In March 2014, the average weighted rate on retail ruble loans provided by Russian banks for a term of up to 1 year increased to 24.11% p.a. from 24.01% in February, according to the Bank of Russia.
The average weighted retail loan rate on loans maturing in over 1 year decreased to 18.26% from 18.5%.
The average interest rate on personal deposits for a term of up to 12 months (excluding call deposits) increased to 7.44% p.a. in March from 7.41%. The average interest rate on personal deposit for a term of more than 12 months decreased to 8.46% from 8.47% p.a