OREANDA-NEWS. Assets of Sberbank in February 2016 decreased by 0.3% mainly due to the contraction of the corporate loan portfolio.

The Bank lent about RUB440 bn to corporate clients in February. The loan portfolio ending balance decreased by RUB202 bn, or by 1.6% in February, due to repayments of clients` loans.  Total corporate loan portfolio reached RUB12.7 trln as of March 1, 2016.

The Bank lent about RUB115 bn to retail clients in February. Total retail loan portfolio increased by RUB14 bn, or 0.3%, in February to exceed RUB4.1 trln as of March 1, 2016. The share of mortgages in the retail portfolio continues to increase reaching 54.4% as of March 1, 2016 (was 53.8% as of January 1, 2016).

Overdue loans of total loans increased by 0.4p.p. to 3.7% in February mainly due to corporate clients. The level of overdue loans at Sberbank remains substantially lower than the level of the banking sector's average (7.0% as of February 1, 2016).

Retail deposits and accounts increased by RUB149 bn in February, or by 1.4% to reach RUB10.7 trln. The inflow came to ruble accounts.

Corporate funding increased by RUB98 bn in February, or by 1.4%, to exceed RUB7.0 trln.

Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1,748 bn as of March 1, 2016 under preliminary calculations. Total capital amounted to RUB2,726 bn on the same date, up by RUB44 bn primarily due to net profit and revaluation of securities.

Risk-weighted assets decreased by RUB94 bn due to the decrease of the corporate loan portfolio.