VTB CEO Kostin: it’s best to put a million rubles on deposit

Brief retelling from RIA II

The head of VTB, Andrei Kostin, believes that it is best to put a million rubles on a deposit.

Given the strengthening of the ruble, he called the rate of 10–11% good.

Kostin named corporate bonds as a second source of fixed income.

St. PETERSBURG, June 3 - RIA Novosti. The head of VTB, Andrei Kostin, believes that it is best to put a million rubles on deposit now. He told reporters about this at SPIEF-2026.

“Well, of course,” Kostin said, answering the question whether he considers the deposit a profitable investment instrument.

“Firstly, the ruble is strengthening, and against this background, 10–11%, it seems to me, is a very good rate. Secondly, at some stage I will be able to advise you to switch to the stock market, but to be honest, I would not do this yet,” the banker added.

“The market is very volatile, it, unfortunately, is subject to a very strong influence of geopolitical factors, and not only those related to our country, but also now to the Persian Gulf and so on,” Kostin explained.

Kostin named corporate bonds as a second source of fixed income.

“If the rates are higher and a good Russian company, then why not. Of course, they will pay everything, there are no problems. But I would not go into an instrument with a fixed income yet. It seems to me that we have not yet passed the period of volatility,” Kostin said.

“The rate will decrease anyway and maybe next year, if we come to a rate with one figure, then we will jointly look for other instruments,” the banker concluded.