Sberbank First Attracts Nearly 300 bln Rubles in 1H 2015
OREANDA-NEWS. Sberbank's premium network "Sberbank First" attracted record deposits. In the first half of 2015 Sberbank First attracted 297.5 bln rubles, several times more than was attracted in all of 2014.
The network currently holds deposits of 1.4 tln rubles or 15.6% of Sberbank's retail funds - an increase of 1.5 times in the last year.
In the first half of 2015 4.5 bln rubles was invested in the investment products (mutual funds and asset management) offered by the Sberbank First network, which is 170% more than the figure for the same period last year.
As of now clients have invested about 12 bln rubles in mutual funds and asset management. Sberbank First clients invested about 1 bln rubles in the additional issue of the closed-end real estate mutual fund "Residential Real Estate 2" in the spring of 2015, which accounts for more than 70% of funds attracted by the fund. On May 20 Sberbank began selling shares of the open-ended fund "Sberbank Biotech", more than 700 mln rubles have already been attracted.
"Record funds have been attracted owing to attractive rates on deposits, especially with the service package Sberbank First. Currently, almost every second premium network client uses this service package," said Managing Director of Sberbank First Premium Office Network, Maria Podenko. "Our priorities are developing the product line and improving individual services for each client."
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