According to Sberbank CEO German Gref, Sberbank of Russia has fully reinstated all types of credit available before crisis and started granting loans to individuals in foreign currency at pre-crisis interest rates. He also said that the bank's loan interest rates had recently fallen by two percentage points.

From January to November 2009, Sberbank's market capitalisation grew by more than 210%, while its loan portfolio grew at the average rate of 0.6% per month. Mr Gref said that in terms of legal entities, the loan portfolio increased a total of 9%, while in terms of individuals, it shrank 7% since the start of the year.

In addition, Mr Gref noted that in the last two months the situation as far as lending to individuals had seen "small but positive changes." Mr Gref also said that from January to November 2009, the bank's reserves against bad debt had risen 9.8% of the loan portfolio, which is more than twice the percentage of overdue debts in the portfolio.