Research detail

03.12 2012 17:38:39

Sberbank goes for broke

by Ekaterina Kondrashova

In a sudden move, Sberbank has announced a New Year action for consumer lending promotion, largely intended for its clients. The step looks unexpected because the bank has recently been worried about a precipitous growth in consumer lending and has done all it can to keep it in check, while financial sector spokespersons, both now and then, have stated interest rate hikes under various consumer programs.