Sberbank Corporate Loan Growth Slows to 0.8% in October

Sberbank's corporate loan growth decelerated to 0.8% in October from 1% in September, while retail loan growth slowed sharply to 0.6% from 1.9%, excluding securitization. The retail slowdown follows changes to the state family mortgage program, indicating cooling credit demand in Russia. This suggests a moderation in domestic credit expansion, potentially reflecting tighter monetary conditions or policy effects.

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