Thursday, August 17, 2017

Sverdlovsk Region banks responsible for deposit growth in Ural Federal District

The Deposit Insurance Agency State Corporation released a report on deposit growth for the first half of 2012 that shows that Sverdlovsk Region banks are responsible for deposit growth..

For the Sverdlovsk Region, large deposits of more than $31,000 grew the most, rising by $275 million, or 7.2 percent. Deposits ranging between $3,000 and $12,500 rose by $172 million, or 7.7 percent, while deposits ranging from $12.500 to $22,000 saw an increase of 5.4 percent in absolute terms or by 9.9 percent. Deposits from $22,000 to $31,400 increased by $100 million, or 11.4 percent. The smallest deposits shrank by $9 million, or 0.7 percent, for the first half of 2012, according to Ural Business Consulting.

Sverdlovsk Region-based lending institutions provided 78.6 percent of the increase in deposits under $2,200 in the Ural Federal District. Tyumen Region, Chelyabinsk Region and Kurgan Region-based banks were responsible for 14.9 percent, 6.4 percent and 0.1 percent, respectively. Additionally, the Kurgan Region was responsible for a 0.3 percent increase in deposits of more than $22,000 in the Ural Federal District with Sverdlovsk Region, Tyumen and Chelyabinsk Region-based banks responsible for 67.9 percent, 26.4 percent and 5.5 percent, respectively.

Ural Federal District-based banks had their scale of Deposit Insurance Agency's insurance liability stay the same for the first half of the year when compared to a year earlier. This came to 67.4 percent on July 1. In absolute terms, the insurance liability grew from $6.7 billion to $7.2 billion, Ural Business Consulting reports.