Half of the largest banks in Russia have reduced deposit rates.

According to the publication, among such financial institutions are Sberbank, Moscow Credit Bank, Gazprombank, and others. For deposits with terms ranging from three to 12 months, interest rates have dropped on average by 0.3%. The largest decrease in profitability is observed for annual deposits. It has decreased by almost 0.5 percentage points in eight banks, dropping to 20.8% and falling below the key rate level, as specified by the newspaper. Referring to data from the financial marketplace "Finuslugi," the publication indicates that in February, interest rates on deposits decreased in 15 out of the top 20 largest Russian banks. Thus, some financial organizations made this decision even before the Central Bank meeting held on February 14. It is worth noting that during the meeting of the Central Bank's board of directors on February 14, the decision was made to keep the rate at the current level of 21%. However, the head of the regulator, Elvira Nabiullina, noted that the Bank of Russia may consider the possibility of raising the key rate at the next meeting, which will take place in March.

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