UBRD: Saving Certificates Up 6.5 Times

UrBC, Yekaterinburg, March 27, 2017. The overall value of the Ural Bank for Reconstruction & Development’s savings certificates rose by 6.5 times in the course of one year and reached 6.16bn RUR on March 1, 2017; this is the second best result among all Russian banks, the bank’s press service reports.

The bank’s customers apparently prefer to have the long-term fixed interest rate option. The overall value of UBRD’s six-month savings certificates went up by 7.5% and that of twelve-month ones by 12%, which reflects the overall national trend: the amount of one- to twelve-month savings certificates rose by 14% on the Russian market in the last twelve months.

The average amount of money deposited in the form of a savings certificate also increased.

‘On average, customers now invest 25.6% more money in the form a savings certificate, with the average amount reaching 623,000 RUR on March 1, 2017. This is a clear indicator of how much trust customers have with the bank,’ says UBRD Liability-Related Transactions Director Olga Aksenova.

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