[HIGHLIGHTS] Against the backdrop of indexation of social payments and high rates on deposits: Russians have increased the amount of money in bank accounts to a record level

In February 2024, Russians deposited a record 1.1 trillion rubles into their bank accounts. Central Bank experts attribute this influx of funds, which is atypical for the end of winter, to the indexation of social benefits and high deposit rates.

In general, according to survey results, recently the population has begun to trust credit institutions more. According to experts, the banking sector withstood the pressure of Western sanctions and managed to earn record profits, which had a positive impact on the sentiments of citizens.