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Why banks lower interest rates on loans

May 16, Sberbank has lowered rates on consumer loans by a few percentage points depending on the term and conditions of the loan. New level roughly corresponds to the pre-crisis indicators. Or at least until the acute phase, occurring in late 2014 — early 2015. We can assume that Sberbank …

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VTB thinking about selling the Ukrainian business

VTB is the second in terms of assets in Russia, the financial organization may sell its Ukrainian business, as it does not see opportunities for development in the country. This was stated by the head of the Bank Andrey Kostin, reports on Tuesday, may 17, RIA Novosti. “As for Ukraine, …

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Expert: decline in Sberbank rates on consumer credits — alarm

The decline in Sberbank rates on consumer loans indicates a decrease in the income of the population and can lead to social explosion. This view of the “Rosbalt” was expressed by the Chairman of Arbitration court of arbitration of Moscow Alexey Kravtsov. In his opinion, such “opportunities of advertising of …

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