Page 62 - RusRPTJan22

8.1.3 Deposits
The CBR has published its flash banking sector report for November.
Corporate balances were up 4.3% m/m, from +0.3% m/m in October,
driven by elevated end-of-year government spending, while retail account balances were down 0.1% m/m. The latter development mostly hinges on shrinking current accounts, with retail deposits still growing, propped up by tightening monetary policy and rising deposit rates. The seasonally adjusted growth rate is still positive.
62 RUSSIA Country Report January 2022 www.intellinews.com