Sberbank's mortgage portfolio increased to 1.5 trillion rubles

24 April 2014, Moscow - Since the beginning of 2014 Sberbank's mortgage portfolio has increased by more than 100 billion rubles, reaching 1.5 trillion rubles, an 8% increase.

This increase of the portfolio is a result of the high growth rates in mortgage lending, which in the first quarter of 2014 (172.4 billion rubles) were 87% higher than during the same period last year.

Along with the lending volumes, the number of loans provided has been increased by 66%. All in all, 114, 000 families improved their living conditions during the first quarter of 2014 with the help of Sberbank products.

In addition, there was an increase in the average loan amount from 1.35 million rubles in March 2013 to 1.52 million rubles in March 2014. In 2014, the minimum mortgage loan amounted to 45 thousand rubles (issued in Srednerusskiy and Severo-Zapadniy banks), while the maximum was 50 million rubles (issued in Moskovskiy bank).

The average credit period among bank customers decreased by 12 months during a year - in March 2013 it was 182 months, in March 2014 - 170 months.

There are no commissions on Sberbank loans for individuals.

"These results indicate a high demand for the bank's mortgage products and an increase in their accessibility", - said Natalya Alymova, Director of the Retail Lending Department at Sberbank of Russia.

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Sberbank of Russia
Alexander Baziyan
Public Relations
Tel.: +7 495 957 5721
media@sberbank.ru

Sberbank of Russia is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 110 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.

The Bank holds the general banking license No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru

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