Sberbank will not be able to stop lending in foreign currency

© RIA Novosti / Ramil to Setdiscoverable in photobunny office savings Bank to work in an Agile format. archival photoSberbank will not be able to stop lending in foreign currency© RIA Novosti / Ramil to Setdiscoverable the image Bank

Sberbank could not stop foreign currency lending, as customers need the currency, including for the purchase of equipment, told reporters the head of the largest Russian Bank Herman Gref.

The day before, on 16 April, representatives of the Bank of Russia reported that the regulator is studying the possibility of additional restrictions on the issue by Russian banks of foreign currency loans, in particular the increase of risk factors for the exporters, which is expected to be «relatively small».

«With regard to foreign currency lending, not all have to be adjusted. Foreign currency lending is not growing, but falling. The share of foreign currency loans from us in 2014 fell significantly…. Nothing in the banks do not just turn off — if you have a portfolio and formed a large enough pool of foreign currency loans, they can not turn over», — said Gref.

«We are now looking closely at the currency risks and gedirem them…. We can’t stop lending in foreign currency because our customers need the currency. They are engaged in foreign economic activities, purchasing machinery,» — said the head of Sberbank.

Sberbank will not be able to stop lending in foreign currency© RIA Novosti, Infographicsrussia against Russia and international trade

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