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Govt Pushing for Cheaper Bank Rates
25.05.2013 23:17
Govt Pushing for Cheaper Bank Rates
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The Kremlin wants to meet with the country's banking community to discuss a possibility for lower interest rates on loans.

      Earlier, the goverment has repeatedly urged banks to cut interest rates, espeially on mortgages, but even the state-run Sberbank has shrugged off the plea.

      In response to public outcry over draconian rates, the government wants to persuade banks that inherent country risks for Russia are exaggerated. 

Author: Mikhail Vesely

Tags: Sberbank Russian banks    

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