“Izvestia”: state-owned banks may lose leverage in the market of deposits – BBC

"Izvestia": state-owned banks may lose leverage in the market of deposits – BBC

Several Russian banks asked the Central Bank with a request to be excluded from the calculation of the weighted average rate on deposits of individuals all credit institutions, occupying more than 20% of the market deposits. Write about it «News» with reference to the letter of the Association of Regional Banks of Russia.

The weighted average rate the central bank determines every 10 days for the 10 largest banks with a maximum volume of deposits. Bank of Russia banned raise rates on deposits of more than 3.5% higher than the ratio.

Authors of the message, in particular, offer do not count Sberbank and VTB. State banks, in their opinion, underestimate the size of the average rate.