The head of the financial institution, Andrey Kostin, in a meeting with Russian President Vladimir Putin said that VTB has stopped lending to customers in the currencies of Western countries. In this respect writer TASS.
“Today, of course, we no longer lend in the currencies of Western countries, there is no such possibility. We have a growing ruble (loans in rubles – “socialbites.ca”). And we are gradually working in yuan, other currencies,” he said.
According to him, the share of the ruble in agreements with friendly countries is around 50 percent.
In September 2022, the head of VTB stated that the bank is considering the possibility of lending to companies in yuan, a number of such projects are already under development. In an interview with Reutes in June, Kostin allowedAmid the growing popularity of the Chinese yuan, the end of the US dollar’s dominance is imminent. According to him, in the current geopolitical situation, many countries are turning to settlements other than the US currency and euro, while China is moving towards the removal of currency restrictions. The head of the bank noted that VTB is discussing the use of yuan in agreements with third countries.
The press service of TASS Bank said that in January-June this year, VTB customers opened about 14.7 thousand deposits in Chinese currency, amounting to 6.7 billion yuan. The total deposit portfolio in yuan amounted to 10.4 billion, which is more than one and a half times compared to the beginning of the year.
used to be Aksakov saidWhen it is worth waiting for the collapse of the United States.