Page 64 - RusRPTAug19

8.1.3 Deposits
Retail deposits were up 0.6% m/m in nominal terms in June and 1.3% in FX-adjusted terms, for FX-adjusted y/y and YTD growth of 8% and 4%(excluding banks whose licenses have been revoked), respectively.
Corporate deposits were down 2.0% m/m in nominal terms in June and 0.9% in FX-adjusted terms, for FX-adjusted y/y growth of 5% and a YTD decline of 1%.
Russian individual deposits at banks has accelerated after several years of low growth as citizens tapped their savings to maintain their lifestyles in the face of almost six years of austerity.
Retail deposits in banks increased by 4.1% to RUB28.9 trillion during the first half of 2019, the Deposit Insurance Agency (DIA) reported. In January - June
64 RUSSIA Country Report August 2019 www.intellinews.com