11 Oct 2010 15:11

RSHB lowers rates on loans to individual clients

MOSCOW. Oct 11 (Interfax) - Rosselkhozbank's (RSHB) managing board has decided to lower interest rates on several types of consumer loans, the bank said in a statement.

The bank, for instance, is lowering rates on home loans depending on the term of lending and the size of the down payment from 13.75%-15% to 11.5%-13.5%.

In addition, car loan rates were lowered by 1.5-2 points to 12.5%-15% depending on the downpayment and term of lending. The rate for loans to purchase used cars was lowered by 2-3 points to 13%-16%.

The bank decided in September to lower the interest rates on loans for agricultural producers. The rates for short-term loans offered for up to 90 days was lowered from 13%-13.5% to 9%, loans from 91 to 180 days - from 13.5% to 11% and loans available over 181 days to a year - from 13.75%-14% to 12%.

RSHB was fourth largest bank by assets at the end of the first half of 2010 according to the Interfax-100, compiled by the Interfax Center for Economic Analysis (CEA).