According to the Central Bank of Russia's review of the banking… (средство · банк · трлн)
According to the Central Bank of Russia's review of the banking sector, legal entities' funds in Russian banks rose significantly by 2.9% (1.8 trillion rubles) in May, following weak dynamics in April (+0.3%) associated with the payment of quarterly taxes.
Consensus
- Russian banks faced a liquidity shortfall of nearly 2 trillion rubles by mid-June.
- The banking system remains stable despite the shortfall.
- There was an increase in cash usage by citizens and businesses.
Points of divergence
- The liquidity shortfall was caused by multiple factors including internet outages, stricter transfer controls, falling deposit rates, and tax changes that made cash transactions more favorable for businesses. — vesti
- Corporate deposits rose significantly in May due to exporters benefiting from higher oil prices and government contractors, while personal deposits fell due to advance social payments and holiday spending. — interfax
- The Bank of Russia revised its 2026 structural liquidity deficit forecast to between 2.4 and 3.6 trillion rubles. — vesti
- The Bank of Russia noted a decrease in government funds in banks in May, possibly due to budget disbursements to contractors. — interfax
Coverage (5 sources)
- Russian banks lose trillions in free funds, according to Izvestia — Вести
- Russians withdrew 500 billion rubles from banks in May — Вести
- Legal entities' funds in Russian banks rose by a significant 2.9% in May — Интерфакс
- Russian banks slowed corporate loan growth to 1.2% in May — Интерфакс
- Russian banks' net profit in May rose 4% month-on-month to 362 billion rubles — Интерфакс