The country’s stock market has been gradually going down over the last couples of months, while its indices keep falling. Some analysts believe this has to do with the pressure exerted on the market by the lack of good news from the U.S. and the plummeting of oil prices. Investors feel this state of the market can play into the hands of the country’s banking bankers: as investing in securities grows increasingly risky, banks can fill in the niche for private investments by offering a guaranteed profit on deposits.

SKB-Bank’s Sales Support Director Denis Belogurov says most banks were getting ready for the traditional summer slack on the securities market and did not expect the market conditions to prove so favorable for them.

‘Given the stock market’s instability, most banks, including ours, are aspiring to win the share of the market that can now become available for them, so banks are trying to come up with additional services for their customers. SKB-Bank, for instance, is currently offering the Green Light program to the depositors, which means any customer who comes to set up a time deposit in our bank can do this without having to wait in a line of other people. In addition, we’ve come up with a new range of banking products: these are some deposits with even greater profitability,’ Denis Belogurov reports.

At the moment, SKB-Bank offers its clients the guaranteed deposit income of up to 14.5% a year.