Page 78 - RusRPTFeb19

8.1.3 Deposits
Russia’s top 10 banks’ deposit rate rises to 7.38% as if December 1. At the beginning of December, the rates of the basic line of deposits were increased by two banks, the data of, which the Central Bank takes into account when calculating the average maximum rate of the top 10 (it increased to 7.38% by December 10). Promsvyazbank raised deposit rates for a period from one year to 0.2-0.35 pp. Its maximum rate increased from 7.15 to 7.5%. In Gazprombank, the base rates raised by 0.2-0.75 pp, and the maximum reached 7.25% per annum. Uralsib Bank also increased rates by 0.25-1.4 pp only for deposits up to one year, but the maximum profitability of its deposits remained: 8% per annum (when investing for 1100 days 100,000 rubles). In the Renaissance Loan, the rates increased by 0.1-0.25 pp, the maximum - up to 8.1% with an investment of 550 days at least 30,000 rubles. in the office or up to 8.25% (from 5000 rubles, online). Russian Standard, Absolut Bank, Vostochny, UBRD increased rates for one of the retail investment periods to 8%, 7.7%, 7.3% and 7.5%, respectively. Also, rates have risen in MTS Bank, OTP Bank, mainly due to the new "New Year" deposits with a limited period of validity.
78 RUSSIA Country Report February 2019 www.intellinews.com