07.07.2016, 14:19
Assets of Sberbank in June Decreased by 1%
OREANDA-NEWS. Sberbank releases Financial Highlights for 6M 2016 (under RAS; non-consolidated)
Assets in June decreased by 1.0% mainly due to revaluation of the foreign currency denominated assets on the back of ruble appreciation.
The Bank lent about RUB730 bn to corporate clients in June. Corporate loan issues from the beginning of the year exceeded RUB4.0 trln. The amount of issues in June was comparable to the amount of redemptions during the month, however the loan portfolio ending balance decreased by RUB137 bn due to the ruble appreciation, or by 1.1% to reach RUB11.8 trln.
The Bank lent about RUB125 bn to retail clients in June. Retail loan issues from the beginning of the year exceeded RUB700 bn. Total retail loan portfolio increased by RUB13 bn in June to exceed RUB4.2 trln as of July 1, 2016. The share of mortgages in retail portfolio exceeds 55%.
Thanks to a number of undertaken measures the level of corporate overdue loans was reduced by RUB10.8 bn in June, and by RUB50 bn from the beginning of the year. Retail overdue loans also came down in June by RUB2.6 bn. Overdue loans of total loans remained at 3.2% in June, which is substantially lower than the level of the banking sector’s average (6.9% as of June 1, 2016).
Securities portfolio was down by RUB26 bn in June due to redemptions of corporate bonds as well as ruble appreciation. The portfolio ending balance was RUB2.36 trln as of July 1, 2016.
Retail deposits and accounts increased by RUB112 bn in June to RUB10.87 trln, while corporate deposits and accounts were down by RUB305 bn to RUB6.2 trln. Total deposits and accounts reached RUB17.1 trln and remain the main source of funding for the Bank.
The Bank reduced the volume of more expensive funds borrowed from the Central Bank by RUB61 bn in June. Their share (excluding the subordinated loan) in total liabilities was immaterial at 0.4% as of July 1, 2016. These are special refinancing instruments.
Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1,890 bn as of July 1, 2016 under preliminary calculations. Total capital amounted to RUB2,764 bn as of July 1, 2016, down by RUB15 bn on the back of dividend payment for 2015 and investments in share capital of financial subsidiaries.
Risk-weighted assets decreased by RUB110 bn in June under preliminary calculations mainly due to the decrease of corporate loan portfolio.
Assets in June decreased by 1.0% mainly due to revaluation of the foreign currency denominated assets on the back of ruble appreciation.
The Bank lent about RUB730 bn to corporate clients in June. Corporate loan issues from the beginning of the year exceeded RUB4.0 trln. The amount of issues in June was comparable to the amount of redemptions during the month, however the loan portfolio ending balance decreased by RUB137 bn due to the ruble appreciation, or by 1.1% to reach RUB11.8 trln.
The Bank lent about RUB125 bn to retail clients in June. Retail loan issues from the beginning of the year exceeded RUB700 bn. Total retail loan portfolio increased by RUB13 bn in June to exceed RUB4.2 trln as of July 1, 2016. The share of mortgages in retail portfolio exceeds 55%.
Thanks to a number of undertaken measures the level of corporate overdue loans was reduced by RUB10.8 bn in June, and by RUB50 bn from the beginning of the year. Retail overdue loans also came down in June by RUB2.6 bn. Overdue loans of total loans remained at 3.2% in June, which is substantially lower than the level of the banking sector’s average (6.9% as of June 1, 2016).
Securities portfolio was down by RUB26 bn in June due to redemptions of corporate bonds as well as ruble appreciation. The portfolio ending balance was RUB2.36 trln as of July 1, 2016.
Retail deposits and accounts increased by RUB112 bn in June to RUB10.87 trln, while corporate deposits and accounts were down by RUB305 bn to RUB6.2 trln. Total deposits and accounts reached RUB17.1 trln and remain the main source of funding for the Bank.
The Bank reduced the volume of more expensive funds borrowed from the Central Bank by RUB61 bn in June. Their share (excluding the subordinated loan) in total liabilities was immaterial at 0.4% as of July 1, 2016. These are special refinancing instruments.
Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1,890 bn as of July 1, 2016 under preliminary calculations. Total capital amounted to RUB2,764 bn as of July 1, 2016, down by RUB15 bn on the back of dividend payment for 2015 and investments in share capital of financial subsidiaries.
Risk-weighted assets decreased by RUB110 bn in June under preliminary calculations mainly due to the decrease of corporate loan portfolio.
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