Growth of the retail bank deposits has slowed down, however cash savings trend remains
Russian Economic Developments, 2016, issue 12, 33-35
During the first three quarters of 2016, growth rate of the retail bank deposits and accounts has slowed down twofold in comparison with the same period of 2015. However, it is still premature to talk about the dismantling of the savings model. Cash dynamics demonstrate increment of the households’ propensity for cash savings. Slow growth of the population’s loan debt retains positive net increment of retail assets.
Keywords: Banking sector; Russian Economy (search for similar items in EconPapers)
JEL-codes: E21 E41 E51 E58 G21 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://iep.ru/files/RePEc/gai/recdev/recdev-2016-12-805.pdf Revised version, 2016 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gai:recdev:recdev-2016-12-805
Access Statistics for this article
Russian Economic Developments is currently edited by Alexei Vedev
More articles in Russian Economic Developments from Gaidar Institute for Economic Policy Contact information at EDIRC.
Series data maintained by Victor Hugues ().