VTB made a revision in interest rates on loans and deposits

VTB may soon revise rates on credit and Deposit products. About TASS reported the press service of the credit institution.

“We are considering adjusting rates and will soon take a decision”, — said the Agency interlocutor.

Previously, the decision to lower interest rates on foreign currency deposits in USD and Euro announced by Sberbank. For basic products mortgage lending rates will be reduced by 0.5 PP.

On 7 July, the first savings Bank since April have cut interest rates on ruble deposits of the population. A decline from 0.35 to 1.15 p. p. p. p. depending on the time and type of deposits. Prior to this the Bank reported a rise in net profit for the first half of 2.8 times compared to the same period of 2015. As he wrote RBC, the analysts expect the decline in Deposit rates will also enable the Bank to increase in the future profit.