OREANDA-NEWS. March 14, 2014. By the end of February 2014, Sviaz-Bank (Vnesheconombank Group) had accepted over 25 billion rubles on time deposits, more than 5.5 billion rubles of which had been placed into Champion seasonal deposits by individual customers across Russia, beginning on November 1, 2013.

“Members of the public are still trying, where possible, to safeguard their savings against inflation and other outside factors by making the fullest use of bank deposits, which are always popular products. Judging by the behavior of our customers, they still trust banks in general and Sviaz-Bank, in particular, no matter what the outside forces are,” said Olga Oleinik, Vice Chair of Sviaz-Bank’s Management Board.

Deposits in Russian rubles account for 75% of the total amount of deposits, and those in dollars and euros come second and third, with 18% and 6%, respectively, regardless of the volatility of currency markets.

On March 1, 2014, deposits collected by the Bank for one year or over topped 93% of all time deposits it accepted from individuals.

The portfolio of deposits accepted from individual customers by the Bank’s regional branches reached 15billion rubles.