19.01.2016, 22:04
PAO Sberbank Assets Increased by 5.6% over Year
OREANDA-NEWS. PAO Sberbank assets increased by RUB1.3 trln in December to exceed RUB23 trln. A significant portion of the December growth was attributed to the revaluation of the Balance Sheet items. Assets increased by 5.6% over the year.
The Bank lent more than RUB1.2 trln to corporate clients in December, or RUB6.8 trln during the year. The loan portfolio ending balance increased by RUB417 bln, or by 3.5%, in December, mostly driven by the revaluation. Total corporate loan portfolio reached RUB12.3 trln as of January 1, 2016.
The Bank lent about RUB160 bn to retail clients in December, from the beginning of the year was over RUB1.2 trln. Total retail loan portfolio increased by RUB16 bn, or 0.4%, in December to exceed RUB4.1 trln as of January 1, 2016. The share of mortgages in total retail portfolio increased to 54% from 48% over the year.
Overdue loans of total loans decreased by 0.1p.p. to 3.3% in December. The level of overdue loans at Sberbank remains substantially lower than the level of the banking sector's average (6.6% as of December 1, 2015).
Securities portfolio was up by RUB265 bn in December, or by 13.1%, primarily due to purchases of corporate Eurobonds and FX revaluation.
The portfolio ending balance reached RUB2.3 trln as of January 1, 2016.
Retail deposits and accounts increased by RUB908 bn in December, or up by 9.1% (excluding the effect from FX revaluation the portfolio increased by 6.7%). Overall retail deposits and accounts portfolio reached almost RUB10.9 trln as of January 1, 2016. Since the beginning of the year retail funds increased by 27.5%, whereas the portfolio was up by 5.9% during the last year.
Corporate funding increased by RUB449 bn in December, or by 7.1%, due to inflow of ruble funds from deposits as well as FX revaluation. Overall corporate clients' funding increased by 32.9% to reach RUB6.7 trln by the end of the year.
A record inflow of ruble funding from clients in December allowed to minimize the volume of funds borrowed from the Central Bank. Their share (excluding the subordinated loan) in total liabilities fell to 1.3% in December from 2.7% (as of 1/1/2015 the share was 15.2%). Altogether the Bank redeemed RUB3.0 trln of the Central Bank and Federal Treasury funding during the year.
Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1.753 trln as of January 1, 2016 under preliminary calculations. Total capital amounted to RUB2.679 trln on the same date, up by RUB39 bn in December primarily due to net profit.
The Bank lent more than RUB1.2 trln to corporate clients in December, or RUB6.8 trln during the year. The loan portfolio ending balance increased by RUB417 bln, or by 3.5%, in December, mostly driven by the revaluation. Total corporate loan portfolio reached RUB12.3 trln as of January 1, 2016.
The Bank lent about RUB160 bn to retail clients in December, from the beginning of the year was over RUB1.2 trln. Total retail loan portfolio increased by RUB16 bn, or 0.4%, in December to exceed RUB4.1 trln as of January 1, 2016. The share of mortgages in total retail portfolio increased to 54% from 48% over the year.
Overdue loans of total loans decreased by 0.1p.p. to 3.3% in December. The level of overdue loans at Sberbank remains substantially lower than the level of the banking sector's average (6.6% as of December 1, 2015).
Securities portfolio was up by RUB265 bn in December, or by 13.1%, primarily due to purchases of corporate Eurobonds and FX revaluation.
The portfolio ending balance reached RUB2.3 trln as of January 1, 2016.
Retail deposits and accounts increased by RUB908 bn in December, or up by 9.1% (excluding the effect from FX revaluation the portfolio increased by 6.7%). Overall retail deposits and accounts portfolio reached almost RUB10.9 trln as of January 1, 2016. Since the beginning of the year retail funds increased by 27.5%, whereas the portfolio was up by 5.9% during the last year.
Corporate funding increased by RUB449 bn in December, or by 7.1%, due to inflow of ruble funds from deposits as well as FX revaluation. Overall corporate clients' funding increased by 32.9% to reach RUB6.7 trln by the end of the year.
A record inflow of ruble funding from clients in December allowed to minimize the volume of funds borrowed from the Central Bank. Their share (excluding the subordinated loan) in total liabilities fell to 1.3% in December from 2.7% (as of 1/1/2015 the share was 15.2%). Altogether the Bank redeemed RUB3.0 trln of the Central Bank and Federal Treasury funding during the year.
Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1.753 trln as of January 1, 2016 under preliminary calculations. Total capital amounted to RUB2.679 trln on the same date, up by RUB39 bn in December primarily due to net profit.
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