Operational cash department in one of Sberbank branches. The Russians withdrew 80 billion ruble from Sberbank in October, making that month the most unfortunate for the bank in the recent ten years.
Photo: Dmitry Lebedev
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The Russians Withdrew 80bn from Sberbank
The Russians withdrew 80 billion ruble from Sberbank in October, making that month the most unfortunate for the bank in the recent ten years, Vedomosti reported with reference to its sources.
In Sberbank, they attribute the outflow of this extent to the fact that the clients opened only a few new deposits in October. Instead, they were aggressively withdrawing the money on rumors about the ruble devaluation and denomination. The situation has stabilized in November.
Sberbank attracted 13 billion ruble in deposits in September, although the amount had been twice as much in the previous months.
So far, the money outflow from Sberbank had been registered only twice since 1999, according to Russia’s statistics authority Rosstat. Depositors withdrew 4.8 billion ruble in January of 2006 and 17.2 billion ruble in January of 2008.
The deposits with Russia’s banks amounted to 5.9 trillion ruble as of October 1. Some 90 billion ruble flew out in September. According to the CBR, the ruble deposits lowered by 2.1 percent in September, while the foreign exchange deposits widened by 2.7 percent.
www.kommersant.com
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