Sberbank’s consumer loans in the fourth quarter fall by 30%, according to an official – 12/06/2023

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)