Russian millionaire bank deposits increase by 50% in a year data

A drop in capital outflow has led to unprecedented growth in private banking, research shows

More of Russia's super-rich are keeping their money at home, driving "unprecedented" growth in the private banking sector, new research shows. The number of high-net-worth individuals (HNWI) holding assets worth over 100 million rubles (roughly $1 million) in Russian banks jumped by 50% last year compared