Foreign Currency Deposits Make Up 21.5% of All Bank Deposits in Russian Banks

UrBC, Moscow, February 28, 2019. 21.5% of deposits opened by private customers at Russian banks were foreign currency ones as of February 1, 2019 (up 0.1% on January 2019 and up 0.9% if the foreign currency revaluation factor is omitted), the Central Bank of Russia’s recent report on the country’s banking market in 2018 and early 2019 states.

In late January, the share of foreign currency deposits and foreign currency in businesses’ accounts was still 37% just like at the start of the year (and almost 38% if the foreign currency revaluation factor is omitted). The overall amount of interbank loans obtained from non-residents decreased by 9.8%.


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