Sberbank expects mortgage growth in 2022 by 12-14 percent

Sberbank expects mortgage growth by 12-14% next year, while not seeing significant risks for the real estate market, top managers of the credit institution said. "Retail lending growth will slow down compared to 2021, but nevertheless we expect double-digit growth - 10-12% in general for retail. Of course, mortgages will remain a key driver there with a growth of 12-14%," said a member of the board. senior vice-president of the bank Alexandra Buriko, speaking at the Investor's Day. First Deputy Chairman of the Board of Sberbank Alexander Vedyakhin noted that Sberbank does not see significant risks for the real estate market. “Those markets that are actively growing, there are a lot of people and there is a lot of demand. Regional markets, where there are certain difficulties, there is less demand and our exposure to them is less.