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Wednesday, May 27, 2020

Sberbank launches consumer loan promotion

Sberbank, the largest bank in Russia and Eastern Europe, has started a new promotion offering consumer loans to customers at a fixed interest rate of 14.5 percent per annum.

The terms apply for a period of three to 12 months on a loan of at least $4,700 - the campaign will continue through February 15.

"Traditionally, as we approach New Year, Sberbank offers its borrowers an opportunity to take out a consumer loan on the special terms. This year we are launching this campaign a little earlier to give our customers enough time before the New Year to implement their plans and to prepare for the holiday," Natalya Alymova, the director of Sberbank's Retail Lending Department, said.

The Central Bank of the Russian Federation is the founder and majority shareholder of Sberbank, owning 50 percent of the total share capital plus one voting share.