Interest rates on retail deposits in Russia, the fall in 2016, as in the previous 2015 rates above the rate of inflation. However, due to the decline in profitability to take advantage of this favorable at first glance, the situation will not many, because this year there is every reason to expect the increase in total deposits of about 5% against a much higher 25% by the end of 2015.
All of last year and first 6 months of 2016 continuing decline in interest rates on deposits, said Stanislav Duginski, the analyst of Bank “home Credit”. When the credit market in the country is shrinking, banks impose liquidity, less stringent than it was previously. Now they are forced to balance between liabilities and assets, reducing interest rates on deposits. There is every reason to believe that in the foreseeable future this trend is the gradual decrease will only continue. However, Duginski said: “home Credit” to lower interest rates on deposits has no plans.
Yesterday the savings Bank has reported about decrease in rates on ruble deposits from 0.35 to 1.15%, and on savings certificates — from 0.55 to 1.3%. The reason for this is called an increase of deductions in funds of obligatory reserves and Deposit insurance. With 01.08.2016 g. the Central Bank raised required reserve ratio by 0.75%.
