There are many nuances. Speed depends on beneficiary bank and currency. At our bank, transfers usually take one to two days. Individual currencies are sometimes slightly longer due to special time constraints. Private Banking in 2019: Up or Nepal Phone Number Down? Private banking appears to be shrinking amid falling real incomes of the population and the emigration of many wealthy Russians. Is it true that no one will be selling such a service anytime soon or is it a myth? I think this characterization of the situation is a gross exaggeration. The past year has been challenging, but clients and their families still prefer great service, low commission costs and a high level of service. We are unlikely to see widespread denial of private banking services.
In the first half of the year, the volume of cross-border transfers and cash withdrawals increased. It was a tough time and they were working almost 24/7. But the second half of the year has shown that customers have adjusted to the new reality. Now we don't see the global changes that portend a shrinking private banking market. Is it reasonable for banks to set ambitious goals in the development of private banking? certainly. We look to the future with great ambition and set serious goals. First, financing volume. As the business scales, we plan to expand the team of experts. We will continue our regional expansion: last year we opened private banking operations in St. Petersburg, Krasnodar, Chelyabinsk, and this month in Rostov-on-Don. We plan to further expand the geographic scope of our presence.