Sberbank CEO Gref said he saw no signs of a bubble in consumer lending 
Sberbank CEO German Gref assessed the risk of a bubble in consumer lending. His words are reported by RIA Novosti.
According to Gref, Sberbank sees no signs of a bubble in its portfolio of consumer loans, the quality of which is at a consistently high level.
“Sberbank's credit policy is aimed at responsible lending. Each loan is issued on the basis of the client's financial ability to fulfill all his obligations in a timely manner and in full without compromising the quality of life, “he explained.
Gref also stressed that at the moment there is a deferred demand effect: people did not buy something in 2020 and are trying to buy it in 2021.
At the same time, the Bank of Russia is concerned about the growth of consumer lending in the country and is taking measures to cool it down. Nevertheless, Gref said that the Central Bank already possesses effective tools to counter risks in the lending sector, which will allow for effective regulation in case of preconditions for the formation of a bubble in the retail lending market.
Earlier, Gref listed the most important modern technologies. These, in his opinion, include artificial intelligence, quantum computing, the sixth generation of 6G mobile communications and unmanned vehicles.