Page 94 - RusRPTNov21

The attractiveness of deposits continues to grow amid growing deposit rates. Thus, the average maximum rate on deposits reached 6.33% in the third quarter of September having increased by 0.2 percentage points compared to August and by more significant 0.8 percentage points since July.
The growth of household funds in escrow accounts has slightly slowed to RUB131bn in September from RUB150bn in August and RUB179bn in July, mainly due to an increase in the rate of disclosure of escrow accounts, while the volume of sales of real estate objects with escrow remain the same.
Public funds increased by RUB336bn, up 3.8%, mainly due to placement additional funds in banks by the Federal Treasury. At the same time, this figure was not affected by the above-mentioned social support in the amount of RUB0.5 trillion, since the funds were debited from the accounts of the Ministry of Finance of Russia at the end of August.
94 RUSSIA Country Report November 2021 www.intellinews.com