Gref thought that the commission for developers receiving concessional housing loans was a temporary measure 16:42

The head of Sberbank, German Gref, called for commissions to developers on concessional mortgages to be temporary. This was reported by TASS.

“This is a temporary measure,” he said.

According to Gref, there’s a balancing act that needs to be done “together with the developers.” The head of Sberbank noted the need for a contribution from builders to alleviate the situation.

He emphasized that as credit institutions begin to make losses, they lose their incentives to enter into mortgage loans. Gref described the claim that banks “earn a 5 percent margin on mortgage loans” as a fiction. The head of Sberbank added that if banks had such income, they would have to struggle to provide loans.

Gref explained that maintaining the level of mortgages is a necessary measure. It allows us to ensure the quality of the portfolio and the “survival” of development companies.

Analysts before this taken into account Investing in Sber shares is one of the best investment ideas.

Previously Sber Established It achieved record net profit in 2023.

What are you thinking?



Source: Gazeta

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