OREANDA-NEWS. Sberbank has improved its overdraft lending conditions for legal entities and individual entrepreneurs. Changes have been made to the lending period, limit size and overdraft repayment conditions.

The overdraft lending period for borrowers who do not have a credit history with Sberbank has been increased from 180 days to one year. The size of the overdraft limit has also been increased: the share of the credit turnover used to calculate the limit has been increased from 50% to 70%, and the share of income from one counterparty - from 40% to 60%. In addition, Sberbank has broadened the range of clients who can repay their overdrafts after 90 days.

"Sberbank continuously monitors the market for changes and refines its products. We aim to fine-tune them so that they meet the needs of our clients," commented Anatoly Popov, Senior Vice President of Sberbank.