Russian banks raise interest rates on short-term deposits, due to Russians' interest in this product.

As the media reports refering to the data of credit organizations, interest rates on short-term deposits have started to grow from the beginning of the current year. This resulted in a 67% increase in the ruble deposit portfolio, to 473.7 billion rubles.

It is reported that the portfolio of 30-day deposits has grown by 9.5% and amounted to 61.05 billion rubles. The reporters have recorded a decrease in activity for a portfolio of up to 6 months. Deposits of this sector of the banking sector have decreased by 5%.

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