DGAP-UK-Regulatory: Sberbank: Sberbank releases Financial Highlights for 9 Months 2013 (under RAS; non-consolidated)

DGAP-UK-Regulatory: Sberbank: Sberbank releases Financial Highlights for 9 
Months 2013 (under RAS; non-consolidated)

Sberbank  / Miscellaneous

07.10.2013 08:25

Dissemination of a UK Regulatory Announcement, transmitted by
EquityStory.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's
internal methodology.

October 7, 2013

Income Statement Highlights for January-September 2013 (as compared to
January-September 2012):

Net interest income grew by 15.2% y-o-y
Net fee and commission income grew by 12.2% y-o-y
Operating income before total provisions increased by 14.1% y-o-y
Total provision charge was RUB83.5 bn vs. a RUB39.5 bn charge in
January-September 2012
Operating expenses were up by 12.1% y-o-y
C/I ratio declined from 39.4% to 38.7%
Profit before tax amounted to RUB350.5 bn vs. RUB336.7 bn for
January-September 2012
Net profit amounted to RUB286.2 bn vs. RUB269.3 bn for January-September

Net interest income came at RUB518.3 bn, up 15.2% compared to 9M 2012:

  - Interest income increased by RUB176.7 bn primarily driven by assets

  - Interest expenses grew by RUB108.4 bn.

Net fee and commission income amounted to RUB158.6 bn, up by 12.2% Y-o-Y.
Commission income related to other than lending grew faster than net
interest income (+18.5%), totaled RUB147.6 bn. Plastic cards and acquiring
services generated almost half (45%) of commission income.

Operating income before provisions increased by 14.1% y-o-y.

Operating expenses for 9M 2013 increased by 12.1% in comparison to expenses
for 9M 2012. Main drivers of the operating expenses growth were: personnel
expenses, administrative costs and depreciation. C/I ratio improved from
39.4% for 9M 2012 to 38.7% for 9M 2013.

Total provision charges amounted to RUB83.5 bn for January-September 2013
vs. RUB39.5 bn charge a year earlier. Total provision charges in September
were RUB9.4 bn.

Profit before tax amounted to RUB350.5 bn vs. RUB336.7 bn for
January-September 2012.

Net profit reached RUB286.2 bn for 9M 2013, up 6.3% compared to similar
period of 2012.

Assets increased by RUB96 bn in September, or 0.7%, mainly due to growth of
loan portfolio and amounts placed in securities.

The Bank lent about RUB640 bn to corporate clients in September 2013, which
was higher than the average 9M2013 amount by a third. About RUB4.5 trln
were lent to corporate clients for 9M 2013. Corporate loan portfolio
increased by RUB120 bn, or 1.6%, in September; YtD +5.1%.

About RUB150 bn were lent to retail clients in September (excluding credit
cards turnover). Retail loan portfolio grew by RUB71.8 bn, or 2.4%, in
September, YtD +20.8%.

Quality of the loan portfolio remained stable: overdue loans decreased from
2.54% to 2.48% in September. Coverage ratio remained strong, with loan-loss
provisions at RUB611 bn, or 2.26 times the overdue loans as of October 1,

Securities portfolio increased by RUB22 bn, or 1.3%, in September mainly
due to investment in OFZ federal bonds.
The clients' funds remain the core source of funding the Bank's operations:

Retail deposits and accounts exceeded RUB7.2 trln as of October 1,
increasing by 0.1% in September. Growth in deposits for 9M2013 (up RUB538
bn YTD, or +8,1%) outpaced the increase in deposits portfolio for the same
period last year in both absolute and relative terms.

Corporate deposits and accounts amounted to RUB3.0 trln as of October 1.
Reduction in balances (-2.4%) took place in September due to term deposits.
While the volume of current accounts increased by 2.3%.

Regulatory capital (under CBR regulation No. 215-P) came to RUB1,905 bn as
of October 1, 2013, as per preliminary calculations. In September capital
increased by RUB30 bn mainly due to net profit and revaluation of
investments in the Bank subsidiaries.

Capital adequacy ratio of the Bank (under RAS) amounted to 13.3% as of
October 1, 2013 (preliminary data).

Sberbank's Financial Highlights for 9M 2013 (under RAS; non-consolidated)

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Language:           English
Company:            Sberbank
                    19 Vavilova St.
                    117997 Moscow
Phone:              +7-495-957-57-21
E-mail:             media@sberbank.ru
Internet:           www.sberbank.ru
ISIN:               US80585Y3080, RU0009029540, RU0009029557
Listed:             Frankfurt in Open Market (Entry Standard) ; MICEX, RTS
Category Code:      MSC
LSE Ticker:         SBER
Sequence Number:    1690
Time of Receipt:    Oct 07, 2013 08:24:54
End of Announcement                       EquityStory.RS, LLC News-Service
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