Portfolio of loans given to private clients by Ural Bank of Sberbank of Russia exceeds 50bn RUR

The outstanding amount of loans given to private clients by Ural Bank of Sberbank of Russia has gone up by over 12.8bn RUR over the ten months of 2006 and amounted to more than 50bn RUR. The bank has given over 250,000 loans worth 30.6bn RUR to private clients since the beginning of the year.

Ural Bank of Sberbank of Russia has also retained its leading position on the housing loan market. The increasing demand for mortgage loans is followed by the increasing amount of loans the bank gives and the increasing number of its clients. Thus, the bank provided 2,200 housing loans worth over 1bn RUR in 2002, 3bn RUR worth of mortgage loans to 15,500 people in 2005, and 5bn RUR worth of loans in the ten months of 2006. The outstanding amount of housing loans comprised 8.6bn RUR on November 1, 2006.

The appeal of the bank’s loan schemes is largely explained by the fact that the terms of giving a loan are getting better all the time. The bank has significantly reduced the interest rates on the second-time ruble loans this year. In addition, Ural Bank of Sberbank of Russia decreased the interest rates on ruble loans obtained since 2003 within the Construction Loan and New Family programs by 2% in August 2006, says the press officer for Ural Bank of Sberbank of Russia.


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