The volume of assets of foreign clients in brokerage accounts of Russian investment companies and banks in the third quarter increased by almost 20%, to 1.3 trillion rubles.
The pace decreased slightly compared to the second quarter due to a slowdown in the growth of assets of companies reregistering from abroad to Russian offshore companies.
But clients from foreign offshores (UAE, Belize, Seychelles, Cayman Islands, Luxembourg) continued to increase their assets, and the highest rates were observed for Saudi Arabia, which is relatively new to the list.
This country, experts explain, against the backdrop of expanding economic and political ties with the Russian Federation, is increasingly being seen as an alternative to the UAE.
According to Kommersant’s estimates, based on data from the Central Bank, in the third quarter the total number of non-resident accounts with Russian brokers increased by more than 6%, to 27.5 thousand. Account assets grew even faster.
During the quarter they increased by 19%, to 1.26 trillion rubles. The main increase in accounts was provided by private investors (by almost 1.4 thousand units, to 26.1 thousand units), and in terms of assets – by legal entities (by 24%, to 1.26 trillion rubles).
