Sberbank decided on lending in foreign currency

Banks Finansy25-08-2009 Sberbank decided on lending in the currency of Russia's banking system delivers the timid signals exit from the crisis ailment. Thus, the largest bank in the country - Savings - no longer afraid to give out loans to citizens in foreign currency. The situation with credit in the general population is also starting to improve, the head of Sberbank German Gref. Analysts are more cautious in the estimates: the banks can not lend to active until the overdue loans continue to grow. It seems that the crisis in the banking system in Russia was almost defeated. At least, in a single bank - the Savings. Yesterday the head of Sberbank German Gref has reported about the company's work in front of Prime Minister Vladimir Putin. And, according to Gref, the situation with the Savings Bank lending has become much better. For example, the Savings Bank is no longer afraid to lend in foreign currency. Starting next week, Sberbank will resume issuing loans to natural persons in foreign currency. Gref said that granting loans in dollars and other currencies population was discontinued last fall. At the same time Sberbank has allowed citizens to convert their foreign currency denominated loans. Because of the devaluation of the ruble back loans in dollars and euros for the majority of citizens is problematic.