Banks’ assets grew at a rate of 20.1% in May 2013, being a slightly lower than in 2011 and 2012. In May, financial result of the banking business was found to be minimal since the fall of 2011. Household savings on bank accounts and deposits slowed down rapidly after three months of growth. A mid-term downtrend for retail lending was still there. The corporate segment of the lending market also saw slow growth rates. Banks became a beneficiary of the decline in the ruble exchange rate in June. In June 2013, growth in USD/RUB exchange rate may generate a net profit of more than Rb 30bn for banks from revaluation of accounts.