Central Bank posts data on deposits at Russian banks

As of August 1, 2002, there was RUR532.020bn (about $16.80bn) on accounts at Russian banks in foreign currency, which was 16.9 percent less than at the beginning of the year, the department for external and public relations of the Central Bank of Russia reported. This sum includes RUR334.115bn (about $10.55bn) in deposits of private individuals, RUR165.613bn (about $5.23bn) in deposits of companies, and RUR32.292bn (about $1.02bn) in deposits of banks.

The amount of private individual deposits in foreign currency gained 37.1 percent against the beginning of 2002; the amount of companies' deposits declined by 10.1 percent. At the same time, private individuals prefer keeping their resources at deposits from 91 to 180 days. The mentioned accounts have accumulated 29 percent of attracted resources of private individuals in foreign currency. The majority of company deposits in foreign currency are placed for the term from one to three years (28.8 percent). Only 0.5 percent of private individuals and 11.7 percent of Russian companies deposit their resources at banks for over three years.

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