Sberbank has lowered interest rates on loans for legal entities

The main bank in the country headed for a decline. Deputy Chairman of the Board of Andrew Don reported that the interest rates on loans and deposits for legal entities reduced by 0,5-1,5 item. This is the seventh decline in 2010, the total amount of discount of 6-8%. To date, loans are granted to organizations on average by 8-12% per annum. Two days earlier, Sberbank has reduced interest rates for individuals on 0,6-1,5%. These processes take place against the backdrop of an increase in net profit of the bank. During 7 months of this year it grew by 11 times compared to the same period in 2009.