VTB 24 Bank encourages its borrowers to convert foreign currency denominated loans

Bank VTB 24 (RTS: GUTB) encourages its borrowers to convert foreign currency denominated loans, said the President - Chairman of the Board Mikhail Zadornov at a press conference on Tuesday. He noted that currently the bank branches loaded with work on the re-issuance of foreign currency loans in rubles, but "not all borrowers understand the essence of these proposals, people do not understand the currency risks." He noted here that the bank is interested in the preservation of foreign currency loans, since it also has a foreign currency deposits, the share which currently stands at 45% of retail deposits. M. Zadornov said that at the beginning of the share of foreign currency deposits amounted to more than 20%, the lowest point was recorded in August - 18% of the total. He noted that currently the average deposit size of $ 25-30 thousand, the average term - 630 days.