Amounts Due to Customers 

A breakdown of the structure of amounts due to customers is presented in the table below:

  As of 31 December 2010 As of 31 December 2009 Change, %
RUB m Amount % of amount Amount % of amount  
Due to individuals          
Current/settlement accounts 785,750 11.8 540,455 9.9 45.4
Term deposits 4,048,709 60.9 3,246,857 59.7 24.7
Total 4,834,459 72.7 3,787,312 69.6 27.6
Due to corporate customers          
Current/settlement accounts 1,199,581 18.0 965,032 17.8 24.3
Term deposits 617,091 9.3 686,527 12.6 (10.1)
Total 1,816,672 27.3 1,651,559 30.4 10.0
TOTAL 6,651,131 100.0 5,438,871 100.0 22.3

At 31 December 2010, amounts due to individuals and corporate customers increased by 22.3% to RUB 6,651.1bn. The share of amounts due to individuals in the total amount due to customers increased by 3.1 p.p. to 72.7%; the portion of amounts due to corporate customers fell to 27.3%.

In 2010, the structure of amounts due to individuals and corporate customers changed little versus 2009. Term deposits make up 70.2% of amounts due to customers and the proportion of current accounts added 2.1 p.p. to 29.8%.

Currency structure of amounts due to customers at year-end

In 2010 the Russian rouble was the Group’s major funding currency with the volume of Russian rouble-denominated amounts due to individuals and corporate customers reaching 82.4%. This is a 3.5 p.p. increase versus 2009 reflective of a more stable exchange rate and customer confidence in the national currency returning.

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