Wednesday, June 1, 2011

The maximum deposit rates declined again

Bank of Russia has published data for monitoring the size of the interest rates of 10 banks, which occupy the largest market share in retail deposits. For the first 10 days of the first month of spring, the maximum rate decreased by 0.1% - to 10.77% from 10.87% in the third decade of February. Note that this trend has been going on long enough. For example, last month's rate fell to 1.04% in January - at 1.27%. Recall that the Central Bank of Russia from 24 February for the first time in 2010 lowered key rates, including the refinancing rate - by 0.25% to 8.50%. In 2009 he lowered rates 10 times. But the Russian credit institutions were in no hurry as fast cutting rates because they needed the money. As a result, the head of the Central Bank Sergey Ignatiev, warned that some banks may face problems, they will have difficulty making a profit this year, as they raised funds for the citizens of a very high rate. The list of banks, which are monitored: Sberbank, VTB 24, Bank of Moscow, Raiffeisen Bank, Gazprombank, Rosbank, Alfa Bank, Uralsib, MDM Bank and PSB.

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