Page 87 - RusRPTMar21

8.1.3 Deposits
Funds of legal entities in January increased by RUB165bn (0.5%) due to foreign exchange balances (+RUB266bn in equivalent, or 2.2%), while ruble declined (-RUB101bn, or 0.5%).
The growth was due to the attraction of large deposits from companies oil and gas industry. Funds of organizations grew more actively in other large banks from the top 100 (+ 2.3%) than in (systemically important banks (SZKO) (+ 0.2%), although in the latter case the dynamics were multidirectional (the maximum growth in the context of individual banks reached 20%).
Household funds decreased by RUB881bn (-2.7%) after an inflow of almost 5% in December 2020. This happens annually and is due to the fact that in December many companies payments of bonuses and bonuses are made at the end of the year, as well as with social payments, including part of January pensions.
At the same time, in January, there is a traditional increase in expenses due to holidays (the percentage of use of cash income for the purchase of goods in the first quarter usually exceeds the same indicator for the fourth quarter by 7 - 12%).
Individual escrow accounts, which characterize household investments
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