Savings of Russians funneling under the mattresses

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The cleanup of the banking sector, which for three years has claimed the lives of more than 300 banks, turned a bitter experience for the Russian population, credit institutions have entrusted their savings.

At the end of last year, more than 55 thousand Russians lost in broken banks 25.5 billion rubles for the same amount of their deposits exceeded the insurance limit, the payment of which guarantee of ACB (1.4 million rubles).

In two years the number of “prevalence” left without compensation, has exceeded 100 thousand, follows from the statistics Agency.

However, the amount of losses decreased by almost half – a year ago, in excess of the insurance limit was deposits on 48 billion roubles.

This evidence suggests that people actively avoid the practice of storing one Bank more than 1.4 million rubles, says the managing partner of the audit company 2K Tamara Kasyanov. “Overwhelming people know about the serious risk of closure, even very large credit institution and the amount on Deposit has decreased significantly,” she says.

Over the past year, the Central Bank revoked the licenses of 47 banks. A sharp decrease in the number of Bank taken “scalps” (a year ago without the “person” only 97 players) regulator compensated for their “quality” of the market was evacuated, the Bank “Ugra” (20-th place by assets) and Tatfondbank (47th place), and the “Discovery” of the Bank and Promsvyazbank remained afloat only thanks to the “printing press” of the Central Bank, which took them to reorganize through PCBS.

People began to apply the strategy funds for banks, which are included with the insurance system, says Director of retail business of RosEvroBank Dmitry Falaleev. And besides – switching EN masse to Deposit savings in the form of cash, the study found NAFI.

According to a November poll, under the mattress in cash rubles kept accumulating 21% of the Russian population. This is 5 times more than in 2016, and record at least 10 years.

According Ranepa, the amount of cash in the financial system, 10 months in 2017 increased to 375 billion rubles. This is 2.7 times more than a year ago.

Approximately the same amount (412 billion) reduced the inflow of deposits into banks: it amounted to 720 billion rubles, as against 1.13 trillion in 2016.

The volume of cash currency on hands at the population jumped to 660 billion rubles, 1.5 times more than a year ago.

Due to the reorganization of the three systemically important banks, but also “overly zealous application of anti-laundering measures, including blocking of personal accounts and cards for individual entrepreneurs,” says chief economist BCS Vladimir Tikhomirov: all this makes cash more preferable.

In fact, the country is again in the era of “the accumulation of currency under the mattress”, pessimistical the analyst of “Finam” Alexey Korenev.

“There’s nothing good, as the fall in demand from buyers due to the decrease of income and preferences to accumulate, rather than spend, leading to lower production volumes and falling prices as manufacturers and retailers of products,” he explains.

 

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