Annual losses of Russian banks from the introduction of CBDC estimated at 50 billion rubles

The introduction of the digital ruble could potentially hit banks and benefit retailers. This was stated by analysts of the company “Yakov and partners” to the publication Forbes.

According to their preliminary assessment, due to the fact that the new asset will partially take away a share from non-cash payments, banks may begin to lose up to 50 billion rubles a year in the form of fees for servicing payments and expenses for attracting liabilities.

At the same time, the appearance of the digital ruble will have a positive impact on the income of retail chains – at least 80 billion rubles a year.

“With the new tool, retail chains will be able to save on acquiring and instantly receive funds to their accounts, unlike card payments, when it can take up to three days,” experts estimated.

For consumers, the advantages of the digital ruble are not so obvious – they can be left without interest on the balance and cashback for operations with it.

“The digital ruble has no obvious advantages in terms of convenience of everyday use, and international experience shows that the reduction in the cost of acquiring does not lead to price reductions or slowdown in their growth, only to an increase in retailers’ profits,” the analysts emphasized.

So far, they do not expect the digital ruble to take the bulk of retail payments.

Recall that the launch of the prototype of the digital ruble platform took place in January 2022 with the participation of five banks. Together with the regulator, they tested the release of an asset, the opening of digital wallets, as well as transfers between citizens.

Previously, experts have already warned that the issuance of the digital ruble will significantly reduce the income of banks. Sberbank estimated a possible outflow of bank funds at the level of 2-4 trillion rubles.

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The introduction of the digital ruble could potentially hit banks and benefit retailers. This was stated by analysts of the company “Yakov and partners” to the publication Forbes.

According to their preliminary assessment, due to the fact that the new asset will partially take away a share from non-cash payments, banks may begin to lose up to 50 billion rubles a year in the form of fees for servicing payments and expenses for attracting liabilities.

At the same time, the appearance of the digital ruble will have a positive impact on the income of retail chains – at least 80 billion rubles a year.

“With the new tool, retail chains will be able to save on acquiring and instantly receive funds to their accounts, unlike card payments, when it can take up to three days,” experts estimated.

For consumers, the advantages of the digital ruble are not so obvious – they can be left without interest on the balance and cashback for operations with it.

“The digital ruble has no obvious advantages in terms of convenience of everyday use, and international experience shows that the reduction in the cost of acquiring does not lead to price reductions or slowdown in their growth, only to an increase in retailers’ profits,” the analysts emphasized.

So far, they do not expect the digital ruble to take the bulk of retail payments.

Recall that the launch of the prototype of the digital ruble platform took place in January 2022 with the participation of five banks. Together with the regulator, they tested the release of an asset, the opening of digital wallets, as well as transfers between citizens.

Previously, experts have already warned that the issuance of the digital ruble will significantly reduce the income of banks. Sberbank estimated a possible outflow of bank funds at the level of 2-4 trillion rubles.

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