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Sberbank Rossii OAO : Sberbank reviews its rates on consumer loans

09/18/2012| 04:12am US/Eastern
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Sberbank reviews its rates on consumer loans

September 17, 2012, Moscow - Sberbank of Russia announced changes in its interest rates on consumer loans.

The interest rates under Unsecured Consumer Loans and Consumer Loans Guaranteed by Individuals programs are established within the following ranges:

- For customers, who receive their income in the form of salary/pension to the card/deposit account opened with the Bank, from 16.5% to 22.5% per annum for loans in rubles, and from 13.5% to 19.5% per annum for loans in US dollars/Euros;
- For customers working in the accredited organizations, from 18.5% to 24.5% per annum for loans in rubles, from 15.5% to 21.5% per annum for loans in US dollars/Euros;
- For all other customers, from 19.5% to 25.5% per annum for loans in rubles, from 16.5% to 22.5% per annum for loans in US dollars/Euros;
Within these ranges, the interest rate will be established on a case-by-case basis depending on the reliability and solvency of the customer.

The main benefits of consumer lending in Sberbank of Russia are favorable rates, no fees and commissions, and a decision on granting the loan within no more than 2 working days.

# # #

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

OJSC Sberbank of Russia is the largest bank of Russia that holds about 27 % of the Russian banking assets and employs nearly 240,000 people. The Central Bank of Russia is the founder and major shareholder of OJSC Sberbank of Russia, owning over 57.6 % of its voting shares. Other shares are held by more than 245,000 natural persons and legal entities. The Bank has one of the largest branch office networks in Russia: 17 regional banks, about 19,000 branch offices and internal structural divisions, as well as subsidiaries in Kazakhstan, Ukraine and Belarus, an affiliate in India, and representative offices in Germany and China. After acquiring Volksbank International in 2012, Sberbank has representative offices in 9 countries of Central and Eastern Europe.

General Banking License issued by the Bank of Russia - No. 1481.
The bank's official website is www.sberbank.ru

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