All Things Newz

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

Article content

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.

Article content

* 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:

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

Source link

Related posts

Ukraine Latest: Russia’s Lyman Fallout; US Pushes for More Aid

‘Day by day’: Trade bans, inflation send food prices soaring

U.S. corn drops on profit-taking; wheat, soybeans edge higher