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Russia's Sberbank cuts interest rates on consumer loans

May 03, 11:21 UTC+3
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MOSCOW, May 3. /TASS/. Sberbank of Russia has reduced interest rates on consumer loans in the range of 1 to 8 pp, the bank said in a press release.

The maximum decline - by 8 percentage points - was registered on consumer loans from 1 million rubles ($15.7 mln). Now the interest rate on these loans is fixed for all categories of customers and is 11.9% per annum, according to the press release.

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