Rates on foreign currency deposits declined

Share of foreign currency deposits in banks' liabilities is reduced to pre-crisis values. About this newspaper Kommersant on Thursday, April 14, citing the current reporting banks. In March 2011 the majority of banks in the top 15, the citizens picked up money from foreign currency deposits. The outflow is due not so much with increasing citizens' confidence in the ruble, as with the pricing policies of banks are not interested in attracting foreign currency deposits. From banks in the top 15 in March, with a significant outflow of funds from foreign currency deposits of natural persons faced at least eight players, evidenced by statements by Russian standards (statements of VTB, Rosbank Transkreditbank not yet available). Hardest-month foreign currency deposits declined in absolute terms, the Bank of Moscow (to 2.5 billion rubles., Or 4.7%) and PSB (at 2.4 billion rubles., Or 7.5%) and RAB (at 2.1 billion rubles., 9,7%). In this case, ruble deposits the banks for March increased by 0,7-4,7%, with the outflow of experienced only MDM-Bank (2.4 billion rubles. 2,6%), which is a bank account for settlements of an open crisis expensive deposits, and Bank of Moscow, around which recently emerged not too favorable information background (2.1 billion rubles., 2,1%). The Bank of Moscow, PSB and RSKHB yesterday could not comment on the dynamics of retail deposits. In the reduction of foreign currency deposits in major banks has contributed to currency revaluation, said CEO of CEA Interfax Mikhail Matovnikov. "In March, the dollar exchange rate the Central Bank fell by 52 kopecks to 28.38 rubles ./$»,- it counts. But the main reason for the reduction of deposits in foreign currency experts call the lack of interest of banks to attract them. "The observed today, the outflow of foreign currency deposits - this is actually the conversion of savings into rubles. In the spring of many banks is the deadline for last year's contributions, and since the year interest rates on foreign currency deposits fell more than on the ruble, the clients go into the past ", - says Director of the Department of retail deposit products and fee bank" Renaissance Credit "Irina Limitovsky. "Big banks cut rates on foreign currency products including the March", - says deputy president of Nordea Bank Andrei Maltsev. Thus, the Savings Bank from March 21 to cut interest rates on retail deposits in dollars at 0,4-1,25 percentage points. Interest rate policy of banks in foreign currency deposits of citizens demonstrated their disinterest in the active involvement of such funds, as the demand for retail lending in foreign currency - a minimum, indicate the market participants. According to the results of March, the currency loan portfolio of natural persons, such as UniCredit Bank declined by 4.7%, despite the fact that the ruble grew by 3.4%, from Alfa-bank foreign exchange retail portfolio decreased by 3.3%, the ruble rose to 10, 4%. Before the crisis, the share of foreign currency deposits in Russian banks amounted to about 14-16%, in the midst of the crisis against the backdrop of the weakening of the ruble, it has risen sharply. Peak share of foreign currency deposits reached in the first half of 2009 (32.9%). In recent years, the share of foreign currency deposits decreased, and as of March 1, according to Central Bank data, it amounted to 19,2%. "Reducing the share of foreign currency deposits in banks' liabilities indicates the normalization of the situation in Gaza and return the balance of foreign currency and ruble deposits in the pre-crisis levels", - considers Limitovsky. According to the forecast of the DIA, the share of foreign currency deposits to pre-crisis levels of 14-16% can go to the end of 2011.