Russia's largest lender Sberbank to raise mortgage rates, agencies report

Aug 6 (Reuters) - Russia's largest lender Sberbank (SBER.MM), opens new tab will raise its market mortgage rates to a minimum of 20% from Tuesday, Russian agencies reported. The move follows the Russian central bank decision last month to raise its key rate by 200 basis points to 18%, RIA state news agency reported citing Sberbank's press release.
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