Wednesday, June 1, 2011

Sberbank denied credit for 18%

The main bank in the country - not a boor. Company's press service denied information about the inflated rates, to which local authorities have complained in Mari El. President of Russia, during his official visit to the republic of Mari El complained of 18% loans in Sberbank and VTB 24 ". This angered the head of state. He called excessive interest "rudeness" and demanded the deal. Sberbank has responded to Medvedev puzzled by circulating an official statement. It notes that, according to the president of Mari El, Leonid Markelov, the region remains a problem of high interest rates on loans to commercial banks, but "Sberbank of Russia" is not among them. Currently, the weighted average interest rate on the loan portfolio in the Republic of Mari El is less than 11.5% per annum and does not differ from the average rates in other Russian regions. On newly issued loans to lending rates in the range of 9-12,25% per annum, depending on the duration and level of the borrower. An official response from the bank "VTB 24" is not followed.

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