Sberbank improved its forecast for the average oil price in 2016 from $35 to $40 per barrel, inflation - from 8.5% to 6.8%, according to the bank’s presentation on the financial results of the Q1 2016 under IFRS, Tass reports.
Sberbank also significantly improved its forecast for the average annual ruble exchange rate - from 77.4 to 68 rubles per dollar.
The bank also improved its forecast for GDP growth - from the decline of 2.2% to 0.7% in the current year.
Sberbank expects the lending growth of Russian banks at 0-5% in 2016, according to the presentation.
