank (Austria). Besides, the group has subsidiary and affiliate banks in the UK, Cyprus, Serbia, Georgia and Angola, as well as one VTB branch in China and India, two VTB Capital Plc branches in Singapore and Dubai.

The principal shareholder is the Russian Federation represented by the Federal Agency for State Property Management and the Ministry of Finance holding 60.9348% of the group's voting shares or 45.01% of the authorized capital (92.23% including the Deposit Insurance Agency's shareholding).

"AK&M", 13.03.2018 12:39


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