Interest Rates on Ruble-denominated Loans to Non-financial Organizations and Deposits of Individuals* in 2003

	Jan.	Feb.	Mar.	Apr.	May	June	July	Aug.	Sep.	Oct.	Nov.	Dec.
On Loans to Non-financial Organizations	14.6	14.0	13.4	15.8	12.6	11.9	11.9	11.8	13.2	12.6	12.1	12.4
On Deposits of Individuals	4.6	4.4	4.2	4.5	4.5	4.5	4.9	4.3	3.9	4.2	4.3	4.3
On Deposits of Individuals excluding Demand Deposits	13.7	13.4	12.7	12.2	12.1	12.1	12.0	11.6	10.4	11.2	11.2	11.7

* On Russian Credit Organizations’ operations for all terms up to 1 year, excluding Sberbank.

Updated March 22, 2004.