SBERBANK will increase the Mortgage Rate up to 15%

The revenue of the bank allows it crediting at its loss.

23.Dec.14 8:57 AM
By Svetlana Siuhina
Photo bankir.ru

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SBERBANK will increase the Mortgage Rate up to 15%

Sberbank is going to increase the rate of mortgage up to 15%. Deputy CEO Bella Zlatkis announced that the revenue of the bank allows it crediting at its loss. That is why the interest rate can be lower in comparison with the key rate:

“We have decided to continue providing our customers with mortgage credits. We have all necessary facilities and financial conditions for that. The interest rate is 13% at the moment. It will be increased a bit. Nevertheless it will not be higher than 15%”.

It should be noted that Bank of Russia has increased the level of key interest rate up to 17% starting from 16th of December.

After such measures have been taken, banks started to increase their own rates on deposits and credits.

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