The growth of the savings market in Russia amounted to 2%
Over the nine months of 2026, the volume of retail liabilities in Russian banks increased by 2% (+1.6 trillion rubles) and exceeded 67.4 trillion rubles, analysts at VTB calculated.
About 94% of the increase was provided by savings accounts.
The volume of savings accounts for January-September increased by 17% (+1.5 trillion rubles) and approached 10.8 trillion rubles. A year earlier, the increase in this indicator was 13%.
According to the bank, last year the savings market grew by 7% in nine months, and this year – only 2%. The slowdown is associated with a reduction in the key rate of the Bank of Russia. At the same time, demand for both classical deposits and savings accounts remains, and the share of customers placing funds for a period of one year or more exceeded 10% by the end of September, Roman Shaekhov, deputy head of VTB retail business, said.
At the same time, market participants in different directions change the conditions for term deposits. For example, VTB in September revised the conditions for ruble deposits for long periods in the direction of increase.
