Frozen deposits of Sberbank. Can deposits be frozen? How secure are deposits in Russian banks?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Sberbank is one of the largest banks not only in Russia, but also in the CIS. It has the largest branch network and offers a full range of investment and financial services. Starting from the period of 2012, the main shareholder of the financial institution is the Central Bank of the Russian Federation, which owns 51% of the shares. About 40% of the shares are the property of foreign companies. The financial institution is the dominant link in the country's financial policy and one of the main creditors of the state.

Digital statistics

It is still too early to talk about whether the deposits of Sberbank customers can be frozen. The statistics of the financial institution speaks of a very positive direction of affairs. So, by March 1, 2015, the assets of the institution amounted to 21, 945, 67 million rubles. This indicator brought Sberbank to the first position among other institutions of the banking sector. The capital of the institute, which was calculated in accordance with the standards of the Central Bank of the Russian Federation, is equal to 2.224.53 billion. As for the loan portfolio, its size is 14.970.52 billion rubles. Commitment to the peoplestates is 8, 391, 53 billion

What does management say?

Despite the difficult economic situation in the country, those deposits in rubles, which Sberbank froze after 1991, are still planned to be paid in the previously established regime. No one is going to correct the three-year plan developed a year ago. The draft federal budget included an amount of 50 billion rubles for each year to compensate for deposits in the period from 2014 to 2016. After the adoption of the law on the protection of deposits of the population, the state assumed full responsibility for the payment of deposits, which had to be completely frozen during the "Pavlovian" reform in 1991. According to the document, deposits were to be converted into securities.

Bank debt to depositors

Internal debt of the state, in accordance with the amount of savings, in 2012 amounted to 27.7 trillion rubles. This figure was announced by the Ministry of Finance. In the period from 2005 to 2011, payments were systematically made to citizens of the country of a certain category. In total, the frozen deposits of Sberbank decreased by 365.5 million rubles. Since 1996, the people of Russia have received 441.6 billion rubles in their hands.

Legislative basis for payments

Frozen deposits of Sberbank will be gradually paid out until 2016. The payment will be made to persons born before 1945. The money can be received by the heirs of the latter in the amount of three times the balance as of1991 If earlier the depositor or his heirs received partial compensation, it will be deducted from the principal debt of the state. If the deposit was officially closed in 1991 between June 20 and December 31, no compensation is due.

Residents of Russia, whose year of birth is from 1946 to 1991, will receive compensation on their deposit in double the amount. The volume of payments will be calculated individually in accordance with a certain coefficient, it depends on the duration of the deposit. If the depositor died between 2001 and 2014, and the amount of his deposit was more than 400 rubles, the heirs can receive about 6 thousand rubles from the state to pay for funeral services. Starting from 2014, all depositors will be able to receive deposits, regardless of their year of birth. Full fulfillment of state obligations is planned for 2020.

Legislative retreat

Citizens of the state who are counting on compensation should know that Sberbank does not return deposits in rubles in certain circumstances. Cannot count on financial rehabilitation:

• Contributors and their heirs who, living in the territory of the Russian Federation, do not have citizenship.

• Contributors and heirs who do not currently reside in Russia or are citizens of other states.

Payments on deposits that were opened on the territory of states that were previously members of the USSR are carried out by the governments of thosethe states themselves and in strict accordance with the legislation in force in their territory. Information about compensation for damage is entered in the savings book. Such a serious approach to its obligations to depositors makes it irrational and premature to think about whether Sberbank could freeze deposits in 2015.

What deposits does the bank offer today?

The financial institution continues to work actively. There is a wide range of offers not only for foreign currency deposits in Sberbank, but also for deposits in rubles. Despite the reduction in rates, the range of offers remains very wide. Today, new Sberbank deposits are available to clients of a financial institution:

• Refillable. The deposit can be opened in euros, rubles and dollars. The minimum contribution is from 1000 rubles, 300 dollars and 300 euros. The duration of the deposit is from three to 12 months. If desired, the deposit can be replenished by 1000 rubles, 100 dollars or euros, it all depends on the currency. 5% is offered for the ruble deposit, 4.15% for the dollar deposit, 3.85% for the euro.
• Special. The duration of the deposit is from 3 months to three years. The minimum contribution is thirty thousand rubles, 1000 dollars or euros. The offered interest on the ruble deposit is 4.85%, on the dollar deposit - 5.3%, on the euro - 4.75%.
• Cumulative. This is a deposit with a minimum deposit of 30 thousand rubles at 6%. The interest itself may vary depending on the amount of the deposit and its duration. The duration of the deposit is 24 months. Additional contributions are allowed from1000 rubles.

The latest offers made by Sberbank of Russia are trust deposits and "Give Life", multi-currency and universal. Everyone will be able to find the optimal investment format for themselves, but whether it is worth agreeing to a partnership, we will deal with this issue below.

Great deals for pensioners

In the framework of the policy of the Savings Bank of Russia, there are very interesting offers for the elderly. Two deposit formats can be mentioned:

• Pension in rubles with an interest rate of 6%. The minimum deposit is 1000 rubles, and the duration of the deposit is from three months to two years. It is not possible to withdraw funds from the account and replenish the account. If the opportunity to replenish the account is open, then the interest on the deposit is 5%.
• Pension plus. This is a contribution only for pensioners with an initial capital of 1 ruble and the possibility of replenishment also from 1 ruble. The interest rate is 3.85%. The partnership period is 36 months.

Promising investment of capital, or One side of the coin

Over the past decade, the entire domestic banking system has undergone dramatic changes. This applies not only to development, but also to degradation. In parallel with the expansion of the range of services, the closure and bankruptcy of financial institutions took place everywhere. Those institutions that managed to survive the crises of 1998 and 2008 lost ground in 2015. The most common service is a deposit. Sberbank of Russia offers deposits far from the bestprofitable, but in terms of reliability it is several times higher than private commercial organizations.

How about a bet?

If you look at the question from the side of the size of the rate as an attempt by the bank to attract as many investors as possible in order to stay afloat, then the policy of Sberbank wins against the general background. It was reported that the bank had recently cut rates in order to maintain its liquidity. This fact greatly upset the depositors and caused a wave of indignation on the part of the public. People are also interested in the question of whether Sberbank can freeze deposits. Here it will not be possible to give an unequivocal answer, we can only state the fact that at the moment the financial institution is fully fulfilling its obligations to customers, albeit with minor hitches. Against the backdrop of bankrupt brothers, negative reviews of which are widespread everywhere, it is a good option.

Bad story

Sberbank, although it acts as the most reliable domestic bank, its history haunts many potential depositors. The contributions frozen in 1991 excite contemporaries. The question of whether foreign currency deposits will be frozen or not is on everyone's lips. People worry about history repeating itself. On the other hand, such financial institutions as "Financial Initiative" and "VAB", "Finance and Credit" and "Terrabank" completely abandoned their obligations due to lack of capital. All the manipulations of the government and management personnel, until they bringresult. If we consider new deposits of Sberbank, we must take into account the fact that the financial institution enjoys strong government support. He never gave up his duties and even today he tries to fulfill his duty to the investors of the past.

Some interesting points

If you look from the side of statistics, it is Sberbank, the deposits of individuals in which are constantly increasing, that is the most reliable and unshakable. If there is a default in the country, which is unlikely, the financial institution will be the last to close. Being the owner of 51% of the institution's shares, the government is trying with all its might to support it, systematically carries out additional capitalization, and the frozen deposits of Sberbank in 1991 are paid even today after the preliminary payment of funds to the country's budget. When planning cooperation with a financial institution, you should pay attention to the following points:

• Interest rate, which is an order of magnitude lower than that of competing structures.
• The deposits of individuals in Sberbank in the amount of 700 thousand rubles or more make sense, since they are completely covered by the agency's insurance.
• If you plan to deposit a small amount and for a short time, it is better to do it in a small commercial institution. There, the percentage is higher, and the probability of bankruptcy in such a short time is almost completely excluded.

What challenges did the bank face today?

There are no complaints about the payment of deposits to the financial institution. Moreover, the frozen deposits of Sberbank from 1991 are systematically paid out. Minor problems can arise when withdrawing large amounts of money, and even then not in terms of refusing payments, but in terms of the need to order money at the cash desk in advance. In December 2015, the bank's customers received information that ruble and foreign currency deposits would be frozen for the holidays. The financial institution did just that - it blocked access to the accounts of its customers from December 31 to January 5. After the specified time, the functionality was restored. The financial institution was forced to carry out such manipulations due to sharp fluctuations in currencies, and such a combination of circumstances is not a harbinger of problems. Minor glitches were fixed in the online account and in the field of translations. There have been delays in receiving payments and delays in transfers. As for deposits, there are no complaints about the financial structure at the moment, therefore, it is not worth considering seriously the question of whether deposits can be frozen.

Are domestic bank deposits protected?

All deposits in domestic banks are covered by the Deposit Insurance Agency. In accordance with the law, each owner of a deposit in case of bankruptcy of a financial institution can receive compensation in the amount of 700 thousand rubles if the deposit is equal to or more than the amount. There is information that over the past month the amount of the insurance payment has been doubled and now amounts to at least 1,400,000 rubles. There's no point in worrying. Both ruble and foreign currency deposits in Sberbank are well protectedlegislation. Given the actual economic situation in the country, you should avoid storing your capital in one financial institution, albeit the most reliable one. By dividing the available funds between large market participants, you can perfectly diversify risks. Even if some bank deposits are frozen, the interest on others will almost completely cover all losses. Sberbank can become a worthy member of the investment portfolio, but by no means the only place where all free capital accumulates.