VTB Bank Georgia prepared for financial sanctions
Date
2/25/2022 7:31:08 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Feb. 25
By Maryana Akhmedova – Trend:
VTB bank Georgia, together with the National Bank of Georgia,
has developed an action plan towards the imposed financial actions,
Trend reports via
the press service of the Bank.
VTB Bank Georgia would like to emphasize that the imposed
sanctions do not provide for the suspension of the Bank. Any client
of the bank will have the opportunity, if desired, to transfer
their funds to another bank or withdraw cash or make payments, the
statement said.
“Also, deposits will usually accrue interest on the terms and
amounts stipulated in the relevant agreements. In this way, no
consumer will be affected, regardless of which banking product he
uses,” VTB Bank Georgia said.
Meanwhile, the NBG restricted foreign currency transactions by
the VTB Bank Georgia, due to the financial sanctions imposed by the
US, the EU, the UK, and other countries on Russia's VTB Bank
Group.
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