Celebrating Wild Caraway: Taste of Nova Scotia's Restaurant of the Year | SaltWireMOSCOW - Russia's biggest bank Sberbank expects a sharp cooling of the mortgage market following an expected 80% rise in mortgage lending this year, CEO German Gref said on Wednesday.
"Despite the fact that we will most likely see a serious cooling in the near future, 2023 can still be called a successful year for the Russian mortgage market," he said at a financial forum in Moscow. Sberbank said on Tuesday it expected record profits this year but anticipated a slight decrease in corporate lending and a significant slowdown in retail.
Vyacheslav Dusaleyev, head of retail business at Rosbank, gave corresponding forecasts of 7.3 trillion roubles this year and 5 trillion next year.