Putin and Gref are advised not to defer mortgage – News Economy

Print The head of Sberbank German Gref believes that now is the time to take out a mortgage: more favorable conditions will be gone. This opinion was expressed banker Russian President Vladimir Putin during an official meeting in the Kremlin. The Head of State urged the bankers to inform the customer – do not expect the best lending rate Vladimir Putin on Thursday held a meeting with the President, Chairman of the Board of Sberbank of Russia German Gref.. They discussed the results of the bank for the past year, the situation in the mortgage market, the measures of financial support of small business.

Gref told Russian President cut rates in June, loans and how this is reflected in the market.

Sberbank expects that State in 2017 does not need to subsidize the mortgages, the head of Russia’s largest bank, German Gref at a meeting with the president.

“We see that around the beginning of June has gone revival of demand in the mortgage market . If until June mainly mortgages was maintained at the expense of state subsidies (subsidized mortgages), now began to rise and demand in the secondary market and the primary market. and we hope that this rate cut before the end of the year will lead to the fact that, in basically, in the next year is already part of the state subsidies do not need, “- said Gref

.” If the situation will develop in such a way as it is now, I think it really will be possible to see the level of mortgage lending in the region below 11% next year, – Gref said. – This means that, in general, state subsidies have played a role, and it will be possible to move in the absolutely normal commercial plane “

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Even more significant recovery in the mortgage market will be in the fall and winter, and Putin and Gref urged not to miss the moment, if someone was planning to purchase a house.

“We expect that in the IV quarter of this year will be a real revival of the mortgage market. Now we see a recovery in the consumer credit market, “- said Gref

Putin advised Gref pay attention to the bank’s clients that now is a good time for a mortgage:.” It should be noted immediately that your customers do not think that now it is better to wait and not to take mortgage loans (12% rate). And it is better not to wait for 11%, because after all inflation processes develop, and so on, so who is willing and ready, it’s better to do it now “

Gref agreed with the Head of State:.” You are absolutely right, because always in any economic process two parts: the mortgage will be cheaper, but housing will soon rise in price. So now, I think, one of the most convenient moment when the mortgage is already cheap and housing is still very cheap “.

” I think, of course, that the processes of falling mortgage rates and rising house prices will be approximately synchronized, so hard to find the right moment. Perhaps now one of the right things, “- said Gref

Gref record profits

Gref also told Putin about the record profit:. “for six months we have earned in the first six months of this year, 229 billion net profit … in comparison with the previous year – plus 180%” The head of Sberbank said that was a low base of comparison last year: “last year was difficult to take in the comparison because last year was very heavy “profit growth is linked.” the fact that last year we decided to all of its main problems and formed the bulk of the reserves in Ukraine of course, it was a very difficult situation for us “,”. “- Gref said.

“Now in Ukraine we have a situation more or less stabilized. We have formed the basic provisions, and, I think, what’s left nedorezervirovannym, we have to return on the basis of assessing the quality of Ukrainian assets, – Gref said. –

Of the indicators that we have in the “red zone” – this corporate loans. So far, unfortunately, has not been restored lending is not restored demand for corporate lending market “

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When it comes to the help of a small business, that “there are two components of the”

“the first -. it is fast and efficient lending. Second – this is all that is connected with the help of small businesses in solving all other problems: maintaining friendly accounting, bank account, and so on, “- said Gref

.” There is a big breakthrough, and September this year begins to operate the new law, which allows you to open accounts, make transfers, register changes in the statute, and so on “, in electronic form – recalled the head of Sberbank

in fact, small businesses generally do not need to go to any public authority. “This is a program that we are doing together with the tax authorities, and, in general, there is a big breakthrough”

“I think that will be with us by the end of 2016, mean in Russia. after all the changes in legislation, it will be one of the most interesting and technological regimes for small business “, – Putin, Gref assured

However, the business is not in a hurry to take expensive loans and hard returns made

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“With regard to credit, unfortunately, there is, honestly, I can not boast that we have not learned well to lend to small businesses, because we have very high losses on the portfolio, – Gref reported to Putin. – Today we have a full portfolio of small business, unfortunately, is unprofitable, and it is our, probably the biggest challenge, the biggest headache “

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