Banks are interested in raising funds from population
Some decrease in the maximum size of deposits interest rates was registered by the Bank of Russia following the results of the second decade of August. In comparison with the beginning of the month this figure went down from 10,63 to 10,55 annual interest rates, the release of external and public relations department of the Central Bank reports. In any case, both values are the highest for the last two and a half years: last time the maximum rate on deposits of individuals reached such level in March, 2010.
“Russian banks meeting with liquidity problems against global financial instability and outflow of the capital, try to stimulate inflow of funds from the population to deposits at the expense of more attractive rates. Interest of banks in attraction of liabilities is warmed up also by high level demand of the population for loans,” experts of the webportal Banki.ru make comments on the situation.
According to the Agency for Deposits Insurance, in the first half of the year 2012 the volume of individuals’ deposits grew by 8,1 percent in comparison with the same period of the last year.