Sberbank’s private deposits go up 20.9%

The volume of deposits opened by private individuals at Sberbank of Russia went up by 20.9% and reached 3.776 trillion RUR in 2009.

According to the bank’s official report, the total increase came to 652 billion RUR in absolute figures, with 232 billion RUR coming in December 2009. This was probably because Russian companies paid various end-of-year bonuses to their employees.

‘The stable increase in private investment helped Sberbank maintain a high liquidity level and make up for the outflow of business customer investment (businesses withdrew 76 billion RUR from Sberbank last year). Also, we could afford to make do without the Bank of Russia’s loans, which turned out to be impossible in the first half of the year,’ the bank’s press service reports.

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