Aleksey Kuzmin
CJSC CB “Rosinterbank”, First deputy Chairman of Board
Since the beginning of the year the spread between ruble deposits and foreign currency deposits has not undergone any substantial changes despite the fact that rates for mentioned deposits have endured certain changes. We run quite a flexible policy with regard to attracting monetary funds and promptly react to market changes. At the beginning of the year due to the general rate growth of currencies, the deposits in foreign currency were in high demand though upon deposits’ profitability it took no effect in our bank.
As a whole, since the beginning of the year the profitability of both in ruble and currency deposits have been regularly diminishing. The decrease depending on the currency label made from 0.12 to 0.16%. Considering the even decrease of profitability for all currencies, in practice the spread has not been changed at all.
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Aleksandr Turskov
Bank Intercommerce, Vice-president
The spread between ruble to currency deposits profitability is growing.. It can be explained by the fact of ruble deposits rate stability and their annual interest rate of 10 to 10.5% since January of the current year, whereas with regard to currency deposits we have twice taken the lead for a planned lowering of the rates in the last two quarters. This kind of situation is bound up with the trends happening now in the banking business market, risen risks owing to strong fluctuations in stock markets as well as with the decrease in opportunities of investing funds in foreign currency. Generally speaking currently this trend is typical for the whole banking system.
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Yuliya Malishkina
MTC Bank, Director of the Department of elaboration of business processes and products description
Profitability stays almost on the same level. To a great extent it is connected with the lack of sharp variations of currency rates and the currency buy demand with further intensions to deposit those.
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