The Russian banks in large quantities raise rates on short-term deposits

On the decision Central bank Russian Federation (Bank Russia) sharply to raise a key rate for ruble exchange rate stabilization leading Russian banks reacted increase of rates on deposits. The most significant increase in profitability is observed in a segment of the short-term deposits most popular with clients for a period of 3 and 6 months. Increase in rates on short-term deposits declared practically all banks from top-10, including Public joint-stock company "Sberbank Russia", Joint-stock company "Gazprombank", JOINT-STOCK COMPANY "ROSSIYSKY SELSKOKHOZYAYSTVENNY BANK", JOINT-STOCK COMPANY "ALFA-BANK", MKB. In particular, PUBLIC JOINT-STOCK COMPANY BANK "FK OTKRYTIE" declared increase of rates on deposits for 3 and 6 months on 1,5-2 percentage points. Increase of rates against...