6 Dec 2013 06:09
Sberbank / Miscellaneous 06.12.2013 07:09 Dissemination of a UK Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Please note that the numbers are calculated in accordance with Sberbank'sinternal methodology. December 6, 2013 Income Statement Highlights for 11M 2013 (as compared to 11M 2012): - Net interest income grew by 16.2% y-o-y - Net fee and commission income grew by 20.0% y-o-y - Operating income before total provisions increased by 15.6% y-o-y - Total provision charge was RUB113.5 bn vs. a RUB41.6 bn charge in 11M 2012 - Operating expenses were up by 11.5% y-o-y - C/I ratio improved from 40.3% to 38.9% - Profit before tax amounted to RUB430.7 bn vs. RUB418.4 bn for 11M 2012 - Net profit amounted to RUB350.5 bn vs. RUB332.3 bn for 11M 2012 Net interest income came at RUB652.3 bn, up 16.2% compared to 11M 2012: - Interest income increased by RUB214.3 bn primarily driven by loan portfolio growth (both retail and corporate). Share of interest income from retail loans in total interest income keeps growing steadily (~ up 4pp per year) - as of December 1, 2013 this share reached 35%. - Interest expenses grew by RUB123.1 bn, of which RUB74.5 bn (or 60%) were attributed to retail deposit expenses. Net fee and commission income amounted to RUB198.7 bn, up by 14.5% y-o-y.Noncredit commissions income growth outpaced the growth rate of netinterest income, increasing 20.0% vs. 16.2% respectively. Noncreditcommissions reached RUB186.1 bn, of which RUB83.9 bn were contributed bytransactions with bank cards and acquiring. Operating income before provisions increased by 15.6% y-o-y and amountedRUB890.2 bn. Operating expenses for 11M 2013 increased by 11.5% in comparison toexpenses for 11M 2012. The slowdown in OpEx growth was related toinitiation of cost optimization program. C/I ratio improved from 40.3% for11M 2012 to 38.9% for 11M 2013. Total provision charges amounted to RUB113.5 bn for 11M 2013 vs. RUB41.6 bncharge a year earlier. Total provision charges in November were RUB13.9 bn. Profit before tax amounted to RUB430.7 bn vs. RUB418.4 bn for 11M 2012. Net profit reached RUB350.5 bn for 11M 2013, up 5.5% y-o-y. Assets increased by RUB412 bn in November, or 2.7%, mainly due to growth ofloan portfolio and amounts placed in securities. The Bank lent about RUB600 bn to corporate clients in November, which was12% higher than the monthly average for the current year. About RUB5.9 trlnwere lent to corporate clients for 11M 2013, which exceeded 11M 2012 amountby more than RUB800 bn. Corporate loan portfolio increased by RUB259 bn, or3.2%, in November, showing maximum growth for 11M 2013. Revaluation offoreign currency loans due to rising dollar against ruble in November had apositive impact on the loan portfolio growth. The portfolio growth sincethe beginning of 2013 amounted to +10.7%. About RUB170 bn were lent to retail clients in November. Retail loanportfolio grew by RUB80.7 bn, or 2.6%, in November, which is significantlyhigher than the average 11M 2013 amount. The portfolio growth since thebeginning of 2013 amounted to +27.9%. Quality of the loan portfolio remained stable: overdue loans remained 2.5%in November. Coverage ratio remained strong, with loan-loss provisions atRUB629 bn, or 2.19 times the overdue loans as of December 1, 2013. Securities portfolio increased by RUB80 bn, or 4.5%, in November mainly dueto investment in OFZ federal bonds. The clients' funds remain the core source of funding the Bank's operations: Retail deposits and accounts amounted to RUB7,398 bn as of December 1,increasing by 2.0% in November. Growth in deposits for 11M 2013 (+11.0%)outpaced the increase in deposits portfolio for the same period last year. Corporate deposits and accounts amounted to RUB3,078 bn as of December 1,increasing by 3.8% in November; YtD +10.6%. Regulatory capital (under CBR regulation No. 215-P) came to RUB1,966 bn asof December 1, 2013, as per preliminary calculations. Capital increased byRUB30 bn mainly due to net profit while revaluation of investments in theBank subsidiaries narrowed the increase in capital. Capital adequacy ratio of the Bank (under RAS) amounted to 12.9% as ofDecember 1, 2013. 06.12.2013 EquityStory.RS, LLC's Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: Sberbank 19 Vavilova St. 117997 Moscow RussiaPhone: +7-495-957-57-21Fax: E-mail: media@sberbank.ruInternet: www.sberbank.ruISIN: US80585Y3080, RU0009029540, RU0009029557Listed: Frankfurt in Open Market (Entry Standard) ; MICEX, RTSCategory Code: MSCLSE Ticker: SBERSequence Number: 1799Time of Receipt: Dec 06, 2013 07:09:02 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.