2023-12-06 08:32:50
Sberbank’s consumer loans fell by 30% in the fourth quarter, the first deputy general director of the largest Russian bank, Kirill Tsaryov, said on Wednesday.
“The volume of consumer loans in the fourth quarter decreased by 30% despite a stable level of demand, due to an increase in the key rate and the introduction by the regulator of restrictions on lending to clients with a high load of debt,” Tsaryov said.
Sberbank expects its retail client base to grow by 4.5 trillion rubles ($48.49 billion) and exceed 22 trillion rubles in 2023.
($1 = 92.8000 rubles) (Reporting by Elena Fabrichnaya; Writing by Maxim Rodionov; Editing by Christopher Cushing)
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