OREANDA-NEWS. Total assets in September increased by 0.2% to RUB21.9 trln. The growth of assets was hindered by revaluation of the foreign currency denominated assets on the back of ruble appreciation.

The Bank lent over RUB870 bn to corporate clients in September.  Corporate loan issues from the beginning of the year were about RUB6.25 trln, which was 1.5X more than for 9M 2015. The loan portfolio ending balance decreased by 0.9% during the month. The decrease was largely influenced by revaluation of earlier issued foreign currency denominated loans.

The Bank lent RUB140 bn to retail clients in September, including about 35 ths mortgage loans for a total amount of over RUB60 bn. Retail loan issues from the beginning of the year were RUB1.1 trln, which was almost a third greater than for 9M 2015. Total retail loan portfolio increased by RUB17 bn in September to reach RUB4.28 trln as of October 1, 2016.

The bank undertook a number of measures that led to a decrease of corporate overdue loans by RUB98.5 bn in September. Retail overdue loans also came down by RUB6.7 bn. Overall the share of overdue loans of total loans was down to 2.8% from 3.5%, which is substantially lower than the banking sector’s average (7.1% as of September 1, 2016).

Securities portfolio was down by RUB70 bn in September due to redemptions of European Commercial Papers as well revaluation of FX denominated part of the portfolio. The portfolio ending balance was RUB2.3 trln as of October 1, 2016.

Retail deposits and accounts in nominal terms remained nearly unchanged in September, whereas in real terms demonstrated an inflow of funds both in Rubles, U.S. dollars and Euros. Retail deposits and accounts ending balance was RUB11.0 trln as of October 1, 2016.

Corporate deposits and accounts were down by RUB171 bn due to both funds outflow as well as FX revaluation. Corporate deposits and accounts ending balance decreased by 2.9% to RUB5.8 trln as of October 1, 2016.

The share of state funding (excluding the subordinated loan) in total liabilities remained immaterial at 0.4%.

Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB2,044 bn as of October 1, 2016 under preliminary calculations. Total capital amounted to RUB2,928 bn as of October 1, 2016, up by RUB53 bn due to earned net profit.

Risk-weighted assets decreased by RUB404 bn in September mainly due to the decrease of foreign currency risk, which is part of capital calculation.