December 7, 2012 In the third quarter of 2012, the retail deposits volume in Ural Federal District-based banks rose by 5.8bn RUR and came to 344.2bn RUR (against 1.3bn RUR increase in Q3’11). In relative terms, the growth in Q3’12 was 1.7% — the same as in Russia on the whole (compared with 0.4% in the third quarter of 2011), The Deposit Insurance Agency State Corporation reports.

All in all, the local banks’ deposits volume rose by 28.5bn RUR in the nine months of 2012 (compared with 18.6bn RUR in January-September 2011). The daily increase went down to 62.7m RUR in Q3 against 227m RUR a day in Q2 and 22.5m RUR a day in January-March. However, this was 4.5 times more than the daily gain in the retail deposit growth in Q3’11.

In relative terms, the retail deposits volume grew 1% slower in Sverdlovsk Region than in Russia on average in the nine months of this year and amounted to 9% on October 1, 2012 (compared with 6.7% in January-September 2011). The strengthening of the ruble against the euro and the dollar had a negative impact on the dynamic of the last nine months: the retail deposits in foreign currency only grew by 9.4%.