The Russians began to open more ruble deposits

© RIA Novosti / Ruslan to Krivobokova in fotobanka Bank. Archival photoThe Russians began to open more ruble deposits© RIA Novosti / Ruslan to Krivobokova the image Bank

The population of the Russian Federation in January-April 2017 increased deposits in rubles in banks by 1.2 percentage points to 77.5% on may 1, against 76.3 per cent at the beginning of 2017, said in an interview with RIA Novosti the Chairman of the Central Bank of Russia Vasily Pozdyshev.

«The share of ruble deposits (public — ed) is steadily growing: on may 1, it is 77.5% against 76.3 per cent on 1 January. Ruble deposits grew by 1.8% in 4 months. Currency now the population holds 22% of the deposits, whereas a year ago to 26%,» — said Pozdyshev.

CBR also observed the tendency of growth of loans in rubles to the population, which is almost increased to the maximum values and the reduction of lending in foreign currency, said the Chairman of the Bank of Russia.

So on January 1, 2017 98.5% of loans loans to individuals were issued in rubles, and on may 1 to 98.8%. If ruble loans to individuals increased by almost 2% for the four months of the year 2017, foreign currency loans decreased by 12% over the first four months of this year, said Pozdyshev.

«In part credit to the public, it is less a question of system stability (since foreign currency loans to citizens very little), but mostly socio-political,» said Pozdyshev.

CBR has previously taken regulatory measures to foreign currency loans banks issued to the population, and they practically are not issued, said the Chairman of the regulator.

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