13.04.2016, 11:42
Assets of Sberbank in March 2016 Decreased by 2.2%
OREANDA-NEWS. Assets of Sberbank in March 2016 decreased by 2.2%. The negative revaluation of the FX component due to ruble strengthening had the main impact on the Balance Sheet items.
The Bank lent about RUB900 bn to corporate clients in March. Corporate loan issues from the beginning of the year reached about RUB2.2 trln. The loan portfolio ending balance decreased by RUB517 bn, or by 4.1% in March, due to the revaluation of the FX loans. Total corporate loan portfolio stood at RUB12.1 trln as of April 1, 2016.
The Bank lent about RUB130 bn to retail clients in March. Retail loan issues from the beginning of the year reached about RUB330 bn. Total retail loan portfolio increased by RUB17 bn, or 0.4%, in March to reach RUB4.16 trln as of April 1, 2016. The share of mortgages in the retail portfolio continues to increase reaching 54.8% as of April 1, 2016 (was 53.8% as of January 1, 2016).
Overdue loans of total loans decreased by 0.4p.p. to 3.3% in March mainly due to corporate clients. Corporate overdue loans decreased by RUB 3.7 bn since the beginning of the year. The level of overdue loans at Sberbank remains substantially lower than the level of the banking sector's average (6.8% as of March 1, 2016).
Securities portfolio was up by RUB11 bn in March, or by 0.5% due to purchases of the OFZ and corporate bonds. The portfolio ending balance was RUB2.36 trln as of April 1, 2016.
Retail deposits and accounts decreased by RUB182 bn in nominal terms in March, or by 1.7% to RUB10.5 trln. Corporate deposits and accounts decreased by RUB264 bn or by 3.8% for the same period and stood at RUB6.7 trln. The dynamic was caused by the negative revaluation of the FX deposits. Excluding the revaluation effect, corporate and retail deposits increased by almost RUB190 bn due to the inflow of ruble accounts.
Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1,889 bn as of April 1, 2016 under preliminary calculations. Total capital amounted to RUB2,758 bn on the same date, up by RUB33 bn in March primarily due to net profit earned. Risk-weighted assets decreased by RUB589 bn due to the decrease in the corporate loan portfolio.
The Bank lent about RUB900 bn to corporate clients in March. Corporate loan issues from the beginning of the year reached about RUB2.2 trln. The loan portfolio ending balance decreased by RUB517 bn, or by 4.1% in March, due to the revaluation of the FX loans. Total corporate loan portfolio stood at RUB12.1 trln as of April 1, 2016.
The Bank lent about RUB130 bn to retail clients in March. Retail loan issues from the beginning of the year reached about RUB330 bn. Total retail loan portfolio increased by RUB17 bn, or 0.4%, in March to reach RUB4.16 trln as of April 1, 2016. The share of mortgages in the retail portfolio continues to increase reaching 54.8% as of April 1, 2016 (was 53.8% as of January 1, 2016).
Overdue loans of total loans decreased by 0.4p.p. to 3.3% in March mainly due to corporate clients. Corporate overdue loans decreased by RUB 3.7 bn since the beginning of the year. The level of overdue loans at Sberbank remains substantially lower than the level of the banking sector's average (6.8% as of March 1, 2016).
Securities portfolio was up by RUB11 bn in March, or by 0.5% due to purchases of the OFZ and corporate bonds. The portfolio ending balance was RUB2.36 trln as of April 1, 2016.
Retail deposits and accounts decreased by RUB182 bn in nominal terms in March, or by 1.7% to RUB10.5 trln. Corporate deposits and accounts decreased by RUB264 bn or by 3.8% for the same period and stood at RUB6.7 trln. The dynamic was caused by the negative revaluation of the FX deposits. Excluding the revaluation effect, corporate and retail deposits increased by almost RUB190 bn due to the inflow of ruble accounts.
Core Tier 1 and Tier 1 capital (equal since Sberbank does not have instruments of additional capital) reached RUB1,889 bn as of April 1, 2016 under preliminary calculations. Total capital amounted to RUB2,758 bn on the same date, up by RUB33 bn in March primarily due to net profit earned. Risk-weighted assets decreased by RUB589 bn due to the decrease in the corporate loan portfolio.
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