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. Last Updated: 07/27/2016

Sberbank to Boost Loans

Sberbank said Wednesday that it plans to increase its retail loan portfolio by 6.8 percent this year to 1.25 trillion rubles ($41.3 billion), reaching precrisis levels, RIA-Novosti reported.

The bank’s overdue retail loans rose to 4.07 percent at the start of the year from 2.5 percent a year earlier, the bank said.

(Bloomberg)