OREANDA-NEWS. Assets increased by 1.7% in September to reach RUB22.0 trln driven by funds placements with other banks and interbank loans as part of liquidity management.

The Bank lent about RUB0.8 trln to corporate clients in September. Loan issues from the beginning of the year were about RUB4.3 trln. Total corporate loan portfolio in September remained unchanged at RUB11.8 trln.   

The Bank lent over RUB100 bn to retail clients in September, from the beginning of the year was about RUB850 bln. Total retail loan portfolio increased by RUB9 bln, or 0.2%, in September stood at  RUB4.1 trln. The share of mortgages in total retail portfolio continues to increase to reach 52.1% as of October 1, 2015 from 47.8% as of January 1, 2015.

Overdue loans decreased by 0.1p.p. to 2.9% of total loans in September. The level of overdue loans at Sberbank is two times lower than the level of the banking sector's average.

Securities portfolio was up by RUB46 bn in September, or by 2.7%, due to purchases of Eurobonds and OFZ bonds. The portfolio ending balance was RUB1.8 trln as of October 1, 2015.  

Retail deposits and accounts increased by RUB112 bn in September, or up by 1.2%. Overall retail deposits and accounts portfolio reached RUB9.8 trln as of October 1, 2015. Since the beginning of the year retail funds increased by RUB1.25 trln, or by 14.7%, whereas the portfolio was up by 0.2% during the same period last year.

Corporate funding increased by RUB283 bn in September, or by 4.9%, due to term deposits. Overall corporate clients' funding increased by 19.1% during 9M 2015 to reach RUB6.0 trln.

Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1,794 bn as of October 1, 2015 under preliminary calculations. Tier 1 capital increased by RUB86 bn in September primarily due to 1H2015 audited net profit. Total capital amounted to RUB2,586 bn on the same date, up by RUB50 bn in September primarily due to September net profit and revaluation of securities.