May 23 11:00
According to VTB, the total market volume of ruble liabilities in April reached 55.5 trillion rubles, adding 976 billion (+ 1.8 %) per month. This is twice as much growth in March.
According to experts, in May, the ruble savings market will increase by another 587 billion rubles. The total portfolio of savings in April exceeded 58.8 trillion rubles.
The main factor in the market growth remains in national currency. According to the results of the first half of the year, the ruble portfolio of savings in Russia will exceed 57.5 trillion (+7.3%), and at the end of the year it can reach 65 trillion (+21%).
“The savings activity of the population remains at a high level – the ruble deposit market in April grew by almost 1 trillion rubles, exceeding our expectations. We see that inflation slows down, and the economy is gradually returning to balanced growth, creating the conditions for reducing the key rate. We are waiting for a signal from the regulator about the imminent transition from a tough to a neutral monetary policy. The market is already reacting to these “red flags”: the yield on short -term contributions is ahead of the long -term, and the trend for reducing bets is intensified, ”commented Dmitry Volodin, head of the Department of Savings and Enrollment of VTB.
The amount of funds raised in rubles in the bank itself over four months increased by more than 378 billion and stepped over 10.3 trillion. The majority in the structure of savings of Russians is occupied by deposits.
Links on the topic:
- For the first time in two years, the dollar set down below 80 rubles
- VTB revealed the number of pensioners served in the bank
