Sberbank holds almost half of the deposit market share for 10 consecutive years

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Sberbank has the largest share in the deposit market; Over the last 10 years, the total share of individuals’ liabilities remained in the range of 43.7% – 45.8%, Sberbank press service reported.

This figure is calculated quarterly.

“More than 1.4 million customers used the new product ‘Savings Account’ in the first two months after its launch,” the press service said.

According to statistics of the Deposit Insurance Agency, the flow of household funds to Sberbank last year was at a record level and reached 23.5%; citizens’ deposits reached 22.6 trillion rubles.

In December last year, six of the largest Russian banks had already increased deposit rates following the decision of the Central Bank – the regulatory body raised The key interest rate was increased by 100 basis points to 16% per annum.

Previously Sber named Number of Russians participating in the long-term savings program.

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