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.