OREANDA-NEWS. January 28, 2009. The Deposit Insurance Agency (DIA) expects minor retail deposit outflow from Russian banks in January, however, the guidance of 10-15% deposit inflow in 2009 remains unchanged so far, said DIA chairman Alexander Turbanov. “We certainly have no grounds to expect an inflow, but the possible outflow will amount to zero: minus zero, i.e. from zero to minus one per cent”, said Turbanov. The financial crisis and weakening ruble triggered deposit outflow, with the heaviest losses seen in October. At that time, depositors withdrew RUB 355 bn from banks, or 6% of total retail deposits. In order to halt the exodus of retail deposits, Russian monetary authorities increased the amount of mandatory insured deposits from RUB 400,000 to RUB 700,000. The outflow in November was insignificant, below 1%. Deposit trends stabilized in December when inflow reached RUB 400,000.