Its currency is closer to the depositor

Banks Finansy25-12-2008 Its currency is closer to the depositor Sberbank suspended issuing foreign currency loans to individuals for an indefinite period. Bank explains its decision to care for the debtors whose obligations on foreign currency loans increased substantially due to a sharp weakening of the ruble. However, this measure is dictated not only care about customers. Savings Bank of Russia has suspended lending in foreign currency for an indefinite period. Solution "of the national bank in the country" is justified concern about debtors whose obligations on foreign currency loans increased substantially since then, as the beginning of the "smooth" the devaluation of the ruble. It is important that the experts are confident in continuing the policy of weakening the Russian currency. Weakening of the ruble against the euro and the dollar increases the risk of citizens ponabravshih loans in foreign currency. Earlier, Sberbank already taking some steps in this direction. In November, the Savings Bank to make recommendations to their clients not to take foreign currency loans. In addition, the bank raised interest rates on loans in foreign currency up 16% from the previous 14.5%, and for two years has reduced the maximum term of the loan.