Due to the fact that the Central Bank urgently increased the key rate to 20%, banks raised rates on consumer loans. Sberbank now has a rate of 21.9-29.9% (previously 12.9-21.7%), VTB – 15.9-29.9% (previously 5.9-13.8%). Earlier, the regulator, in order to support banks in the face of sanctions, reported that it had suspended restrictions on the full cost of consumer credit until June 30.
In addition, VTB raised rates on mortgage programs. Now the minimum rate for the purchase of residential premises is 15.3%. The increase was announced before the meeting of the Bank of Russia. Sberbank increased the cost of loans for new buildings and secondary housing up to 18.6%. Deposits also grew, the maximum yield on them is 18%.
Earlier, the European system of interbank messages SWIFT announced preparations for the shutdown of several Russian banks. VTB, Sovcombank, Novikombank, Promsvyazbank and Otkritie cards do not work abroad. But in Russia they work without restrictions, the money of clients on accounts linked to cards is fully saved and available.