The volume of savings of Russians over the past year exceeded 66 trillion rubles

According to VTB’s updated estimate, the savings market in Russia at the end of 2025 exceeded 66.5 trillion rubles, showing an increase of 16% (+9 trillion rubles). The total volume of liabilities in rubles increased by 18% (+9.5 trillion) to 63 trillion. The foreign currency savings portfolio decreased by 12% in 2025.

Last December, the ruble savings market showed strong growth, which was supported by still high rates on savings products. The increase was 7% (+4.3 trillion).

“The confident growth of ruble savings in December last year against the backdrop of high interest rates was a logical end to the year, which became the “depositor’s time.” Saving has become a conscious process and a foundation for the future for many Russians, who have also postponed major purchases. The market has finally reoriented from foreign currency assets to ruble instruments. According to our forecasts, the growth of the savings market will continue this year, albeit at a more moderate, but still double-digit pace,” said Alexey Okhorzin, Senior Vice President, Head of VTB Retail Business Products Department.

He added that current rates in Russian banks still provide profitable risk-free passive income, and the current year will also pass under the auspices of the savings model.