Retail funds of Bank Vozrozhdenie reached RUR 94.3 bln by the end of Q3 2012

9 October 2012

The volume of retail funds of Bank Vozrozhdenie amounted to RUR 94.3 bln by the end of Q3 2012, having increased by RUR 3.6 bln since the beginning of the year. Individual deposits became the main growth driver of the indicator having exceeded RUR 76 bln (+8.3% since the beginning of the year) as of October 01, 2012. Funds of retail customers comprised 57% of the total attracted funds of the Bank.

“Individual funds and retail deposits in particular are traditionally the most important source of V.Bank funding, — Evgeniy Dmitriev, Head of Retail Department of Bank Vozrozhdenie, commented. — A deposit still remains an optimal way of allocating available funds for our customers aiming at earning returns and protecting their savings from inflation. Depositors may choose acceptable terms and conditions of deposit: convenient replenishable deposit with the option of partial withdrawal or a classic saving account with the maximum return”.

Seasonal deposits are the most popular instrument among the bank’s customers. Significant number of depositors, including pensioners, members of payroll programmes and government employees, enjoy special deposit terms with higher interest rates.

Bank Vozrozhdenie was ranked 6th among the most “plastic” banks by RBC.Rating
Bank Vozrozhdenie net profit for 9M 2012 under RAS grew 1.6 times to Rub 1.9 billion