Sberbank made its forecast for individual and corporate loan demand 17:00

Sber Senior Vice President Taras Skvortsov said that Russia has never lived in a situation where a high interest rate in the economy persists for a long time, so Sber expects a slowdown in 2024.

“The market has grown 5 percent in the last four months, so our 12 to 15 percent growth forecast is valid,” he said.

According to Skvortsov, Sberbank’s forecast may need to be raised.

“Today, we see that all banks are actively providing loans, and this is one of the most important factors of economic growth today,” he said.

Skvortsov added that the forecast for retail loans remains between 9% and 11% for the year.

“It matters what decisions will be made regarding the extension of government mortgage programs and what decisions will be made by the regulator,” he said.

According to him, a possible tightening in consumer and other types of credit affects growth.

“Our current forecast can be called conservative. “Of course, we will re-evaluate the forecasts, taking into account the decisions we will make before the financial statements are announced,” Skvortsov concluded.

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Source: Gazeta

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