High-income clients are increasingly choosing a strategy that combines traditional deposits with investment products. VTB Private Banking reported that since the beginning of the year, the amount of funds placed in the bank’s investment products has grown by a third. Nevertheless, deposits and savings accounts still make up the bulk of VIP clients’ portfolios, accounting for around 64%. The remaining 36% consists of investment and insurance products, and this segment is growing faster than the others.
Within VTB Private Banking’s investment portfolio, the breakdown is as follows: 48% is allocated to brokerage services, 17% to mutual funds, 14% to insurance products, and the remaining 21% to other instruments.
Within VTB Private Banking’s investment portfolio, the breakdown is as follows: 48% is allocated to brokerage services, 17% to mutual funds, 14% to insurance products, and the remaining 21% to other instruments.