VTB reported an increase in the number of depositors this year

Despite the reduction in rates on savings products, the total number of depositors in VTB increased by 17% or 2 million people in nine months, said Alexey Okhorzin, Senior Vice president and head of the bank's retail business products department.

Since the beginning of the year, the number of customers who decided to keep their savings in VTB has increased from 11.6 million to 13.6 million people. This trend shows that savings instruments (deposits and savings accounts) remain attractive to the population in the current macroeconomic environment.

Since the beginning of the year, VTB has increased retail customer investments to 11.1 trillion rubles. Individuals hold 8 trillion rubles in deposits and 1.8 trillion rubles in savings accounts.

"We are observing a fundamental trend: in the context of normalization of interest rates, the savings behavior of Russians is becoming more conscious and diversified. The need for savings has not gone away, deposits and savings accounts remain the priority choice of the population. The figures confirm this," Okhorzin said.

According to VTB forecasts, the savings market in Russia will grow by 15% to 66.2 trillion rubles by the end of the year.

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