Banknotes and coins of Russia are being put into a can.
Photo: Ivan Makeev
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Bank Deposits Fail to Keep Pace
The deposits with the RF banks grew by 16 percent in the first eight months, but the capital outflow of the 10th percent point might have happened in September, RIA Novosti reported.
The deposits with Russia’s banks stepped up 16 percent in January through August vs the growth of 19 percent posted a year earlier, Deposit Insurance Agency General Director Alexander Turbanov told RIA Novosti Thursday.
“The deposits grew 16 percent during eight months,” Turbanov said. The bank deposits neared 6 trillion ruble by the eight-month result. “We haven’t seen September reports yet. Under our preliminary estimate, the growth in deposits has either discontinued or the insignificant outflow of the 10th percent point has revealed itself,” the official said.
“Today’s situation is of severe turbulence, the tension will last for some time. But we will get out of it with the losses lower than in 1998 and even below 2004,” Turbanov hoped, forecasting that the October situation will resemble the September one and some improvement could be expected in November or December.
www.kommersant.com
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