C the onset of autumn, the banks stepped up their activities in the retail market. Some banks have changed the rates on deposits and loans to private individuals, others suggested that the seasonal deposit products, and new lending programs. However, the main innovations in terms of attracting funds of individuals and consumer lending will occur as the growing activity chactnyh clients after the summer lull and the instability in the banking sector.
It is time for business
Autumn - the end time and leave enhance business activity, so the expected influx of customers to banks. Head of banking products and technologies bank «Moscow Capital» Alexei Guarani considers: «With the adoption of banks' deposit insurance new impetus to the development of the bank deposits. Further development of the credit and mortgage programs, and credit cards ».
Given that to date the ability of banks to attract private customers through improved pricing conditions of virtually exhausted in the first place goes non-price methods of competition. Head of retail business of the International Industrial Bank, Igor Lysenko told NEWSPAPERS: «Interest rates on deposits of individuals, the proposed first thirty banks, about the same. Therefore, for the confidence of depositors can be fought, operating quality of service, supply of related products and services, flexible work office, the use of modern technologies ».
At the same time, Head of Retail Business Development Orgresbanka Albert Zvezdochkin believes that «for the mass category of customers will be the primary financial conditions - interest rates on deposits and loans, so important as price, and non-price methods of struggle for customers ».
Investors attracted by the reliability
According to the bank depositors' preference for the placement of funds virtually unchanged over the past half-year. Deputy Chairman of the Board of JSCB "Soyuz" Catherine Demygina notes that «currently in the bank the bulk of the portfolio of fixed-term deposits comprise medium-term deposits and demand deposits in the period of accommodation from 1 year».
To date, several banks have to change the rates on deposits. Thus, MDM-Bank have raised rates on deposits because of the increasing profitability of financial assets on Russian and international financial market. According to the Department of the retail market, MDM-Bank Natalia Konovalova, "it gives you the opportunity to MDM Bank to place more involved in income earning assets, thereby providing customers a more comfortable conditions for deposits." The new contribution of the Express-income "is issued for periods 1 and 2 months, and the contribution of" Trust "- at 9 months and 1 year. The minimum initial contribution is 5 rubles, 200 dollars or euros. The rates on deposits depend on the duration and amount of the deposit and the amount of «Express-income» 6,5-9% a year in rubles and 3,5-6% per annum in foreign currency, but you can trust - 11,5-12% annual in rubles and 7,75-8,25% in foreign currency.
International Industrial Bank has also revised interest rates on deposits. Head of department of retail bank products Alexei Kravets believes that «the new interest rates on deposits reflect the objective situation in the market and the desire to maintain the optimal mix of return deposits to their safety".
As a result, annual revenue contribution "savings" in the U.S. has increased up to 7,25-7,75% per annum (7%), as in rubles, rather, reduced to 10,5-11,6% per annum (from 12,75%). The minimum amount of deposit remained the same - $ 5000, 150 or 000 rubles.
Uniastrum bank lowered rates on ruble deposits in 0,5-1,6% per annum, depending on deposit amount and term of his placement.
According to experts, significant changes in the levels of rates on deposits offered by banks, will be possible if the Central Bank will lower the refinancing rate in the near future. «Banks necessarily respond to the declining rates on deposits», - said director of the department for retail business Guta Bank Lidia Herzen.
Banks are preparing for winter
Last fall, many Russian banks are offering to place their funds in bank deposits season. There is one sentence long. In September of this year, bank "Revival" offers its customers a traditional seasonal contribution " Golden Autumn. "contribution was adopted at 3 months and 1 day, minimum size - 1000 rubles, 100 dollars, 100 euros. Limit on deposit amount in rubles 8% per annum in the U.S. - 6% per annum in the euro - 5% per annum. < BR>
It is believed the experts, seasonal suggestions banks are likely to appear in late autumn before the winter holiday period.
rates go down
In autumn, as to increase demand for loan products by individual clients. now get a loan becomes easier. believes Igor Lysenko, «with the output of new players and cheap resources of Western investors, the growth of consumer credit only intensify». It was expected that competition for borrowers to all areas of lending: from rapid credit to the mortgage. The banks will use all their existing arsenal: the change of rates and commissions, the speed and quality of service, offer joint programs with the new car and trading networks. Head of the Department work with credit cards Guta Bank Vladimir Buchenkov told NEWSPAPERS: «In the field of car will increase the number of special cooperative programs with the car. Actively develops rapid lending. Banks will also introduce new services for customers. Guta-Bank in September began offering a new service - repayment of loans through ATMs ».
New proposals for car loans linked with a decline down payment and an increase the maximum amount of credit. Some banks reduce rates and commissions, and launch new joint programs. Bank« Revival »reduced the size of the initial fee for credit up to 20% of the price new car, while increasing the maximum amount of credit up to 31 250 dollars. According to the bank, it will meet the demand for auto loans from customers who buy foreign cars middle price category.
Bank "Union" cut interest rates on program of rapid lending to individuals for purchasing cars. Credit is issued in rubles up to 3 years in the amount of 40-450 rubles. The interest rate in rubles for one year is 14% at 2 years - 16% at 3 years - 18% annum. The monthly commission is reduced to 0.5% of the amount of credit granted.
in mortgage banking programs are changing, too. For example, Absolut Bank has reduced interest rates on credits for buying real estate. As part of the bank's mortgage program may receive ËÒÅÄÉÔ ÎÁ ÐÏËÕÐËÕ Ë×ÁÒÔÉÒÙ × íÏÓË×Å ÉÌÉ ðÏÄÍÏÓËÏ×ØÅ ÐÏ ÓÔÁ×ËÅ ÏÔ 12% ÇÏÄÏ×ÙÈ × Å×ÒÏ É ÄÏÌÌÁÒÁÈ (ÎÁ ÓÔÁÄÉÉ ÓÔÒÏÉÔÅÌØÓÔ×Á - ÏÔ 16% ÇÏÄÏ×ÙÈ). íÉÎÉÍÁÌØÎÙÅ ÓÔÁ×ËÉ ÐÏ ËÒÅÄÉÔÁÍ ÎÁ ÐÒÉÏÂÒÅÔÅÎÉÅ ÚÁÇÏÒÏÄÎÙÈ ÄÏÍÏ× ÉÌÉ ËÏÔÔÅÄÖÅÊ ÓÎÉÖÅÎÙ ÄÏ 16% ÇÏÄÏ×ÙÈ × ÄÏÌÌÁÒÁÈ É Å×ÒÏ (ÎÁ under construction - up to 18% per annum).
What to choose
Igor Lysenko advises open ruble deposits for 1 year: «For such deposits, banks offer more favorable terms than on deposits in a shorter time. To date, ruble deposits are more profitable ».
Period and currency of the loan depends on its purpose: Express loans are typically short, and they must be taken in rubles, and loans for the purchase of a car and apartment - long term, so it is better to borrow in foreign currency. Aleksey Guarani told NEWSPAPERS: «advantageous to take loans in the currency in which you plan to give it. I would not recommend is to take a loan in euros, as the currency currently most exposed to currency fluctuations. The term loan is defined by its target designation. now spread mortgage program, which shows that the life of a loan becomes more affordable and popular ».
article: Anna Sankova, ZGT.ru from 7.09.2004
