MOSCOW, December 6. /TASS/. Consumer loans extended by Sber in the fourth quarter of this year decreased by 30%, First Deputy CEO Kirill Tsaryov said.

"The volume of consumer loans extended in the fourth quarter went down by 30% despite the stable level of demand as a result of the key rate hike and restrictions on extension of loans to clients with high debt burden imposed by the regulator," he told reporters on the sidelines of an investor day.

The volume of consumer loans extended by the lender year-to-date has almost reached 3 trillion rubles ($32 bln), a 62% rise compared with the same period last year, Tsaryov added.

"Some 6.7 mln clients of the bank were granted consumer loans in 11M 2023, which is 1.3 mln higher than in 11M 2022," he said.