In 2024, there was unprecedented growth in the Russian segment of VIP banking clients: their number increased by 50% in one year, up to 21.8 thousand people. The total amount of their funds after autumn 2022 increased by 62% and amounted to 13.1 trillion rubles, writes Vedomosti citing a study by Frank RG.
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The agency’s analysts divided the private banking segment into two categories: rich clients (people with high net worth) and very rich clients (people with very high net worth).
The first group includes citizens whose financial assets are valued between 1 and 5 million dollars, or between 100 and 500 million rubles at the current exchange rate. For the latter, the amount of capital in local banks starts from 500 million rubles.
The capital growth of these clients was affected by difficulties. with services in foreign banks, deposits in banks, revaluation of currencies, changes in the value of foreign exchange assets.
Author:
Karina Pardaeva
Source: RB
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