The Group’s corporate deposits increased 44.9% in 2012. Excluding the acquisitions, the growth was 27.1%.
As was mentioned above, the volume of corporate term deposits nearly doubled for the year reaching 2.0 trln RUB (excluding the acquisitions); their share in total corporate deposits grew to 61.5%, versus 37.8% in 2011. This relatively expensive source of funding was the main factor contributing to the upward shift in the cost of liabilities.
The Group’s retail deposits increased 21.9% in 2012; excluding the acquisitions of 2012, the growth was 14.0%. Current accounts increased 30,1%, and 12,1% excluding the effect of acquisitions. The proportion of current accounts in retail deposits increased to 20.1% as of end 2012.
December 31, 2012
December 31, 2011
|RUB bln||% of total||RUB bln||% of total|
Due to individuals
|Total due to individuals||6,983.2||68.6||5,726.3||72.2|
Due to corporate customers
|Total due to corporate customers||3,196.1||31.4||2,205.8||27.8|