Growth of the Retail Bank Deposits Has Slowed Down, However Cash Savings Trend Remains
During the first three quarters of 2016, growth rate of the retail bank deposits and accounts has slowed down twofold in comparison with the same period of 2015. However, it is still premature to talk about the dismantling of the savings model. Cash dynamics demonstrate increment of the households’ propensity for cash savings. Slow growth of the population’s loan debt retains positive net increment of retail assets.