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Sberbank — Earnings Release 2013
Aug 6, 2013
6349_rns_2013-08-06_d49bd613-94c2-4669-9a98-6bc944ee31dc.pdf
Earnings Release
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Sberbank / Miscellaneous
06.08.2013 17:35
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. ---------------------------------------------------------------------------
6 August 2013, Istanbul - Denizbank, the Turkish subsidiary of the Sberbank group, the region's largest banking institution headquartered in Russia, today announces its first half 2013 financial results.
Key highlights:
- First half net profit of 635 million TL (USD 329,3 mln), grew by 90% y/y
- Assets grew by 36%, nearly two times higher than the sector average, to 65.2 billion TL (USD 33,8 bln)
- Equity grew by 14% and reached 5.8 billion TL (USD 3 bln)
- Customer deposits grew by 30%, with total deposits reaching 39.1 billion TL (USD 20,3 bln)
- Cash loans increased by 37%, nearly 1.5 times the sector average growth, and reached 46.7 billion TL (USD 24,2 bln)
- Non-cash credits grew by 44% to reach 15.6 billion TL (USD 8,1 bln)
Commenting on the results Sergey Gorkov, Deputy Chairman of the Board, said,
'We are pleased to see another strong set of results from DenizBank, with encouraging growth across key metrics as it has both improved profitability and expanded its customer and asset base.
DenizBank is an important part of Sberbank's strategy to increase its share of net profit generated from international operations and establish a leading presence in the fast-growing Turkish economy. These results both demonstrate the value DenizBank is already bringing to the Group as well as its potential to further grow its share of the Turkish market.'
In September 2012, Sberbank completed the acquisition of DenizBank AS which is ranked 5th among private and 9th among all Turkish banks by consolidated total assets.
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Sberbank of Russia
Alexander Baziyan
Public Relations
Tel. +7(495) 957 5721
Sberbank of Russia is the largest bank in Russia and holds almost one third of aggregate Russian banking sector assets. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share. The rest of the shares are held by international and domestic investors. More than 100 million individual customers bank with Sberbank and about 1 million of businesses. The Bank has the largest distribution network in Russia with more than 18,000 offices as well as subsidiaries in 20 countries including the CIS, Central and Eastern Europe and Turkey.
The Bank holds the general banking license No.1481 issued by the Bank of Russia.
The official website is www.sberbank.ru.
06.08.2013 EquityStory.RS, LLC's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
|---|---|
| Company: | Sberbank |
| 19 Vavilova St. | |
| 117997 Moscow | |
| Russia | |
| Phone: | +7-495-957-57-21 |
| Fax: | |
| E-mail: | [email protected] |
| 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: | 1566 |
| Time of Receipt: | Aug 06, 2013 17:35:43 |
End of Announcement EquityStory.RS, LLC News-Service