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Russia’s VTB 24 raises deposit rates from Monday

December 22, 2014, 21:43 UTC+3 MOSCOW
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MOSCOW, December 22. /TASS/. VTB 24, VTB Bank’s retail unit, has increased rates of its deposits denominated in Russian rubles and foreign currencies from Monday, the bank said in a statement.

From now, the maximum rates of ruble-denominated deposits are set at 13.5-14.2%, while rates of euro-denominated deposits are set at 5.15-5.95% and rates of the US dollar-denominated deposits are increased to 5.4-6.15%.

On Monday, Andrey Osipov, the bank’s director for the mortgage loans department, said the bank will toughen demands for mortgage loans.

On December 18, a representative for the bank told PRIME it increased the minimal mortgage rate to 14.95% under contracts covered by complex insurance and to 15.95% without insurance in the wake of Central Bank’s decision to increase its key rate by 6.5 percentage points to 17% from December 16.

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