October 18, 2016, Moscow - On October 18, 2016 Sberbank cut its rates on the entire mortgage product line. Rate cuts on «Buying Finished Residential Property» and «Buying Residential Property Under Construction» products will total 0.5%, and the new rate range will equal 12%-13.5% annually in roubles. Rates on «Mortgage with State Support» have been reduced to 11.4% annually.

Also, Sberbank has launched a special offer involving an additional 0.5% pps drop in rates in certain Russian regions. This offer is available from October 18 until December 31, 2016.

These special offers are available in the following regions: Moscow, the Moscow Region, Saint Petersburg, the Leningrad, Kaliningrad, and Rostov Regions, the Republic of Tatarstan, the Chelyabinsk, Omsk, Novosibirsk, and Irkutsk Regions, the Republic of Yakutia, the Chukotka Autonomous District, and the Magadan, Khabarovsk, Amur, Primorsky, Kamchatsky, and Sakhalin Regions.

Rates on the «Buying Finished Residential Property» product will stand at 11.5%-13% annually in these regions. The «Mortgage with State Support» product involves a special rate - 10.9% annually, which will be offered by key partners of Sberbank, otherwise the rate will total 11.4%.

Young families can apply for a mortgage with rates ranging from 10.75% to 12.5% in regions where special offers are available and from 11.25% to 13% in other regions.

Sberbank's clients can take out a mortgage within 60 calendar days after their application is approved.

Rates are provided on the condition of taking out a voluntary life and health insurance policy. For further details about mortgages at Sberbank please see the «Mortgage» section on Sberbank's site.

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Sberbank
Alexander Baziyan
Press Office
Tel. +7 (495) 957 5721
media@sberbank.ru

Sberbankis 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 135 million individual customers and more than 4 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.

The Bank holds the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank:www.sberbank.com(Sberbank Group website),www.sberbank.ru.

Sberbank published this content on 18 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 October 2016 15:58:05 UTC.

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