Fixed-term ruble deposits of individuals reached Br10 billion at the beginning of October
In September, savings activity of individuals in national currency increased in Belarus.
This is evidenced by data from the National Bank.
National Bank statistics on deposits for September
According to the National Bank of the Republic of Belarus , in September, fixed-term ruble deposits of individuals increased by 302 million rubles, and as of October 1 they reached 10 billion rubles.
Since the beginning of the year, fixed-term deposits of individuals in Belarusian rubles have increased by 2 billion rubles.
The growth of deposits was facilitated by attractive conditions for long-term deposits.
In September, almost half of the volume of deposits from individuals was attracted by banks for a period of more than one year (of which 93% were irrevocable long-term deposits with an average yield of 13.5% per annum).
Term deposits of individuals in foreign currency continue to decline.
Having decreased by $43 million in September, they amounted to $2.6 billion on October 1.
Since the beginning of the year, fixed-term deposits of individuals in foreign currency have decreased by 407 million dollars.
The share of the ruble component in the structure of term deposits of individuals increased from 46% to 55% in January-September, which indicates the continuing devaluation of the economy.
