Sberbank expects commercial loans to fall by 15-20% in the coming months. The prerequisite for such a significant decrease in the volume of loans was the high key interest rate, because loans to companies are provided according to the “key rate plus” scheme and have become expensive, Sberbank reported.
The volume of commercial loans in Russia in November-December may fall by 15-20%. The first vice president of Sberbank, Alexander Vedyakhin, spoke about this, his words are quoted by RBC.
Vedyakhin noted that the bank provides loans according to the “key rate plus” scheme. The Central Bank rate is currently 15%, so the number of applications for investment and other types of loans by companies is falling sharply, he explained.
“In November and December we will see a sharp drop in the pace of lending to legal entities,” Vedyakhin said.
The Bank of Russia raised the official interest rate from 13% to 15% at the end of October. After this, large Russian banks increased rates on mortgages, consumer loans and bank deposits.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
