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National Bank: Massive Outflow Of Deposits Taking Place

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National Bank: Massive Outflow Of Deposits Taking Place

The Belarusians eat up their deposits, to keep the “pre-crisis” life level.

The outflow of deposits, including the ones in the foreign currency, took place in the second quarter in almost every big bank of the country.

The specialists of the National Bank made this conclusion, having analyzed the results of the banks’ survey for the second quarter of the year 2016, naviny.by reports.

The National Bank’s survey, in the framework of which the bank’s specialists assessed the situation with involvement of the terminable bank deposits of the population, covered 21 Belarusian banks out of 25. The banks’ data for the second quarter proved that the people preferred to keep their savings mostly in the foreign currency.

“The population still prefers making savings in foreign currencies. The share of such deposits in the total amount of terminable bank deposits on July 1, 2016 amounted to Br 149 trillion (denominated - BelaPAN), or 85,3%, having decreased by 0,8 percentage points in the second quarter,"— stated in the survey.

In the dollar equivalent, the National Bank reports, the population’s deposits decreased by $ 270 million, or by 3,5%, in the second quarter, and made $ 7,43 billion on July 1.

According to the regulator, in the second quarter the outflow of deposits of the population took place in almost all major Belarusian banks. In April-June, the terminable bank deposits increase occurred only in the "Bank BelVEB" (population deposits increased by 0,51 trillion rubles, or 6,8%).

In other banks, there was an outflow of deposits of the population in the second quarter. Thus, the deposits made by physical persons in the “Belarusbank” in the second quarter shortened by 2,41 trillion rubles, or 3%, in the “Belinvestbank” — by 1,06 trillion rubles (8,7%), in the “Belagroprombank” — by 0,97 trillion rubles (2,9%), in “BPS-Sberbank” — by 0,81 trillion rubles (5,1%), in the “Priorbank” — by 0,35 trillion rubles (4,8%).

According to the National Bank’s information, “Belarusbank” remains the leader as for the scope of involved deposits of the population (the volume of the deposit portfolio as of July 1 amounted to 78,9 trillion rubles). The five largest banks in terms of deposits of the population as of July 1 also include "Belagroprombank" (31,9 bln. rubles), "BPS-Sberbank" (15,2 bln. rubles), "Belinvestbank" (11 bln. ubles) "Bank BelVEB" (8 bln. rubles).

As the National Bank noted before, this year, at the background of the declined incomes of the population, they observed the tendency when the people try to keep the volumes of consumption at the pre-crisis level, which causes the people’s deposits outflow from the banks.

"The average monthly outflow of foreign currency deposits makes $ 100 million, and the sales of the foreign currency by the population make $ 200 million. Thus, the additional 100 million that the people lack, they get from under the mattress, as they say, and spend on current consumption ", — head of the chief administration for monetary policy and economic analysis of the National Bank Dzmitry Muryn stated during a conference in Minsk back in June.

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