Favorable deposits interfere with the banks

In a crisis clients afraid of banks, and banks are now wary customers. Many lenders predict a shortage of liquidity because they must maintain a long-standing contributions to the high rates of return. In autumn 2008, the bankers noted a serious outflow of funds from deposit accounts: people withdrew their money or currency to buy them - only in October of that year, deposits declined 6%. This has forced banks to apply the incentive system: to raise interest rates on ruble deposits (20%) and lower the savings in dollars and euros (up 6.7%). This led to an increase in savings by 5% in the first three months of 2009. Further, in 2009-2010 came the boom of deposits, against this background that reduced the refinancing rate of Central Bank and the banks have lowered the bar for deposit rates. If we take the largest banks in the country, by far the proposals have stopped on average: for ruble deposits - 7.07%, on dollar - 3.48%, the savings in euros - 2,24%. Banks have become less to earn, but the law forbids them to change the interest rate for current deposits. Therefore, the winner turned out to depositors who have placed deposits at 15-20% per annum 1-2 years ago. They replenish their accounts, which gives serious discomfort to credit institutions. According to Kommersant, over 65% of the contributions people are open for longer than 1 year from this number, 40% of clients have put their money for up to 3 years, and 18,9% - for more than 3 years. The share of deposits, open from November 2008 to November 2009 in the 30 largest banks is 73% and 41% - the same revolving contributions. It is obvious that some companies can not cope with this load, so some banks have come up artificial barriers to replenish savings. Someone raised the sum of the minimum additional contribution from 1 thousand to 10 million rubles. Someone has entered a special commission for this transaction. Checking a number of cases took up the Federal Antimonopoly Service. Nevertheless, a rational way out of this situation for banks is the elementary expectation. In coming months, the proportion of "expensive" contributions will be greatly reduced due to the expiration of the contribution and the full issue will be resolved in 2012-2013, when these deposits are not simply remain on the balance sheets of institutions.