According to
the National Agency for Financial Studies (NAFI) in the first four months of
2010 the total amount of the citizens’ money in the banks increased by 26,7%
and on the 1
st of May 2010 it passed the mark of 8 trn. rubles. This
trend was ensured by three factors: the people’s wish to save more, the deposit
interest rates increase, and redistribution of the peoples’ money to less risky
assets. In 2009 the volume of savings increased by 16,8% against 2,2% in 2008.
According to
the results of NAFI poll half of all Russian citizens spend all the money on immediate
needs and make no savings. As the income grows people tend to save: in the group
of big cities’ citizens with high income 80% make savings, only 16% spend all
the money.
In 2009 the
major Russian banks were the leaders on the deposit market. Now there is a
trend of deposits concentrating in the major banks, which endangers existence
of the smaller and less popular players. TOP 30 banks have 75% of funds
borrowed from individuals. As of April 1, 2010 the 5 top banks in this area
were Sberbank of Russia, VTB 24, Bank of Moscow, Gazprombank and
Raiffaizenbank.
For now the
most popular form of current savings both in Russia (39% of respondents) and
among the groups of people with high income (30%) is savings in Russian rubles.
Thengoesbankdeposit (23%). 19% of respondents put money on the current
account.
NAFI
