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The Central Bank has projected Deposit growth of Russians by 15% in 2016


In the framework of the Russian economic and financial forum in Switzerland, the Chairman of the Central Bank of Russia Mikhail Sukhov said that the growth rates of deposits of individuals in Russian banks can be 15% by the end of 2016, reports TASS.

Центробанк спрогнозировал рост вкладов россиян на 15% в 2016 году

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Sukhov called the average growth of deposits by 15% in 2016 “is quite realistic and possible”. However, the Chairman of the regulator said that it may depend not only on banks, but also from the real state of the disposable income of the Russians, who in a short time is unlikely to increase in a positive direction. Sukhov also noted that Russian banks in difficult times has managed to maintain the confidence of depositors.


“We saw rapid growth of deposits last year, almost a record, and 25% for the year. In the beginning of the year, in February, Deposit growth in the banking sector has recovered almost 170 billion rubles was attracted by our banks in February and they move at the pace of over 20% on an annualized basis”, — said Sukhov. However, he cautioned that such rapid growth will not last long and will decrease due to objective indicators, including in connection with the decline in real disposable income.

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