VTB: Regulator delays solving dedollarization

VTB: Regulator delays solving dedollarization
# 01 November 2016 13:46 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. Bank VTB intends to help Azerbaijan to solve the dedollarization, Deputy President and Deputy Chairman of the Management Board of VTB Bank Mikhail Oseevskiy said at the round table “Industry: Perspective of bilateral cooperation” held within the Azerbaijani-Russian Regional Forum.

According to him, the dollarization reached its highest level as a result of devaluation: “A part of our Azerbaijan-based subsidiary’s assets is in manat. As other players, Bank VTB is also waiting for the regulator to make changes the monetary policy for solution of the problem called dollarization. However, the regulator is delaying”.

The banker said that in order to help the businessmen and partly solution of problem, Bank VTB offers the businessmen and consumers directed to the Russian market loans in ruble.

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