Sberbank has lowered rates for deposits in euros, to level them with the rates on dollar deposits

Sberbank, Russia's largest, June 1, reduced the rate for deposits in euro for 0,75-0,9 percentage points to level them with the rates on dollar deposits. This was reported by RIA Novosti, Irina Kibina, director of public relations department of the Savings Bank. Open earlier contributions to preserve the existing rate until the expiry of the deposit, "- she added. The reason for lower rates Kibina called changing market conditions. Sberbank's deposit market exceeds 50%, and the volume of deposits - 3 trillion rubles. Kibina did not specify what proportion of foreign currency deposits in the Savings Bank. Recently, the first deputy chairman of Bank of Russia Alexei Ulyukayev urged the banks to a more balanced approach to questions of formation rates on borrowed funds. On Tuesday, deputy director of the Deposit Insurance Agency Andrey Melnikov admitted that there is a trend increase in average interest rates on ruble deposits, since it is the main instrument of competition in the current environment. Rates on deposits in Sberbank has traditionally been a reference point for the market. Portal Bank.ru Materials Rihanna.