The number of Russian banks from the top 30 that offer to open deposits in dollars, decreased by a quarter during the year – from 16 to 12. The number of banks, where you can make deposits in euros, also decreased – from 12 to 11.
The volume of supply decreased due to low demand for such deposits of the population and tightening regulation by the Central Bank. In 2023, the Central Bank has already twice increased the reserve rates for foreign currency deposits, last time it happened May 23. The regulator also reported plans to discourage the work of banks with dollars and euros, recalling sanctions risks. At the same time deposits in yuan are now offered by at least 36 banks.
“Citizens are less and less eager to open deposits in dollars and euros, as it becomes less profitable”, economist Dmitry Afanasyev explains. – Many prefer to shift to other financial instruments or open deposits in yuan.”