The Frank Media agency has published information that Russians have begun to massively withdraw money from term deposits in private credit institutions.
It is noted that Russian citizens are redirecting their savings to state banks.
Frank Media , in particular, points out: “The redistribution of deposits is being recorded. It began back in July and continues to this day.”
It is reported that the reason may be that state banks offer more favorable conditions to Russian citizens.
Unexpected changes
It is indicated that the most significant outflow of funds was recorded in T-Bank, which was previously known as Tinkoff.
Frank Media reports that 118 billion Russian rubles were previously withdrawn from this credit institution.
At the same time, the agency emphasizes that the bulk of the amount represented capitalization of interest.
Citing data from the Bank of Russia, Frank Media also claims that in July there was an increase in term deposits by 322 billion rubles.
Author: Margarita Sadkovskaya
