Deposits of the population in banks in 2021 increased by 5.7%

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AK&M 28 January 2022 18:14

The volume of deposits of the population in banks in 2021 increased by 5.7% (in 2020 by 4.2%), including due to an increase in the profitability of deposits. This is reported by the Bank of Russia.

The population's funds in banks increased by 4.6% in December 2021, which is typical for the end of the year, when bonuses are paid and social payments are advanced for January.

Both term deposits (+3.4%) and current account balances (+6.7%) increased. The growth of funds on term deposits is also supported by the continued growth of deposit rates: the average maximum rate on rubles increased by 0.5 percentage points to 7.7% in the third decade of December compared to the third decade of November.