Banks reduce deposits in CBR by 34% in Sept to annual low
MOSCOW. Oct 14 (Interfax) - Russian banks placed 3.932 trillion rubles in deposits at the Central Bank of Russia in September 2011, which was a decrease of 34% from August (5.984 trillion rubles) and down 58% from July (9.299 trillion rubles), the CBR said in its materials.
The CBR said that total deposits in August were the lowest for the year. The maximum amount was placed in March (11.644 billion rubles), which is 200% above the September result.
However, banks in September raised the highest amount of secured CBR loans for the year so far at 3.362 trillion rubles, an increase of 8% from August (3.11 trillion rubles) and 25% up from July (2.695 trillion rubles). The minimum amount of CBR loans raised was in January at 1.765 trillion rubles, a decrease of 47% in comparison with September.
The biggest relative increase in loans secured by non-market assets was in September in comparison with August. The CBR provided 250% more than in August at 1.1 billion rubles.
Total Lombard loans allocated increased by 130% to 13.6 billion rubles, which was the largest level for 2011. For comparison, in February, banks only raised 1.1 billion rubles in these loans.
Total intraday loans increased in September by 7.8% to 3.327 trillion rubles, the highest for this year, and overnight loans - 23% to 20.3 billion rubles.