VTB reported record deposit demand in December 2024

Demand for deposits record growth in December 2024. This was reported in the press service of VTB Bank on January 16.

"December 2024 showed an absolute record in attracting funds from the population for VTB. The portfolio of classic retail savings of the bank in this month increased by a record 895 billion rubles, the growth in relation to November was 9.2%, and compared to December 2023 - one and a half times", - stated in the message of the credit organization.

Savings in the national currency increased by almost 60% over the past year - up to Br9.9 trillion. In 2025, VTB predicts their growth by another third, up to Br13.3 trillion.

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Earlier, January 13, former Deputy Minister of Economy, Doctor of Economic Sciences Alexei Vedev said that the deposit rates for households have reduced 10 of the 20 largest Russian banks. This is evidenced by the data of financial marketplaces. On average, deposits have become less favorable by 0.5%. The largest reduction in rates was recorded in the following banks: Gazprombank, Alfa Bank, T-Bank, bank "Dom.RF" and Bank "St. Petersburg".

The Central Bank of Russia reported on January 14 that the average maximum interest rate on deposits in the 10 largest banks in Russia in the third decade of December decreased to 21.69%.

The Central Bank's Board of Directors raised the key rate to 21% on October 25 last year. Then, on November 19, the head of the regulator Elvira Nabiullina said that if Russia does not face additional economic shocks, in 2025 the Central Bank could start reducing the key rate.