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


More from author

Searches for dissidents continue in Moldova 10:33

Moldovan law enforcement authorities are conducting searches on representatives of opposition parties. This was reported by TASS Member of the Republican Parliament Marina...

China reduces equipment supplies to Russia for the first time in a year and a half 09:35

At the end of March, China supplied $2.9 billion worth of equipment, mechanisms and spare parts to the Russian market; This figure is...

A stranger in Chelyabinsk slashed a UFC champion and his friend and called them “pigs” 10:26

An immigrant living in Chelyabinsk was detained due to his conflict with UFC champion Irina Alekseeva. This was reported by Referring to...

It was learned that Germany was pressuring the USA to provide aid to Ukraine 10:21

Germany is pressuring the United States to supply at least one additional Patriot air defense system to Ukraine. This was reported by Bloomberg...