Finance Ministry not letting go of individuals

The treasury certificates aimed at individuals are still one of the best financing sources for the Finance Ministry. Albeit investments in such saving instruments are not as large as they used to be, the good interest compared with the banking deposits and the zero risk are keeping the demand high. This is precisely what the Finance Ministry must be thinking, as it extended the deadline to subscribe to the latest issue of treasury certificates for the population for the second time. The new deadline is the end of July. The Treasury is still issuing certificates maturing in 180 days and bearing 14.5% interest a year, as well as securities due in 90 days and bearing 14% yearly interest. The three-month interest is somewhat more attractive than that offered by banks, as, with a few exceptions, the interest for this maturity on the banking deposit market is up to two percentage points lower (12-13%). The six-month certificates, however, are still below the offer of many banks (15-16%), due to their 14.5% interest. ZF