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Sberbank expects 3.5% increase in retail deposits in 2022 -Interfax


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LONDON, Sept 5 (Reuters) –

* Russia’s largest lender Sberbank expects funds deposited by individual clients to rise by 3.5% in 2022, Interfax news agency reported the bank’s first deputy chairman, Kirill Tsarev, as saying.

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* Individual deposits rose by more than 300 billion roubles ($4.9 billion) in July, Tsarev said.

* Tsarev said that Sberbank had increased its retail lending portfolio by 5.1% since the start of 2022, with growth driven by mortgages and credit cards.

* Tsarev said the volume of consumer loans issued in August was the highest since the start of the year.

— Source link: https://www.interfax.ru/business/860657

— Note: Reuters has not verified this story and does not vouch for its accuracy (Reporting by Reuters Editing by David Goodman )



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