OREANDA-NEWS. Assets of Sberbank in January 2016 remained unchanged and exceed RUB23 trln. Growth of corporate loan portfolio was accompanied by the decrease of loans to banks, accounts in settlement, as well as cash reserves that were kept in excess during the holidays. The revaluation of the FX component due to ruble weakening also made a contribution to the Balance Sheet items.

The Bank lent about RUB850 bn to corporate clients in January. The loan portfolio ending balance increased by RUB604 bln, or by 4.9%, in January.  Total corporate loan portfolio reached RUB12.9 trln as of February 1, 2016.

The Bank lent about RUB80 bn to retail clients in January. Total retail loan portfolio decreased by RUB5 bn, or 0.1%, in January to RUB4.1 trln as of February 1, 2016.

Overdue loans of total loans remained at 3.3% in January. The level of overdue loans at Sberbank remains substantially lower than the level of the banking sector's average (6.5% as of January 1, 2016).

Securities portfolio was up by RUB56 bn in January, or by 2.4%. The portfolio ending balance was RUB2.3 trln as of February 1, 2016.

Retail deposits and accounts decreased by RUB317 bn in January, or by 2.9% to reach RUB10.5 trln. The entire outflow of funds was from the banking cards accounts during the holiday period, which is typical for the beginning of the year.

Corporate funding increased by RUB171 bn in January, or by 2.5%, to exceed RUB6.9 trln.

Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1.749 trln as of February 1, 2016 under preliminary calculations. Total capital amounted to RUB2.693 trln on the same date, primarily due to net profit.