Home>News>Economy>Banks>Banks following the Central Bank reduce rates on ruble deposits

Banks following the Central Bank reduce rates on ruble deposits

Banks
09.02.2020
64
Banks following the Central Bank reduce rates on ruble deposits

Leading Russian banks are going to once again cut deposit rates following the reduction in the refinancing rate by the Bank of Russia, Forbes reported. Two banks out of ten leading ones told Vedomosti that they plan to reduce profitability on mortgage deposits, the other two representatives spoke about their readiness to cut profit on ruble deposits.

Before the regulator’s board of directors meeting, the rate of decline in profitability on ruble deposits increased in some credit institutions. For example, on February 7 Alfa-Bank reduced the yield on deposits in rubles by 0.2-0.8%. Clients who don’t use other products of the organization and open a deposit in the amount of 5 million rubles or more for a period of 3 years will receive a yield of 4.8% per annum.

The press services of FC Otkritie, Sovcombank and others noted that they also plan to gradually reduce the profitability of deposits. Sergey Khotimskiy, Deputy Chairman of the Board of Sovcombank, specified that the maximum rate for the next six months will not exceed 5.5% per annum.

Author:Елена
07.10.2021, 20:52
103
‘We have failed Yemen’: UN human rights council ends war crime probe
24.11.2021, 22:30
156
Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets
15.09.2021, 05:30
94
Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document
13.06.2021, 18:31
56
Pelosi: ‘beyond belief’ that Trump DoJ chiefs didn’t know of secret subpoenas
14.10.2021, 08:15
94
Natural Gas: Is Mid-$6 Price Returning Or Has Putin Calmed The Market For Now?
18.10.2021, 11:30
162
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners
25.11.2021, 04:25
70
Hillary Clinton: Regulate crypto to stop manipulation by Russia and China
23.10.2021, 12:13
96
Record Covid fatalities as Russia prepares for nationwide curbs