MOSCOW, January 28. /TASS/. The development strategy of Post Bank, created on the basis of Leto Bank, will be presented to the Supervisory Board by May 2016, Leto bank President - Chairman of the Board Dmitry Rudenko who is going to head Post Bank told TASS Thursday.
"According to preliminary plans, by 2023 we would like to see the credit portfolio of Post Bank at a little over 4 bln rubles ($52.09 mln)," Rudenko said.
According to him, the share of pensioners in the client base of the new bank in the 8-10 year term should amount to 30%.
Rudenko said that Post bank is going to retain lending products of Leto bank, but will focus on settlements and payments, as well as savings.
The Russian Post and VTB 24 signed documents on establishing Post Bank on Thursday, January 28. General Director of the Russian Post Dmitry Strashnov and VTB 24 President - Chairman of the Board Mikhail Zadornov attended the official ceremony held in TASS.
According to Zadornov, Post Bank in going to start providing banking services to the public in March of 2016.
Dmitry Rudenko expects the profit of the Post Bank to total 20 bln rubles ($260 mln) by 2023.
"The profit will be around 20 billion rubles. Loan volume target will be slightly more than 400 billion rubles ($5.3 bln) by the end of 2023, the volume of deposits will be 600 billion rubles ($7.9 bln)," Rudenko said.
According to Mikhail Zadornov, the deal establishing Post Bank will be closed on January 29, 2016.
"We will close the deal tomorrow," he said.
According Zadornov, the bank’s Supervisory Board will include 5 representatives of VTB Group, and 4 - from the Russian Post and Ministry of Telecom and Mass Communications. The first meeting of the Supervisory Board will be held next week.
It was reported earlier that Minister of Communications and Mass Media Nikolai Nikiforov could head the Post Bank Board of Directors. The members of the Supervisory Board will be announced later, Zadornov said.
Zadornov pointed out that Post Bank will create a "salary project" for 250,000 employees of Russian Post.
"As for new things there is a salary project, a salary card. We are preparing the salary project for the Russian Post itself, its 250,000 employees and not only that," he said.
General Director of the Russian Post Dmitry Strashnov said that now several banks are providing salary cards to the company.
In addition to the salary project the Post Bank will develop the basic product line (including current accounts, deposits, savings accounts, credit cards and loans). It will also be engaged in acquiring and payment services, Zadornov said.
"Leto-Bank" has already started to attract deposits, it has first few billion rubles of deposits. We believe that it is a quite competitive product line. Later we will adjust it for practical use by the customers of the Russian Post, but the basic line is there,"- the Chairman and CEO of VTB24 said.
Loan products of the new bank will be further adapted to different categories of population.
"We will definitely adjust the credit products dividing them into several categories. In general we are aware about the needs of different customers for different loan products: the current customers of Leto-bank, retirees and younger customers of the Russian Post," Zadornov said.
Strashnov told reporters that the issue of banking cards by the Post Bank will start in March 2016. Alongside special ATMs of the Post Bank customers of the new bank will be able to use more than 10,000 ATMs of VTB Group.