Translated with AI from the Russian original.
Almost one in seven Russians with income and personal savings has started to trust banks more in recent years. Such changes were noted by 14% of participants in a survey conducted by the Financial University under the Government of Russia.
Securities follow: trust in bonds and stocks increased among 10% of respondents. Another 9% became more confident in non-state pension funds (NPFs), while insurance companies managed to improve their positions for only 6%.
Experts attribute this shift to a feeling of greater stability in the financial system. Banks and NPFs are supported by a savings protection mechanism, and federal loan bonds gain weight from the state as a borrower.
NPFs, according to the study's authors, additionally benefited from the long-term savings program and high returns over the past two years — about 20%. The survey was conducted in May among 1600 adult Russians with stable income and personal savings.
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