Sberbank monitors the inflow of deposits of citizens in foreign currency deposits

Sberbank monitors the inflow of deposits of citizens in foreign currency deposits


The head of the Bank Herman Gref during the conversation with Russian President Vladimir Putin said the influx of deposits from individuals. “”but 10 months, this figure was 15%,” said Gref.

SOCHI, 10 Nov. Sberbank monitors the inflow of deposits of citizens in foreign currency deposits, said the head of Bank Herman Gref at a meeting with Russian President Vladimir Putin.

Gref during the conversation, said the influx of deposits from individuals: in 10 months the figure was 15%. He also reported on the inflow of foreign currency deposits.

“It is clear that people began to bear money in the Bank back. And today we have a large amount of excess monetary liquidity”, — said the head of Sberbank.

Gref also noted stronger demand from large and medium-sized business loans. “Well, what do we see recovery of demand trends, primarily among large and medium-sized businesses. Small businesses are recovering much slower,” said he.

The head of the Bank said that growth of crediting of physical persons in relative terms, even more than legal. According to him, since the beginning of year the savings Bank has granted new loans amounting to about one trillion rubles.

Gref said that the Bank’s net profit in October amounted to 34 billion rubles that became a record since the beginning of the year. In just 10 months, the profit amounted to 178 billion rubles. Gref said that the growth is achieved, including, due to the reduction of reserves due to a decrease in bad debt and reducing the risk of bankruptcies of borrowers.