Individual deposit accounts with fixed period have increased by 8 billion rubles

Moscow, 17 March. The Russian Regional Development Bank’s business is successfully increasing. In March, the volume of the bank’s portfolio of individual deposits exceeded 8 billion rubles. Compared with the data at the beginning of the year, this represents a growth of over 4%. The total number of deposits reached almost 7,500, which represents a 16% increase compared with 1^st January 2010.

The main inflow of individual deposits came from the regions where the deposit portfolio amounted to almost 17.5% and exceeded 2.8 billion rubles in the regional branches. The number of private deposits in the regions where the Bank has some branches grew by 23.4% in comparison with the data at the beginning of the year, exceeding 5,800.

Olga Akupenko, Head of RRDB Retail Business Department, noted: “We have lowered our rates for individual deposits twice this year already to comply with market trends and the Central Bank’s recommendations made to credit institutions. We are planning another rate decrease in the near future. Nevertheless, funds continue flowing in RRDB deposits. This is a good sign for us indicating that our customers entrust their long-term savings with us, a stable and reliable financial institution.”

“Smart Money” is RRDB most popular deposit. Any RRDB bank cardholder may open one. This type of deposit may be topped up using RRDB ATMs. “Right-2” is the second most popular deposit as it offers great flexibility in choosing the deposit end term, which may be scheduled to a specific date.
Soon, RRDB will decrease its consumer credit rates thanks to the Bank’s achieved volume of deposit portfolio.