OREANDA-NEWS. Over seven months of 2017, Sberbank has provided 1.017 tln roubles in retail loans. This amount can be divided almost equally into mortgage and consumer lending – 47% and 48% respectively. Changes to outstanding credit card balances accounted for just over 4%.

Compared to last year, the volume of loans issued has increased by 23% and almost reached the pre-crisis level recorded in 2014 of over 1.15 trillion roubles in seven months. However, this year 480 bln roubles worth of mortgage loans have been provided, which is a new record for Sberbank. The Bank’s retail loan portfolio has increased by 4% or 174 bln roubles since the year began.

«The growth in the volume of mortgage loans is a result of our rate cut and the launch of the DomClick website and electronic transaction registration, which has helped reduce the amount of time required to complete paperwork for real estate. Also we held a number of promotional offers for consumer loans which featured improved borrowing conditions. In addition, it is now simpler and easier to take out a loan – all you need to do is make a single short visit to the bank or apply online,» commented Maxim Poletaev, First Deputy Chairman of the Executive Board of Sberbank.