Dagestan ranks as outsider in volume of bank deposits

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In 2024, the median value of bank deposits per resident of Dagestan was estimated at RUB 52,500, the Central Bank of Russia reports. This places the republic at the 83rd position out of a total of 85 included regions in the ranking.

Simultaneously, the average deposit size in the region increased by nearly 17 percent over the previous year. Residents of Ingushetia and Chechnya, on the other hand, exhibit the lowest levels of savings, with deposits averaging approximately RUB 25,000 and 30,000 respectively. In contrast, the average resident of Moscow holds approximately RUB 1.8 million in bank accounts, while the average in St. Petersburg stands at RUB 821,000.

As usual, the regions in the Far North continue to lead the pack, as their residents consistently exhibit higher income levels.

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