Savings Bank lowers base rates on corporate loans

Sberbank of Russia reported a reduction from 15 May 2013 the base interest rates on corporate loans. Rates were reduced by 0.4-1.4% per annum, depending on the term of the loan for loans in rubles and 015-06% for loans in foreign currency.

"We believe that this is a very positive impact on the market, - Said the Deputy Chairman of the Management Board of Sberbank of Andrew Don. - We look forward to increasing and intensifying the demand for loans from corporate customers, especially customers from mid-size and large businesses . "

"Our growth forecast for the corporate portfolio as a whole on the market - 13-14%, we will try to beat him and show growth of 15%, - Said Andrew Don. - Reducing rates, we hope to stimulate lending and enter the preset parameters of growth . This is an ambitious plan for us, especially given the scale of our business. Sberbank's corporate loan portfolio of 7.2 trillion rubles. But we believe that we can enter into a planned trend. "