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Sberbank expands its defense loan portfolio to $14.6bn
05.04.2013. | Russia’s biggest lender, Sberbank, announced Thursday it will increase its loan portfolio for defense industry investments to 464 billion roubles ($14.6 billion), which are expected to boost the sector by a projected 38%.
Though the military equipment sector often yields low returns, Sberbank reports it controls 36.4% market share. Thursday’s announcement reaffirmed it......
