The Central Bank of Russia estimated the liquidity reserve of Russian banks

Liquidity of Russian banks remains at an adequate level – Central Bank

The volume of ruble and foreign currency liquidity of banks in Russia, formed in January, as a whole continued to remain at an adequate level. This is stated in the report of the Central Bank of the Russian Federation, published on February 20 on the website of the regulator.

It is noted that the stock of ruble liquidity in January 2023 became less by 0.9 trillion rubles than in December 2022. But the total volume of ruble assets of banks amounted to 18 trillion rubles, which covers 38% of ruble funds of clients.

“Foreign liquidity reserve (USD 64 billion) is also at an adequate level, covering approximately 50% of customer funds and 30% of foreign exchange liabilities”— noted in the Central Bank.

It is also reported that over the past month, due to spending in Russian banks, the volume of state funds has significantly decreased – by 0.7 trillion rubles, or 7.8%. At the end of January, the balance of state funds amounted to 7.9 trillion rubles.

Recall, according to Rosstat, the volume of Russia’s GDP in 2022 decreased by 2.1% and amounted to almost 151.5 trillion rubles. According to the forecasts of the Central Bank, last year GDP was expected to decline by 3-3.5%.

Read earlier in this story: Nabiullina assessed the likelihood of a key rate cut in 2023


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