Russian demand for ruble deposits increased. In this respect writer The newspaper Izvestia cites the statistics of VTB Bank, whose customers have opened deposits of more than 131,000 rubles in the last ten days, 2.4 times more than in the last ten years.
“Under the new economic conditions, ruble deposits are the main way to deposit free funds. The decision of the Central Bank of the Russian Federation to increase the key rate and the subsequent increase in deposit rates in the largest banks immediately affected the deposit conditions of the largest players and, as a result, customer demand. , head of the Savings department at VTB.
According to him, rates increased by 0.5-0.95 percent. In the face of demand from the Russians, VTB’s portfolio of ruble deposits increased by 50 billion rubles.
In its meeting held on July 21, the Central Bank increased the policy rate by 100 basis points to 8.5% annually. Then nine of the 20 largest Russian banks augmented return on investment. There was also an increase in deposit rates in medium-sized credit institutions.
The stockbroker of the financial holding BCS Mir Investments, Candidate of Economic Sciences Mikhail Zeltser, explained to socialbites.ca that if the key rate increases, for example, by 1 percentage point, banks adjust and also increase their loan rates. and deposits 1 percentage point or slightly higher.
Formerly socialbites.ca saidHow does the key rate of the Central Bank of the Russian Federation affect the life of Russians?