“In March, the situation in the Russian banking sector stabilized significantly compared to the last week of February.
The ruble deposits of the population increased, the outflow of foreign exchange slowed down significantly by the end of the month, and in early April they even showed a slight increase, ”the Central Bank said in an analytical material.
In addition, state funds have grown significantly, the regulator said.
“As a result, banks' need for additional liquidity has decreased, which enabled them to repay a significant part of their obligations to the Bank of Russia,” the Central Bank said.
According to the regulator, the volume of household funds in Russian banks decreased by 0.7% in March.