Ruble deposits up, forex deposits down in Belarus in November

BelTA has learned that the combined ruble deposits of Belarusian corporations and individuals rose by 4.4% in November to a total of Br62.94 trillion. A 15.9% increase in ruble deposits was registered in January-November. Meanwhile, in November forex deposits of corporations and individuals dropped by 2.9% to $10.9 billion as of 1 December. A 6.1% increase in forex deposits was registered in January-November.

Retail deposits in Belarusian rubles gained 4.9% in November (39.4% in January-November) to reach Br33.84 trillion as of 1 December. National currency deposits of Belarusian corporations rose by 3.8% in November (3% down in January-November) to stand at Br29.1 trillion as of 1 December.

Retail deposits in foreign currencies shrank by 0.5% in November (14.9% up in January-November) to $7.2 billion as of 1 December. Foreign currency deposits of Belarusian corporations dropped by 7.3% in November (7.8% down in January-November) to $3.7 billion as of 1 December.

In November the average interest rate on new ruble deposits for individuals for a period of up to one year was 47.6%, with the interest rate for forex deposits at 4.2%. The interest rates for deposits for a period of more than one year were 46.5% and 5.5% per annum respectively. In comparison with October the average interest rate on ruble deposits went up slightly while the interest rate on forex deposits went down.

In November the average interest rate on new ruble deposits for corporations for a period of up to one year totaled 41.1%, with the interest rate for forex deposits at 5%. The interest rates for deposits for a period of more than one year were 33.7% and 6.4% per annum respectively. In comparison with October the average interest rates on ruble deposits and on forex deposits went down a bit