Retail deposits in Siberian banks up 20% in 2011
NOVOSIBIRSK. Feb 28 (Interfax) - Retail deposits in banks located in the Siberian Federal District climbed 20.1% in 2011 to 832 billion rubles, Konstantin Vasilyev, the head of the Deposit Insurance Agency (DIA) office in the Siberian Federal District, told the press Tuesday.
"This corresponds to the overall trend in the country. Banks have adopted a fairly active approach - attracting deposits, talking to borrowers, raising interest rates," he said.
Independent banks registered in the Siberian Federal District saw deposits grow 1.7% to 199.5 billion rubles, the DIA reports. More than half of all deposits are in MDM Bank accounts. The biggest boost to deposits was seen by banks in Altai territory and Omsk and Irkutsk regions. Deposits dropped 5.9% to 131.3 billion rubles for banks registered in Novosibirsk region.
The Siberian Federal District for the first time in 2011 saw another bank boost deposits to over 10 billion rubles - Novosibirsk bank Levoberezhny, which had retail deposits of 11 billion rubles at the end of the year, Vasilyev said.
"The bank adopted an aggressive approach: opening offices, attracting new customers, efficiently placing funds in other banks enabling it to raise deposit interest rates," he said.
The number of banks was reduced by two in 2011 - Moi Bank (My Bank). Novosibirsk merged with Moi Bank. Ipoteka (Ufa) and Khakassia Republic Bank merged with Narodny Credit Bank (Moscow).
"Competition on the retail deposit market increased at the end of the year. A third of banks in the Siberian Federal District raised deposit rates in the search for accessible financing sources. Rates ranged from 6% to 12% at the end of the year," he said.
The average amount of insured deposit in Siberian Federal District banks edged up in 2011 to 43,100 rubles. The highest amount of average deposits of over 1 million rubles were seen in Novosibirsk region at 5.1 million rubles and Altai territory at 4.3 million rubles.
