Belarus’ Cbank reports 3% increase in Br deposits since early 2021
<p> MINSK, Apr 15 - PrimePress. Deposits in Belarusian rubles (Br) have increased by 3% since early 2021, first deputy chairman of the National Bank of Belarus Sergey Kalechits told a press conference on April 15. </p> <p> </p> <p> “The situation in the economy and expectations influenced the savings processes, and in 2020 we had an outflow of Br and FX deposits: Br time deposits - down 11.7%, FX time deposits – down by some 22%. This year, the situation has changed: the outflow in FX deposits is still continuing, but it is not so strong - 1.4%, Br deposits have grown by more than 3% since early 2021, not as much growth as we would like it to be,” said Kalechits. </p> <p> </p> <p> In his words, the structure of deposits is still dominated by the irrevocable deposits - 75% of the total, including 85% of irrevocable Br deposits. </p> <p> </p> <p> “As for maturity, we see that the lion's share of new deposits comes for short terms - up to 60% for a term of up to three months in rubles and about 30% for a term of three to six months. And the structure, the maturity, the irrevocability and the volume of deposits attracted is something that needs to be worked on. It's not a matter of one day,” said Kalechits. End </p>
2021-04-16
Primepress
Belarus’ Cbank reports 3% increase in Br deposits since early 2021
MINSK, Apr 15 - PrimePress. Deposits in Belarusian rubles (Br) have increased by 3% since early 2021, first deputy chairman of the National Bank of Belarus Sergey Kalechits told a press conference on April 15.
“The situation in the economy and expectations influenced the savings processes, and in 2020 we had an outflow of Br and FX deposits: Br time deposits - down 11.7%, FX time deposits – down by some 22%. This year, the situation has changed: the outflow in FX deposits is still continuing, but it is not so strong - 1.4%, Br deposits have grown by more than 3% since early 2021, not as much growth as we would like it to be,” said Kalechits.
In his words, the structure of deposits is still dominated by the irrevocable deposits - 75% of the total, including 85% of irrevocable Br deposits.
“As for maturity, we see that the lion's share of new deposits comes for short terms - up to 60% for a term of up to three months in rubles and about 30% for a term of three to six months. And the structure, the maturity, the irrevocability and the volume of deposits attracted is something that needs to be worked on. It's not a matter of one day,” said Kalechits. End