OREANDA-NEWS. Sberbank releases Financial Highlights for 7M 2016 (under RAS; non-consolidated).

Assets in July increased by 0.4% mainly due to revaluation of the foreign currency denominated assets on the back of ruble depreciation.

The Bank lent about RUB700 bn to corporate clients in July. Corporate loan issues from the beginning of the year exceeded RUB4.7 trln, up by 61% compared to 7M 2015. The loan portfolio ending balance increased by RUB249 bn, or by 2.1% to exceed RUB12.0 trln as of August 1, 2016. The growth was driven by new issues as well as by revaluation of earlier issued foreign currency denominated loans.

The Bank lent about RUB120 bn to retail clients in July. Retail loan issues from the beginning of the year exceeded RUB830 bn, up by 31% compared to 7M 2015. Total retail loan portfolio increased by RUB15.2 bn in July and stood at RUB4.2 trln as of August 1, 2016. The share of mortgages in retail portfolio continues to grow and reached 56% as of August 1, 2016.

Overdue loans of total loans remained at 3.2% in July, which is substantially lower than the level of the banking sector’s average (6.9% as of July 1, 2016).

Securities portfolio was up by RUB94 bn in July mainly due to increase in OFZ bonds portfolio as well as foreign currency and rate revaluation of the portfolio. The portfolio ending balance was RUB2.45 trln as of August 1, 2016.

Retail deposits and accounts increased by RUB157 bn in July to exceed RUB11.0 trln, while corporate deposits and accounts were down by RUB114 bn to RUB6.1 trln. Total deposits and accounts increased marginally (by 0.3%) to RUB17.1 trln as of August 1, 2016.

The share of funds borrowed from the Central Bank (excluding the subordinated loan) in total liabilities remained immaterial at 0.4% as of August 1, 2016.

Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1,894 bn as of August 1, 2016. Total capital amounted to RUB2,812 bn as of August 1, 2016, up by RUB36 bn due to the net profit earned.

Risk-weighted assets increased by RUB262 bn in July mainly due to the growth of corporate loan portfolio.

Capital adequacy ratios as of August 1, 2016 were:

  • N1.1 – 8.0% (minimum adequacy level, required by the Central Bank of Russia at 4.5%)
  • N1.2 – 8.0% (minimum adequacy level, required by the Central Bank of Russia at 6.0%)
  • N1.0 – 11.8% (minimum adequacy level, required by the Central Bank of Russia at 8.0%).