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%.
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.