Sberbank reported that in November 2022 it raised loans to legal entities by about 1.1 percent and loans to individuals by roughly 1.8 percent, measured before currency revaluation according to Russian accounting standards. The data reflect the bank’s ongoing liquidity and credit activity across both corporate and retail segments, illustrating a broad-based move toward expanding credit exposure during a period of stable macro conditions.
Through the first eleven months of the year, the corporate loan portfolio expanded by around 13.1 percent while the individual retail portfolio grew by about 11 percent, signaling sustained demand for financing across business customers and households alike. The numbers point to a consistent pattern of credit growth as the bank executed its lending strategy in a competitive market environment and maintained prudent risk controls.
The bank noted positive momentum in consumer lending beginning in the final quarter of 2022, supported by a stable interest rate environment that helped sustain demand. In November, consumer loan issuance remained elevated, reflecting continuing consumer confidence and the bank’s capacity to meet borrowing needs with a range of products tailored to income and household budgets.
From a portfolio quality perspective, credit metrics remained steady. The share of overdue loans held relatively steady in November, totaling about 2.3 percent, which aligns with the bank’s long-standing risk framework and monitoring practices. This stability provides assurance to investors and clients about the resilience of credit performance amid evolving market dynamics.
Retail growth drivers included housing finance and credit cards, which contributed meaningfully to the expansion of the retail portfolio. Since the start of the year, mortgage lending surpassed significant milestones, with new mortgage originations reaching substantial levels and reinforcing the bank’s focus on housing affordability and steady homeownership support. The breadth of retail credit activity underscores the bank’s strategy to balance portfolio diversification with responsible lending.