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Putin warns people against turning to banks with overblown interest rates

December 05, 2013, 16:08 UTC+3 MOSCOW
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MOSCOW, December 05, 15:26 /ITAR-TASS/. Russian President Vladimir Putin has warned the fellow-Russians against turning to the services of the banks that lure customers with overblown interest rates on long-term deposits.

“If the bankers are trying to inspire you with this /overly high rates/, this means they most probably are in trouble and the Central Bank of Russia is beginning to watch them attentively,” Putin said at a conference of the All-Russia People’s Front on Thursday.

He described the promises of fantastic interests as a “signal one must look attentively at.

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