Russia's Sberbank raises retail lending rates

MOSCOW, Oct 1 (Reuters) - Russia's largest lender, state-controlled Sberbank (SBER03.MM), is raising interest rates on loans to retail clients as its own borrowing costs have soared amid the credit crisis, it said on Wednesday.

"In connection with the significant growth in the cost of financial resources on the market, Sberbank is raising interest rates as of Oct. 1," it said in a statement.

Depending on the type of loan, the rates will increase by 0.25-2.25 percentage points, the statement said. (Reporting by Simon Shuster)