VTB estimated the growth of the savings market in 2025

By the end of the year, the savings market in Russia may grow by 15% to almost 66 trillion rubles. Such a preliminary assessment was given by VTB Bank.

According to him, the main driver of growth remains ruble savings, the volume of which increased by 16.5% to 62.5 trillion.

VTB noted that the positive trend is supported by high deposit rates. In addition, experts have noticed that Russians have begun to take a conscious approach to the formation of savings and even during the period of monetary policy easing, they maintain an accumulative model. This indicates a strengthening of financial discipline and a structural shift in consumer behavior.

"We are witnessing not just an increase in assets in the accounts of Russians, but a fundamental cultural shift: savings have turned into a conscious financial strategy that generates significant capital. And even despite the steady decline in the key interest rate, Russians continue to accumulate funds on deposits and savings accounts. The savings market is showing steady growth, and, according to our forecasts, it will continue next year, showing double—digit rates," said Alexey Okhorzin, Senior Vice President and Head of the Retail Business Products Department at VTB.

According to the bank's forecasts, in 2025, Russian depositors will earn more than 9.5 trillion rubles in interest income on savings products. This amount will be comparable to the volume of all loans granted to individuals and will double the volume of mortgages issued this year.

Next year, VTB estimates that the portfolio of funds raised will grow by 11%, exceeding 73 trillion rubles. The growth rate will slow down compared to the current year, but it will still be higher than inflation, the bank stressed.

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