Currency deposits again leaders in profitability

Due to the growth of the dollar and euro against the ruble (to 1,49% and 1,99% respectively), foreign currency deposits showed a positive trend of profitability. The most attractive on the results of July turned out to be annual deposits in euros, purchasing power which has grown on 1,71%, the annual dollar holdings showed 1.2% real ruble profitability in July. In the past month, many commercial banks have greatly reduced the interest rates on deposits in foreign currency, while interest rates on ruble deposits remained largely the same. At the same time, due to the relatively low inflation, annual deposits in rubles for the fourth consecutive month showing a positive real ruble rate of return: in July it was 0.28%, while excluding Sberbank - 0,5% (from 15 leading banks: Sberbank, "VTB 24, Bank of Moscow, Rosbank, Gazprombank, Raiffeisenbank Austria, Uralsib, Agricultural Bank, PSB," Rebirth, "Alfa-Bank, Bank Saint Petersburg", Nomos-Bank, URSA Bank, Petrocommerce). On an annualized basis is still the most attractive deposits in foreign currency: for example, the purchasing power of deposits in U.S. currency for the year increased by 28.81%, in Europe - at 15.92%. Deposits in rubles for the same period depreciated by 3.03%. Real ruble yield savings in cash, following the dynamics of the foreign exchange market in July rose: yield of dollar savings - on 0,88%, savings in the European currency - to 1.39%. Portal Bank.ru Materials Rihanna.