OREANDA-NEWS. November 29, 2007. Since 1st September, 2007 all post offices in Russia will collect money orders to redeem loans given by VTB 24, reported the press-centre of Russian Post.

VTB 24 is another largest Russian bank closed contract with Russian Post. It stipulates reduced tariff rates for the bank’s customers who make postal orders to redeem loans.

As for today the majority of banks giving credits deal with post. CJSC Russian Standard Bank, LLC Home Credit and Finance Bank, OJSC Investsberbank, OJSC AKB Rosbank, CJSC Citibank, Credit Europe Bank, LLC Renaissance Capital and other are among them.

Monthly over 10 million people pay banking loans in post offices. With implementing new technologies (special barcodes on money order forms) customers can make payment in post offices in the shortest time. It makes the service very popular among customers.

Note:
VTB 24 acts under the General Licence No. 1623 issued by the Bank of Russia on July 13, 2000.
VTB 24 is the part of the international VTB Bank Group and focus on servicing of individuals, private businessmen and small businesses. The capital stock of VTB 24 is RUB 30 billion.

The Bank network includes over 280 branches and additional offices in Moscow, Moscow region and large Russian cities. Part of these services are available to the customers 24/7 using modern telecommunication technologies.