VTB sees no monetary shock in the population due to the devaluation of the ruble

VTB sees no monetary shock in the population due to the devaluation of the ruble


The population allows for the possibility of devaluation of the ruble amid falling oil prices, said the head of the second largest assets of the Russian Bank VTB Andrey Kostin.

DAVOS (Switzerland), 21 Jan. VTB does not captures the extraordinary behaviour of their customers due to the devaluation of the ruble, a currency shock in the market and among the population, said the head of the second largest assets of the Russian Bank Andrey Kostin.

“I think shock is not present, because to some extent, and the markets, and I think the population to a certain extent, if not expect, at least it’s a possibility, amid falling oil prices. We have some extraordinary behavior of our larger customers don’t see,” said Kostin reporters.

Earlier in the course of trading Thursday, the dollar had already jumped up to 85,999 ruble, Euro — ruble to 93.7.