Financial capabilities of the population in the formation of the deposit portfolio of banks

D. R. Baetova and E. A. Dmitrenko
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D. R. Baetova: Omsk State Agrarian University named after P. A. Stolypin, Omsk, Russian Federation
E. A. Dmitrenko: Omsk State Agrarian University named after P. A. Stolypin, Omsk, Russian Federation

Russian Journal of Social Sciences and Humanities, 2023, vol. 17, issue 4, 192-201

Abstract: The socio-economic changes taking place in our country necessitate the implementation of new approaches in banking. The decrease in the share of the population’s funds in the resource base of the banking system and the predominance of funds in demand accounts creates the problem of retaining the population’s funds in the banking system and stimulating the placement of funds on term deposits. In this regard, it is necessary to analyze the financial possibilities of forming term deposits of the population, taking into account the influence of the main factors – the cost of living, wages, household size, interest rates, etc. A variant of household banking services based on a family account is proposed, the feature of which is a more deliberate spending of funds. To form term deposits, the “Family Account” service must include a current account for daily expenses and a term deposit, which is replenished monthly in the amount of a percentage of household income established by the contract. Calculations were made for the millionaire cities of various federal districts of the Russian Federation. In total, households have the opportunity to accumulate over 20 % of the monthly family income, which will increase the share of term deposits in the banking system and increase the stability of the deposit portfolio, as well as receive additional income for households.

Keywords: household income; deposit portfolio; family account. (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:aws:omskjl:v:17:y:2023:i:4:p:192-201

DOI: 10.57015/issn1998-5320.2023.17.4.19

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