{"id":41671,"date":"2012-09-27T14:36:17","date_gmt":"2012-09-27T14:36:17","guid":{"rendered":"https:\/\/armbanks.am\/2012\/09\/27\/236436\/"},"modified":"2024-12-15T12:59:38","modified_gmt":"2024-12-15T12:59:38","slug":"borrowers-in-armenia-increasingly-showing-favor-to-national-currency","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/09\/27\/41671\/","title":{"rendered":"Borrowers in Armenia increasingly showing favor to national currency"},"content":{"rendered":"<p><strong>YEREVAN, September 27. \/ARKA\/<\/strong>. Yuri Gusev, acting CEO of VTB Bank (Armenia) and the chairman of the bank\u2019s directorial board, speaking Thursday at a televised conference involving representatives of VTB Group\u2019s subsidiaries in Armenia, Kazakhstan and Ukraine, said that the population in Armenia has a feeling of another pending global economic crisis which prompts them to shift to their national currency when borrowing money from local banks.<\/p>\n<p>Mikhail Zadornov, VTB24 bank president and chairman of the bank\u2019s board, who spoke at the same teleconference, answering ARKA News Agency\u2019s question, said that VTB Group aims to lending money exactly in national currencies.<\/p>\n<p>\u201cOnly this shapes a healthy balance and a healthy business and also shields our retail clients and banks from interest and credit risks,\u201d he said. \u201cWe don\u2019t rule out lending in foreign currencies completely, unless it is banned by the law, as is the case in Ukraine, however, we would like lending in foreign currency to drop to an insignificant portion of the overall lending.<\/p>\n<p>VTB Bank Armenia joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 69 branches all over Armenia\u2019s territory &#8211; the largest branch network in the country. VTB Bank (Armenia) is traditionally reckoned among leaders for general indicators. -0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yuri Gusev, acting CEO of VTB Bank (Armenia) and the chairman of the bank\u2019s directorial board, speaking Thursday at<\/p>\n","protected":false},"author":1,"featured_media":148449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12394,15826],"class_list":{"0":"post-41671","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-operations","11":"tag-vtb-bank-armenia-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/41671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=41671"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/41671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/148449"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=41671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=41671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=41671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}