Russian Economy News: “Savings” was the main victim of a bank run on the banks

Friday, December 19, 2014

“Savings” was the main victim of a bank run on the banks – NEWSru.com

"Savings" was the main victim of a bank run on the banks – NEWSru.com

In the State Bank began a mass withdrawal of funds from card accounts and deposits, to stabilize the bank raised rates on deposits, write “Vedomosti” .

“In the first two weeks of December we had an influx of money from investors, but after raising the key rate of the Central Bank population panicked, heated rumors and newsletters – was quoted a source in the bank. – Our ATM network ever never seen such traffic, with overdrive, we have not encountered. ”

According to him, the State Bank “is a massive withdrawal of money from cards and accounts to people so affected local distribution and various rumors that the contributions can not be issued a card – block”.

The same was said on the eve Business FM deputy chairman “Sberbank” Stanislav Kuznetsov: due to excessive demand in ATMs periodically end notes, loading the ATM is accelerated.

The top manager of a retail bank in the top 30 says that his bank is also faced with the influx of investors (this week the bank has lost 20% of the population), are also experiencing problems with the site and online banking.

The depositors of other banks also withdraw cash accelerated pace – as currency and rubles recognized many bankers, but the mass withdrawal nobody speaks.

Some banks, mostly heavily to raise rates, and did claim that faced with the influx

of investors. “Savings” is also December 18 increased rates on deposits: the maximum premium to current rates in rubles was 2 n. N., In euros and dollars – 3.55 n. N. But even after raising its rates on deposits are lower than those of 20 % who now offer some banks

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// NEWSru.com // // In Russia, December 17, 2014