Dagestanis trend to withdraw funds from bank accounts

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Data from early June indicates that individuals in the republic hold approximately RUB 152.6 billion in bank deposits. This figure represents a decline of RUB 5.8 billion compared to May.

This trend of deposit reduction is not unique to Dagestan. The Bank of Russia reports that 30 regions across the country experienced negative deposit growth in May, suggesting a widespread pattern of fund withdrawals. Experts attribute this behavior to declining interest rates offered by financial institutions.

Examining the broader North Caucasian region, depositors collectively withdrew approximately RUB 14.4 billion in May, representing a marginal decrease of 0.02% compared to April's deposit figures.

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