On interest rates on bank deposits
19 December 2014
Press release
Due to the developments in the Russian financial market in December 2014, starting 22 December 2014, the banking supervision authority will give special consideration to deviations of banks’ interest rate on deposits denominated in Russian rubles from the calculated average market maximum interest rate for more than 3.5 percentage points.
The Bank of Russia approaches to calculating the average market maximum interest rate stipulated in the Bank of Russia information notice, dated 21 September 2012, ‘On Results of Monitoring Maximum Interest Rates of Credit Institutions’ remain valid.
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19.12.2014 00.00.00