Reduced Deposit Rates at VTB Following Decrease in Key Rate
Peeling Back the Layers of Russia's Economic ShiftJune 20, 2025, 1:45 PM
Juicy Gossip from the Economic Playground 📢📈VTB's First Deputy Chairman, Dmitry Pyanov, has spilled the beans on some juicy economic changes in Russia.
"Gather 'round, folks! The economy's about to get a makeover," Pyanov announced in a Business FM interview.
With a twinkle in his eye, he revealed that credit regulation is set for a relaxing massage. As of October 1st, banks will require one less unit of deposits to finance one unit of credit. 💰💰
In the economic transformation of Russia, the relaxation of credit regulation in the financial sector is anticipated, as banks will only need one less unit of deposits to finance one unit of credit, starting from October 1st. This change, announced by VTB's First Deputy Chairman Dmitry Pyanov, hints at a potential shift in Russia's business landscape.
