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