Sberbank plans to cut interest rates on loans, deposits within 6 wks

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Sberbank plans to cut interest rates on loans, deposits within 6 wks

MOSCOW. April 6 (Interfax) - Sberbank Russia plans to reduce interest rates on loans and deposits in the coming four-six weeks, bank CEO German Gref told journalists on Tuesday.

"In the very near future, in the course of a month-month and a half, we will lower the rates on loans and deposits," he said, adding that it is difficult for now to say how big the cut will be.

RTS$#&: SBER

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