Sberbank has stopped issuing foreign currency loans to individuals

Savings Bank imposed a moratorium on lending to individuals in foreign currency for an indefinite period, reported the Interfax news agency director of public relations department of the Savings Bank of Russia Irina Kibina. According to I. Kibina, so Sberbank wants to minimize the risks associated with possible increase in "delay" for foreign currency loans, as the population does not always understand what foreign exchange risks, it is the growth rate of foreign currencies. The volume of retail loan portfolio on December 1, amounted to 1.27 trillion rubles. For 11 months credit potrfel grew by 33,5 percent. Sberbank has begun to advertise the ruble-denominated loans since November 1, increasing the rates on foreign currency loans and reducing the maximum loan term from five to three years. The minimum rate on the loan in the currency is now 16.5 percent. annum, which is two percentage points higher than the rates previously in force. Earlier this week, the president of Sberbank, German Gref, has announced the ability to convert foreign currency loans in U.S. Dollars for Public Inquiries. This week, central banks in Ukraine and Belarus encouraged commercial banks to fully suspend the issuance of foreign currency loans due to increased pressure on the currency.