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News Overview credit market in the past week, from 6 to 12 October

main theme of the week to remain a global financial crisis and its impact on Russian market. Domestic banks continued to revise the terms of lending, especially - for long-term loans (such as mortgages). In particular, changed its approach to lending - both natural and legal persons - Sberbank and VTB. Changes in these programs and other Russian banks are aimed at reducing both the risks and to preserve profitability in the context of cost, availability of financial resources.

head of the largest party credit market - Sberbank - German Gref told RIA Novosti: "We lifted our business plan figures for the volume of lending, making - as a priority - security and guarantee of return given us credit. " According to the head, "the crisis is systemic and protracted" and the bank must be ready "to work in the new reality." Commenting on the statement, economist of Bank Trust Yevgeny Nadorshin expressed the view that such measures Sberbank is a testament to "the recognition of the magnitude of the financial problems of Russian companies and the economy as a whole".

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