The flow of funds of individuals from deposits to the stock market does not pose any problems with Sberbank's liquidity

The flow of funds of individuals from deposits to the stock market does not pose any problems with Sberbank's liquidity The flow of funds of citizens from bank deposits to the stock market is for Sberbank (MCX: SBER) "healthy character" and does not bear any problems with the liquidity of the credit institution, said a member of the board, senior vice president, head of the block "Wealth management" Sberbank Natalia Alymova on "Investor Day".

"When we were shaping our vision for 2023, we put together all the ambitions that we had in the investment business, compared them with the growth that we will have in terms of deposits (we will continue to grow), because we are still operating the client's wallet and look at all the funds that are at his disposal. And we do not see any threats to the bank's liquidity. The overflow that we are seeing at the present time, due to low rates due to inflation, it carries for us "healthy character" and in general it is quite diversified in terms of the products our clients visit", - she said.

According to the deputy chairman of the board, the head of the block "Retail business" Sberbank Kirill Tsarev, customers are in growing demand for various services. "And here it is very important that we provide the entire line: we offer seamless opportunities to move from one product to another. And we believe that in the end, clients will have a balanced portfolio, that is, it will not be entirely in securities or only, conditionally, in the cache. We will certainly integrate this into a single system. And we have already started doing this - our mobile application already allows you to perform all these operations.", - he said.

"This year, our entire investment product line went digital and presented in "Sberbank Online". We observed a very interesting experiment in the formation of natural demand immediately after they appeared.", - Alymova explained, noting that the most popular products were products with a low entry threshold on brokerage accounts, open mutual funds and BIFs. In terms of the premium segment, interest was observed in the segments of trust management, investment life insurance (ILI) and closed-end mutual funds.

According to Sberbank, investments in Russia now account for only 15% of the total savings structure (deposits and accounts). According to the bank's forecasts, by 2023 this share will grow to 19%. The bank expects the highest growth rates for brokerage accounts and open mutual funds - up to 17% per year. Pension funds of NPFs by 2023 will grow to 6 trillion rubles from 4.4 trillion rubles at present due to non-state pension provision (NPO).

"We expect that by 2023, 20 million people will use Sberbank's personal financial management services every day. The number of clients making savings will grow 1.5 times. Retail investment products and brokerage services for individuals will provide over RUB 100 billion in operating income", - Alymova said.