Regional banks deposit 87.1% of accounts balance into inter-branch accounts, reports ISB Bank

ISB Bank (Investment and Savings Bank) published a report on Sverdlovsk Region’s financial transactions in January-September 2006.

The amount of money deposited by the regional banks into correspondent accounts and inter-branch accounts went up 32.5% compared to October 1, 2005. The banks deposited 8.9% of the total amount into the correspondent accounts of Sberbank of Russia, 4% into nostro accounts, and 87.1% into inter-branch accounts.

The regional banks kept accumulating funds on correspondent accounts in the third quarter of 2006, so the amount of money in correspondent accounts of Sberbank of Russia and in private payment systems increased by 33% and 32.1%, respectively. The amount of money deposited into inter-branch accounts came to 87.1%.


Other materials on the topic::