Wednesday, June 1, 2011

Retirees impacted on the banking market

In the period from 2007 to 2010, the average increase of pensions in Russia stood at 30% per year. This led to the fact that the share of pension savings of the citizens in recent years has increased by 10-15% annually, against the previous growth of 5-7% - estimated the chief economist at Alfa Bank, "Natalya Orlova. Leader in this sector is traditionally a "Savings Bank", where, for objective reasons, it is more convenient to receive payment. The growth of pension funds has led to a number of banks that formed the excess liquidity. However, the demand for money is significantly lower than the proposals - said Orlov Conference "Promising strategies of banks 2011 2012.." "Senior citizens - not the poorest section of society" - has confirmed the project manager's Man and the money of the Public Opinion Foundation (FOM) Ludmila Presnyakova. According to the All-Russian study conducted by Public Opinion Foundation in 74 regions of Russia, 29% of pensioners have bank savings. However, banks in most cases do not pay adequate attention to this target audience, although it has significant growth potential.

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