More than ten thousand new customers with a total loan volume of over EUR 150 million

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Mag. Linda Michalech
Corporate Communications Manager

Sberbank Europe AG
Tel.: +43 1 22732 1300
Mobile: +43 664 8891 3662
linda.michalech@sberbank.at

Sberbank Direct doubles lending volume

For the past 18 months, Sberbank Direct has offered a fully digital instalment loan in Germany at particularly favourable terms: the Sberbank Direct Instant Loan.

All steps to obtain a loan can be taken online. From application, through identification and signing of the contract, to uploading the required documents. The loan decision is made within seconds, and the money is available quickly and easily within 24 hours of checking the necessary documents.

"Our digital loan has been well received by the market. Since the beginning of the year, the loan volume has more than doubled, reaching over EUR 150 million," said Sonja Sarközi, CEO of Sberbank Europe. The banking group is based in Austria and has been operating its German branch Sberbank Direct from Vienna since 2014.

Most customers claim to use their instant loan to purchase consumer goods, a new or used car, or to refinance an existing loan or cover their overdraft. Every second new customer came from North Rhine-Westphalia, Bavaria or Baden-Württemberg.

“We want to make banking for our customers as convenient as possible by offering them transparent, easy-to-understand products with attractive conditions as well as extraordinary service and digital end-to-end processes”, says Sonja Sarközi, explaining the business model of Sberbank Direct.

About Sberbank Direct

In 2014 Sberbank Europe entered the Retail banking market in Germany. Sberbank Direct, the German branch of Sberbank Europe, was able to establish itself as a successful direct bank with its attractive savings products in a competitive and dynamic market, counting today more than 50,000 customers. As a direct bank, Sberbank Direct focuses on online sales channels. In addition to savings accounts and fixed-term deposit products with attractive interest rates, the bank has offered instalment loans since February 2018. Sberbank Direct meets the highest requirements in terms of data security and data protection and is a pioneer in video identification, enabling customers to prove their identity quickly, securely and conveniently during the application process. You can learn more about the current offer from Sberbank Direct at: www.sberbankdirect.de

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