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Deposits growth in Russian banks last December weakest over 5 years

January 20, 2014, 18:28 UTC+3 MOSCOW
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MOSCOW, January 20. /ITAR-TASS/. In December 2013 bank deposits in Russia showed the weakest growth over the last five years, 4.3 percent, the Bank of Russia (CBR) reports.

A year earlier retail deposits added 6.1 percent, in December 2011 - 7.3 percent, in 2010 - 6.1 percent, in December 2009 - 6.9 percent. In December they are traditionally on the rise, one of the reasons being increased interest on seasonal deposits. Besides, the last days of December usually see various bonuses, pensions and other payments entered to accounts, thus impacting the volume of retail deposits.

Late 2013 the CBR stepped up its policy of revoking problem banks’ licences, the major cases being Pushkino and Master Bank, the last two on a list of 29 banks that lost their licences in July December 2013.

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