After an announcement of tax imposition on personal deposits on March 5, 2020, Russian banks recorded a significant outflow of personal deposits both in national and foreign currencies from their accounts. VTB was leading with over 18 billion and 1.5 billion Russian rubles and U.S. dollars lost in personal deposits, respectively, as of April 1, 2020. Consequently, due to the need of immediate liquidity, the entity borrowed over 250 billion Russian rubles from the Central Bank of Russia in March of the same year.
Change in personal deposits in Russian banks as of April 1, 2020, by currency and major bank
(in billions)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
RBC.ru. (May 2, 2020). Change in personal deposits in Russian banks as of April 1, 2020, by currency and major bank (in billions) [Graph]. In Statista. Retrieved December 11, 2024, from https://www.statista.com/statistics/1114661/volume-of-lost-personal-deposits-by-russian-banks-by-currency/
RBC.ru. "Change in personal deposits in Russian banks as of April 1, 2020, by currency and major bank (in billions)." Chart. May 2, 2020. Statista. Accessed December 11, 2024. https://www.statista.com/statistics/1114661/volume-of-lost-personal-deposits-by-russian-banks-by-currency/
RBC.ru. (2020). Change in personal deposits in Russian banks as of April 1, 2020, by currency and major bank (in billions). Statista. Statista Inc.. Accessed: December 11, 2024. https://www.statista.com/statistics/1114661/volume-of-lost-personal-deposits-by-russian-banks-by-currency/
RBC.ru. "Change in Personal Deposits in Russian Banks as of April 1, 2020, by Currency and Major Bank (in Billions)." Statista, Statista Inc., 2 May 2020, https://www.statista.com/statistics/1114661/volume-of-lost-personal-deposits-by-russian-banks-by-currency/
RBC.ru, Change in personal deposits in Russian banks as of April 1, 2020, by currency and major bank (in billions) Statista, https://www.statista.com/statistics/1114661/volume-of-lost-personal-deposits-by-russian-banks-by-currency/ (last visited December 11, 2024)
Change in personal deposits in Russian banks as of April 1, 2020, by currency and major bank (in billions) [Graph], RBC.ru, May 2, 2020. [Online]. Available: https://www.statista.com/statistics/1114661/volume-of-lost-personal-deposits-by-russian-banks-by-currency/