SKB-Bank rated 14th for deposit growth

27 January 2010 (12:28)

The year 2009 was marked by the impressive inflow of private individuals’ investments. According to Finance magazine, the total volume of deposits opened at the Russian banks by private customers increased by 18.5% since the beginning of January 2009 and reached more than 7 trillion RUR on December 1, 2009.

A number of provincial banks were even more successful in this respect than the country’s average figures might suggest. For one, SKB-Bank witnessed an 81.7% increase in the volume of private individuals’ deposits over January-November 2009. The Finance magazine reports this makes SKB-Bank an ultimate leader within the banks based in Ural Federal District. What is more, SKB-Bank is one of Russia’s Top 30 banks in terms of private individuals deposit volume: the bank was given the 28th position on the list on December 1, 2009.

Most private customers choose to open ruble deposits, and the growing trust in the national currency as well as its improving exchange rate make the share of foreign currency deposits keep going down.

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