Sberbank cuts down on credit rates

Russian Sberbank, whose office was recently opened in Zagreb, cuts down on credit rates in May already.It was announced by bank’s vice president Aleksandar Bazarov.Even earlier Russian president Vladimir Putin said that expensive debts slows down Russian economy development.Because of that, the authorities areprepared by the political decision to commit bankers to have debts at lower rates.And if this example from national banks starts to be followed by commercial credit organizations, that will become good tendency of Russian economy.

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