The ruble savings market in Russia grew by almost 7% in the first half of 2025
The volume of ruble savings in Russia in January–June increased by 6.9% and exceeded 57.3 trillion. The total portfolio of household funds in banks amounted to more than 60.6 trillion rubles. The share of foreign currency savings decreased from 6.8% to 5.4% in the first half of the year. This was announced on Tuesday, July 8, by the VTB press service.
According to their calculations, in the first half of 2025, Russian depositors earned 4 trillion rubles in interest income, 50% more than in the same period last year. By the end of the year, the bank's analysts predict that this figure will reach 9 trillion rubles.
"The ruble remains the foundation of financial stability. Even against the background of the rate cuts that began in the first quarter, the ruble savings market showed an increase of 2%, and in the second quarter it was already 5%. Deposits are time—tested classics, and they continue to outpace inflation, guaranteeing financial security and increasing family well—being," said Dmitry Breitenbikher, member of the VTB Management Board.
The main growth in the ruble market is provided by term deposits, which account for 72.2%. According to VTB estimates, their portfolio in the country has increased by 8.7% in six months, exceeding 41.4 trillion rubles.
In VTB itself, the volume of ruble-denominated liabilities of individuals has increased by 563 billion rubles since the beginning of the year, amounting to more than 10.5 trillion rubles. The total savings portfolio of retail clients in the bank amounted to almost 11.1 trillion rubles.
The head of the Central Bank of the Russian Federation, Elvira Nabiullina, said during the plenary session of the Financial Congress of the regulator on July 2 that the adaptation of the Russian economy to external changes had ended. She noted that the Russian economy needed to change its development model and rely on internal sources of financing.
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