
12:36, 4 August 2020
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Banks keep reporting outflow of foreign currency deposits

Seven out of eleven systemically important banks were faced with the outflow of funds from foreign currency deposits, says analyst Maxim Osadchiy, BKF bank. Among them are VTB ($470.9mn), Raiffeisenbank ($55.9mn), Alfa-Bank ($49.1mn), Unicredit ($18.4mn), Otkritie ($13.7mn), Credit Bank of Moscow ($26.7mn) and Rosbank ($23.8mn).
Low profitability became the key reason for closing the foreign currency deposits.