Date: 2 months ago   Category: Regions

Russians accumulated record savings


The volume of deposits of citizens in the Russian banks in February grew by 0.42 trillion rubles that became the largest result in the last two years, it is said in the statement of the Central Bank. Without taking note of currency revaluation gain was 1.6 percent, taking into account — 1.5 percent. In January the volume of deposits of the population decreased by 1.4 percent. Thus, for the first two months 2019 the volume of savings of Russians increased by 0.2 percent (against decrease by 0.2 percent for the same period of 2018). In the message of the regulator it is noted that the record takes place without December indicators as last month years the volume of deposits considerably grows. Growth of deposits followed two in a row increases in a key interest rate of the Central Bank which took place in September and December of last year. As a result the rate grew from 7.25 to 7.75 annual interest rates. Its increase traditionally leads to growth of rates on deposits: the cost of loans at the Central Bank for banks increases, and they are forced to improve conditions for clients. As a result the population and the companies have more incentives to save up money, than to spend. At the beginning of February of a rate on deposits raised the largest banks. Also in February total portfolio of the bank credits grew. Loans to the population increased by 2.6 percent, to the organizations — for 1.4 percent. remained a tendency to a crediting devalyutization, it is said in the statement of the Central Bank. What occurs in Russia and in the world? We explain on our YouTube channel. Subscribe!

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