Sberbank: SberBank selected RAS highlights for 11M 2022
SberBank selected RAS highlights for 11M 2022
The results in this press release are calculated in accordance with SberBank`s internal methodology
December 8, Moscow
Herman Gref, Chairman of the Executive Board, CEO, stated:
“In November we earned RUB124.7 bn net profit, which was comparable to the results of the previous month. Additionally, our loan portfolio rose by 1.4% to exceed RUB30 trn. As for 11M22, Sber’s net profit reached RUB174.8 bn. Our traditional campaign, Sber Green Day, which coincided with Sber’s birthday celebration, made a considerable contribution to our results. The campaign has become popular among our clients; the sales volume of retail and corporate products exceeded the 2021 campaign”.
Client activity metrics1
Number of retail clients reached 106.4 mn people, while the number of corporate clients exceeded 3 mn companies.
Clients activity and engagement in digital channels remained high: DAU/MAU of SberBank Online was over 50%.
Number of SberPrime subscribers increased by 0.3 mn in November, or by 1.2 mn in 11M22 to 5.4 mn.
Number of SberSpasibo loyalty program clients increased by 0.8 mn in November, or by 8.9 mn in 11M22 to 65.4 mn users.
Green Day at Sber
Sber held its traditional Green Day in the middle of November, when every client could take advantage of exclusive deals and discounts from Sber and Sber partners. The number of the latter climbed over 170.
Retail loan portfolio rose by 1.8% in November, or 11% in 11M22, to RUB11.8 trn, driven by strong dynamics in the mortgage portfolio (+17.3% in 11M22, including the securitization portfolio) and credit cards (+26.8%).
Mortgage originations from the beginning of the year were over RUB2.1 trn.
Loan portfolio asset quality remained stable. The share of overdue loans in total loan portfolio changed immaterially to 2.3%.
Retail client funding reached RUB16.8 trn, up by 0.6%2 in November, or by 0.8%2 in 11M22, to a large extent thanks to this autumn’s promos, such as a three-year Best Interest at 9.5% p.a. in Roubles.
Corporate client funding decreased by 2.7%2 in November to RUB8.4 trn, while adding 0.7%2 in 11M22.
Key Ratios in November 2022
Net interest income growth accelerated to 12.8% y-o-y in November 2022 to RUB159.1 bn, or by 3.7% y-o-y for 11M22 on the back of working assets increase and normalization in funding rates.
Net fee and commission income increased by 16% y-o-y in November 2022 to RUB57.0 bn, or by 5.1% y-o-y for 11M22 to RUB547.3 bn.
Total volume of transfers, payments and acquiring increased by 22% y-o-y during 11M22.
Operating expenses in November 2022 declined y-o-y to RUB64.3 bn. The cost optimization program lowered expenses by 3.9% y-o-y for 11M22.
Net profit in November 2022 reached RUB124.7 bn, up by 22.7% y-o-y, while for 11M22 amounted to RUB174.8 bn.
Such results were achieved without applying the Central Bank’s forbearance measures that were available to Russian financial institutions, including predetermined foreign exchange rate and revaluation price of securities, lower provisioning against certain companies and other.
The total capital adequacy ratio increased in November. Sberbank PJSC exceeds all management buffers to capital adequacy ratios that were set by the Supervisory Board in December 2021.
1 management accounts
2 excluding the effect from FX revaluation
3 Cost of Risk excludes the effect from FX revaluation
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ПАО Сбербанк — один из крупнейших банков в России и один из ведущих глобальных финансовых институтов. На долю Сбербанка приходится около трети активов всего российского банковского сектора. Сбербанк является ключевым кредитором для национальной экономики и занимает одну из крупнейших долей на рынке вкладов. Основным акционером ПАО Сбербанк является Российская Федерация в лице Министерства финансов Российской Федерации, владеющая 50% уставного капитала ПАО Сбербанк плюс 1 голосующая акция. Оставшимися 50% минус 1 голосующая акция от уставного капитала банка владеют российские и международные инвесторы. Банк располагает обширной филиальной сетью в России: около 14 тысяч точек обслуживания. Генеральная лицензия Банка России на осуществление банковских операций № 1481 от 11.08.2015. Официальные сайты банка: www.sberbank.com (сайт Группы Сбербанк), www.sberbank.ru.
This document has been prepared by Sberbank of Russia (the “Bank”) and has not been independently verified. This press release does not constitute or form part or all of, and should not be construed as, any offer of, or any invitation to sell or issue, or any solicitation of any offer to purchase, subscribe for, underwrite or otherwise acquire, or a recommendation regarding, any shares or other securities representing shares in, or any other securities of the Bank, or any member of the Bank’s group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or any commitment whatsoever or any investment decision. The information in this press release is confidential and is being provided to you solely for your information and may not be reproduced, retransmitted or further distributed to any other person or published, in whole or in part, for any purpose.
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|ISIN:||US80585Y3080, RU0009029540, RU0009029557, US80585Y4070|
|EQS News ID:||1507821|
|End of Announcement||EQS News Service|
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