OREANDA-NEWS. July 12, 2010. The amount of retail deposits opened with OAO AIKB Tatfondbank exceeded RUR 19.3 billion at the end of the 1st half of 2010, having increased by 56% against the figure at 1 July 2009. Compared to the beginning of the year, the amount of retail deposits grew by RUR 3.4 billion, or by 21%. The most popular were long-term deposits for the period from 1 to 3 years, reported the press-centre of Tatfondbank.

‘The amount of deposits with the Bank keeps growing despite interest rates decrease caused by lowering refinancing rate of the Central Bank of the Russian Federation. We also observe the trend towards increase of the amount of long-term deposits.

This shows that depositors prefer conservative strategy and speaks of the high level of confidence on the part of the population in Tatfondbank as one of the largest banks of the republic, one third of the charter capital of which is the government stake,’ said Larisa Serova, Head of the Board for Deposits and Commission Products of OAO AIKB Tatfondbank.