Template-type: ReDIF-Article 1.0
Author-Name: Sergey A. Zubov
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Retail Deposits in January-November 2021
Title: Депозиты населения в январе-ноябре 2021 г.
Abstract: Retail bank deposits in January-November 2021 increased slightly, their share in bank liabilities decreased. The factors of the slowdown were: the outflow of funds into the purchase of real estate due to the availability of mortgages; attractive conditions on the stock market; the growth of cash savings in the overall structure of savings; the introduction of a tax on interest on large deposits. Starting from Q2 2021, the tightening of the monetary policy of the Central Bank of the Russian Federation contributes to an increase in deposit rates, which in the near future can restore the attractiveness of bank deposits.
Keywords: Russian banking sector, retail lending, debt burden indicator, macroprudential markups, Bank of Russia
Classification-JEL: D81, E58, G21
Journal: Russian Economic Developments
Year: 2022
Issue: 1
Month: January
Pages: 33-35
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2207.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2207