In Russia, by the beginning of this year, the share of deposits of individuals for a period of three or more years decreased to 3.1% of the total volume of household deposits, the DIA told Izvestia. This level has become the minimum over the past 10 years, as follows from the DIA data.
Prior to this, in the period from 2014 (9%), the lowest figure of 4.5% was noted in 2016. In 2022, the volume of long-term deposits of Russians was 5%.
In absolute terms, the portfolio of bank deposits over three years this year decreased to 1.12 trillion rubles, which is comparable to the 2017 figure. In 2014 it was 1.5 trillion. The maximum volume of such savings reached 1.82 trillion in 2021, the agency specified. By the beginning of last year, the figure was 1.72 trillion rubles.
The largest banks confirmed to Izvestia a drop in demand for long-term deposits. A decrease in their volume has been observed over the past year and a half throughout the market, said Anna Volkova, director of retail business development at Sinary. According to her, the share of ruble deposits for three years or more in the bank is now approximately 2.5%. In the Russian Agricultural Bank, the share of deposits with a maturity of three years or more this year decreased by 2.5 times compared to the previous one.
The decrease in this indicator is a noticeable trend in the banking market, agreed Mikhail Prilepov, managing director of the business development center for attracting liabilities of UBRD. He explained: changes in the key rate and market fluctuations create uncertainty in terms of long-term profitability. And those clients who prefer savings for several years invest on the stock exchange in OFZs and shares.
A decrease in the share of deposits over three years was also confirmed by Sovcombank and Dom.rf Bank.
Read more in the exclusive material from Izvestia:
Be it uninvested: the share of long-term deposits fell to a 10-year minimum
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