March 23, 2015, Moscow - Today Sberbank reduced rates on loans for small business, Vice-President - Head of Sberbank's Small Business Development Department, Andrey Sharov, announced during a press conference.

Rates on loans for working capital of up to RUB 5 mln for one year have been reduced by 2%, and rates on two year term loans - 1.7%. Rates on loans for investment purposes of up to RUB 15 mln for terms of three years have been reduced by 1.2%.

Andrey Sharov said that Sberbank actively participates in state programs supporting business - in particular, by providing loans under guarantee by the Loan Guarantee Agency. For business line products the Agency's guarantee allows for the reduction of rates by 0.5 - 1.0% and for Sberbank's Credit Factory - up to 4% (depending on the term) for small and micro business clients. Since launching the program more than 138 loans worth a total of RUB 505 mln (guarantees of RUB 264 mln) have been issued under the Agency's guarantee. In 2015 Sberbank plans to make loans under the Agency's guarantee to small and medium business in excess of RUB 60 bln. Sberbank's cooperation with the Agency has made it possible to provide guarantees as collateral for loans to be used for working capital by small and medium business.

"Small and medium business has been a priority for Sberbank for many years," said Andrey Sharov. "According to an annual survey of small companies' consumer preferences, the perception of Sberbank as a bank for small business has changed greatly in the past year. And evidence of this can be seen in our record growth of 130,000 clients in 2014."

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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 17,000 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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