Rates dispersed from reality

The largest banks started offering clients credits cash formally under 3–4% per annum. However real rates on the same credits can exceed 30%. In the conditions of the competition for solvent borrowers, experts note and recognize in Central bank Russian Federation (Bank Russia), banks can resort to not to the most conscientious marketing practicians, misleading clients. Photo: Manzyuk Alexander, newspaper "Kommersant" Since June 1 of the second in Russian Federation Public joint-stock company "Bank VTB" declared start of credits cash under a rate from 3,9% per annum. Similar or even below a rate already offer Public joint-stock company "Sberbank Russia" (4%), GPB (4%), JOINT-STOCK COMPANY "ALFA-BANK" (4%) and others. Bankers not too...