Sberbank Rossii : reduces mortgage rates as the New Year approaches

December 1, 2016, Moscow - Sberbank has launched 'New Year's Offer', which allows clients to receive the mortgage products 'Buying Finished Residential Property' and 'Buying Residential Property under Construction' with rates that are 0.5 pps lower than usual.

The new range of interest rates amounts to 11.5-13.0% per annum in roubles. For developers, under the offer the fixed interest rate has been reduced to 11.5% per annum. New Year's Offer runs until January 31, 2017.

In specific regions of Russia interest rates have been reduced by a further 0.5 pps: Moscow, the Moscow Region, Saint Petersburg, the Leningrad, Kaliningrad, and Rostov Regions, Tatarstan, the Chelyabinsk, Omsk, Novosibirsk, and Irkutsk Regions, the Republic of Yakutia, Chukotka Autonomous Region, Magadan, Khabarovsk, Amur, Primorsky, Kamchatka, and Sakhalin Regions.

In the abovementioned regions, the products 'Buying Finished Residential Property' and 'Buying Residential Property under Construction' have rates of 11.0 to 12.5% per annum. Under the offer, young families can request mortgages with rates of 10.25 to 12.0% in these regions, and from 10.75% to 12.5% in all other regions.

This additional special offer is open until February 28, 2017.

Mortgage application approvals are valid at Sberbank for 60 calendar days.

Rates are provided on the condition of taking out a voluntary life and health insurance policy after the mortgage has been registered. 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

Sberbank 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 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.