The growth of ruble deposits and accounts in rubles continues, while interest in foreign currency deposits remains low. This was announced on April 11 by the Bank of Russia.
“In March, the growth of ruble accounts and time deposits of the population continued, while the interest of retail depositors in deposits in foreign currency remained low, despite some increase in rates on deposits in US dollars, euros and yuan by individual market participants,” the Central Bank notes.
The regulator pointed out that in the near future, the ongoing slowdown in inflation and the persistence of a high propensity to save will support the interest of the population in bank deposits, especially for periods up to three years.
As for retail lending, here the Central Bank of the Russian Federation noted the growth of the loan portfolio of Russian banks in March. At the same time, he characterized the change in the corporate portfolio as moderate growth.
“Requirements for the population in terms of operational data increased in March, and the annual growth rate of the retail portfolio increased. Macroprudential restrictions will continue to affect retail lending, both consumer and mortgage, given the planned refinement of regulation.
On March 23, it became known that more than a third of Russians (37%) prefer to keep their cash savings at home. Another quarter (27%) replenish their bank account, 25% leave funds in a savings account or bank deposit.
Earlier, on March 10, financial consultant, investor Tatyana Volkova told Izvestia that keeping money at home is an inefficient way, since funds can be physically destroyed, in addition, inflation will affect the amount of savings.
In early January of this year, it was reported that the ruble deposit showed the highest yield among the most popular assets with a conservative investment strategy in 2022.
