Sberbank explained the decline in foreign currency deposits for a billion dollars

© RIA Novosti / Natalia to Seliverstova in fotobounce savings Bank. Archival photoSberbank explained the decline in foreign currency deposits for a billion dollars© RIA Novosti / Natalia to Seliverstova the image Bank

Sberbank named the decline in foreign currency deposits of 1.2 billion dollars of «managed evolution of the balance.»

Previously, the Agency Bloomberg published an article which reported a decrease in the amount of foreign currency deposits in Sberbank for $ 1.2 billion. The publication explained the outflow of funds to the fears of investors, which could be caused by the threat of sanctions against Russia. It was also noted that foreign currency deposits account for approximately 29 percent of total deposits. The whole amount of deposits, according to the publication, is 324 billion dollars.

In a press-service of Sberbank said that the financial institution optimizes the attraction of funds, when the loans in certain currencies or reduced contributions to them are unreasonably expensive.

«Sberbank dynamically manages its balance and supports diversified liabilities structure, providing in addition to reliability, high efficiency», — stated in the message.

Also in Sberbank added that the outflow of one billion, when all foreign currency share of deposits is 94-95 billions of dollars should not be viewed as the consequences of directed evolution of the Bank’s balance sheet.

In addition, the press service noted that the Bank raised interest rates on dollar deposits — the maximum now is two percent.

Dollar transactions for citizens will not stop

In August, the U.S. Congress introduced a bill that includes a package of anti-Russian measures, including sanctions against the new Russian debt in state banks, including Vnesheconombank, Sberbank, Gazprombank, Promsvyazbank, VTB and Rosselkhozbank.

The Russian Central Bank said that the imposition of sanctions by the US operation with the us currency for the citizens to stop will not.

The CB Deputy Chairman Sergei Shvetsov called the rumors about the problems with the dollar in Russia is exaggerated. «But it absolutely does not mean that we should to rely in its foreign trade, in domestic operations in the American, European, or any other currency. The ruble is the national currency,» he said.

Shvetsov also added that the US is less interested in discouraging the use of dollars.

«This is the best in the world of business to print papers and in exchange for printed products to benefit all of the world, so, of course, will not happen <…> No blockade from the point of view of the use of the dollar, at least from the rhetoric, which today is, and such question is not necessary», — he concluded.

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