OREANDA-NEWS. August 08, 2014. Alexander Torbakhov, Deputy Chairman of the Board of Sberbank, hosted a press conference at which he summed up the results of Sberbank’s retail unit in the first half of 2014.

Sberbank’s share of the market for attracting funds of individuals reached 46.3%, whilst on the consumer lending market it reached 34.7%. Over the past year Sberbank’s share of the credit card market has grown significantly (+5.3 percentage points to 28.6%) as well as bank card non-cash turnover (+6.5 percentage points to 40.2%).

The total size of the bank’s retail loan portfolio was almost 3.7 tln roubles at the end of the first half of the year. Growth over the past year was 61%. The mortgage lending portfolio was 1,628 bln roubles (growth of +45% for the year). In the first six months of the year the bank provided over 402 bln roubles’ worth of mortgage loans, which is 70% higher than the indicators released last year. The consumer lending portfolio grew by 18% over the year and reached 1,610 bln roubles as of July 1, 2014.

The liabilities of the bank’s premium network Sberbank First equalled 872.7 bln roubles (11% of Sberbank’s liabilities). In the first six months of 2014, Sberbank First clients invested 6.6 bln roubles in mutual funds and asset management products (this figure does not include closed-end mutual fund “Residential Real Estate-2”, in which clients invested over 1.6 bln roubles in a single month); this is 23% higher than the indicators for the second half of 2013. In the same period, clients of Sberbank First invested 3.5 bln roubles in insurance products, a 67% increase compared to the indicators for the second half of 2013.

The number of clients who have subscribed to Sberbank’s SMS service Mobile Bank has reached 57 mln, and the service has over 17 mln active users. Sberbank Online, which was recently recognised as the best retail internet bank in Russia by Global Finance magazine, has over 13 mln active users.

“Despite the complex situation on the market, in the first half of 2014 Sberbank’s retail business developed at a very healthy rate,” commented Alexander Torbakhov. “The bank intends to maintain these growth dynamics going forward.”