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Banks began to lose depositors after Putin's appeal

Banks began to lose depositors after Putin's appeal
Photo: pixabay.com
Bank representatives complained to the Central Bank of Russia. After Putin's initiative, the Russians began to close deposits.

According to RBCThe Association of Russian Banks, in its letter to the Central Bank, expressed concerns that after the president's initiative to introduce a tax on income from interest on deposits, the amount of which exceeds one million rubles, Russians will begin to withdraw cash from bank accounts in large quantities. Due to the unclear timing of the innovation and its mechanisms, rumors and different versions appear. At the same time, some of the depositors have already applied to financial institutions with applications to close their accounts.

In addition to specific clarifications on the introduction of the new tax, representatives of the association asked to expand the list of instruments that would confirm the liquidity of banks. In particular, provide unsecured credit lines for banks that are not included in 11 systemically important (there are about 400 such financial institutions in Russia). Industry representatives also asked for other supportive measures.

At the same time, the Ministry of Finance has already explained that in 2020 they will not levy income tax on bank deposits. The ministry also said that the tax would not be imputed on the deposit amount, but only on interest income.
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