Russians have more trust in national banks

A tendency has surfaced that Russians have an increasing trust in the national banking sector, Andrei Kozlov, first deputy chairman of the Central Bank has said on Thursday. He was speaking at the session of the Interregional Banking Council under the Federation Council /the upper chamber of Russia's parliament/.

In Kozlov's information, the volume of private deposits has increased by a quarter to 1.3 trillion roubles /1 dollar approximately equals 30 roubles/ since the start of this year. Thus, the volume of private deposits is now 1.5 times higher than the pre-1998 crisis level, he has said.

Kozlov has also said that in 2003 the growth rate of private deposits in roubles is higher than the one in foreign currency.

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Author`s name: Editorial Team