Every second Russian bank faced an outflow of deposits. Russians…
Every second Russian bank faced an outflow of deposits. Russians began withdrawing money from time-limited deposits in banks: in July 2026, at least 152 out of 301 credit organizations encountered a reduction in client funds on deposits.
Consensus
- Russian citizens are withdrawing money from bank deposits in large numbers.
- The number of banks experiencing deposit outflows increased in July 2026 compared to earlier months.
- A growing share of Russians prefer holding cash over bank accounts for savings.
- The share of Russians who consider bank accounts the best form of savings has decreased.
- Credit lending in cash has reached record levels in July 2026.
- The volume of credit disbursements has increased significantly compared to the previous year.
- The average loan size in cash has risen over the past year.
- Experts attribute the shift to low deposit interest rates and declining trust in banks.
Points of divergence
- The outflow of funds accelerated twofold in the year, reaching 321 billion rubles. — tg_moscash
- Russians withdrew over 15 billion dollars in the summer, and total withdrawals this year exceed those of the first year of full-scale war. — tg_idelrealii
- The shift to cash is exaggerated; the share of cash in total money holdings remains around one-third, unchanged from pre-invasion levels. — tg_dwglavnoe
- 152 banks reported withdrawal of funds from time deposits in July, which is slightly more than half of all banks in the country. — tg_govorit_nemoskva
- The Central Bank reports a 0.3% increase in deposits and balances in July, contradicting the perception of mass outflows. — tg_moscowtimes_ru
- The volume of ruble deposits in Georgian banks rose by 32.9% in July, linked to rumors of a new mobilization wave. — tg_govorit_nemoskva
- Fear of state confiscation of funds for military purposes is a key driver of withdrawals. — tg_idelrealii
Coverage (16 sources)
- Russians actively withdraw money abroad — Московский кэш
- Transition of Russians to cash is exaggerated, German economist says — DW Главное
- Russians are becoming more active in withdrawing money from banks — Говорит НеМосква
- More than half of Russian banks faced withdrawal of deposits. More Russians keep money in cash — DW Главное
- Every second Russian bank faced outflow of deposits — The Moscow Times
- Russians mass withdraw money from bank deposits — Новости Москвы
- Russians deposited record 1.1 trillion rubles into the collapsing stock market — The Moscow Times
- Russians withdrew more than $15 billion from their accounts this summer. The amount withdrawn this year will double the amount withdrawn by Russians in the first year of the full-scale war. — Idel.Реалии
- In July, banks issued record 487 billion rubles in cash loans to Russians — Дождь
- In July, banks issued record 487 billion rubles in cash loans to Russians — Дождь (Telegram)
- Russians withdrew more than $15 billion from their accounts this summer. The amount withdrawn this year will double the amount withdrawn by Russians in the first year of the full-scale war. — Настоящее Время
- Share of foreign currency deposits in Russia fell to a record low level — Дождь (Telegram)
- Share of currency deposits in Russia fell to a record low level — Дождь
- Record $15.2 billion withdrawn by Russians from banks over summer — Дождь
- Russians withdrew record cash from banks amid fear of deposit seizures — The Washington Post — The Insider
- Russians fear seizures for military purposes and feel loss of stability — Говорит НеМосква
Key entities
- Russia
- The Washington Post
- Central Bank
- RBC
- The Authorities
- Russia
- CB
- Ukraine
- PSB
- Sberbank
- United Credit Bureau
- Taras Skvortsov
- S
- Washington Post
- Janis Kluge
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