1 Jul 2010 14:14

Sberbank increases retail loan portfolio by 22 bln rubles since start of the year

MOSCOW. July 1 (Interfax) - Sberbank has expanded its retail loan portfolio by 22 billion rubles since the start of 2010, the bank's director for retail lending, Natalia Karaseva, told journalists.

"As of June 29, we had an increase of 22 billion rubles since the start of the year," she said commenting on the retail loan portfolio.

Karaseva said that the retail loan portfolio came to 1.1695 trillion rubles as of January 1 and 1.179 trillion rubles as of June 1. Therefore, factoring in an increase of 22 billion rubles since the year's start, the portfolio came to 1.1915 trillion rubles on June 29, which is an increase of 1.88%.

She said that Sberbank had allocated 62 billion rubles in retail loans in May, April - 59.5 billion rubles and March - 51 billion rubles. "We have 41 billion rubles in allocations for the first three weeks of June. However, this is the not the final results," she stressed.

Karaseva said that Sberbank more than doubled total home loans in May. In May, the bank allocated 15,100 loans worth 17 billion rubles compared to 6,500 loans worth 8 billion rubles in May 2009. She added that the bank's mortgage portfolio at the end of May stood at 529 billion rubles in comparison with 514 billion rubles at the start of the year. "Total payment on a monthly basis comes to around 10 billion rubles," she said.

Karaseva also said that the share of problematic loans in the mortgage portfolio currently comes to just over 1%.