12.10.08

Russian citizens have showed in late September the highest level of trust in the stability of the country's financial system, according to a study conducted by the strategic research centre of the Rosgosstrah insurance company.

The pollster said that 50 percent of Russians believe in the soundness of Russia's financial system, another 58 percent of the respondents say they do not expect the recurrence of the crisis that hit Russia back in 1998. Around 3 percent say that Russia is now facing the financial crisis. Therefore 2 percent of citizens of big and medium cities took their money back from banks. Meanwhile, another 48 percent have no such plans.

Although the crisis has been seizing the world financial markets for more than 12 months, only 7 percent of people say they lost their money.

"The actions of the Russian government and monetary authorities aimed at preventing an acute stage of the crisis as well as awareness raising campaigns in mass media showed that trust in the stability of Russia's financial system reached its highest level over the whole period of our studies," the head of the Rosgosstrah strategic research centre, Alexei Zubets, said.

"Fifty percent of Russian citizens trust Russia's financial system, while only two months ago this share totalled 36 percent. Two years ago, in autumn 2006, their number was much less - 30 percent," he said.

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Source: Itar-Tass