Banks raise rates on deposits for small and medium business

After the decision of Central bank Russian Federation (Bank Russia) to increase a key rate large banks increased interest rates for deposits not only for natural persons, but also for small and medium business. Now businessmen had a good opportunity to receive the increased profitability at placement of free liquidity. One of the first rates change for MSB declared PUBLIC JOINT-STOCK COMPANY BANK "FK OTKRYTIE" (enters into Group "VTB") which reported about increase of rates on all line of ruble deposits on three percentage points. Central bank Russian Federation (Bank Russia) at an emergency meeting sharply increased a key rate at once by 3,5 percentage points. Decision...