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Sberbank — Earnings Release 2013
Nov 11, 2013
6349_rns_2013-11-11_1bf3dc9f-4600-402c-97de-387856156be2.pdf
Earnings Release
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Sberbank / Miscellaneous
11.11.2013 16:00
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. ---------------------------------------------------------------------------
11 November 2013, Istanbul - Denizbank, the Turkish subsidiary of the Sberbank Group, Russia's largest financial institution, announces financial results for nine months of 2013 today.
On a year-on-year consolidated basis, Denizbank:
- Reports net profit of TL 874 Million (\$470 mln), up by 111% on a year-on-year basis,
- Grew cash and non-cash loans by 43% to reach TL 52.4 billion and 16.8 billion respectively (equivalent of cash \$25.7 bln and non-cash \$8.3 bln),
- Grew its customer deposits by 33% to reach TL 44.8 billion (\$22.0 bln),
- Grew its assets by 40% to reach TL 73.3 billion (\$ 35.9 bln),
- Grew its equity by 14% to reach TL 6.0billion (\$2.9 bln)
Sergey Gorkov, Deputy Chairman of the Executive Board, commented on the results,
'We are pleased to see that Denizbank continues to deliver strong performance, maintaining the momentum we saw in the first half of the year. Denizbank has continued to grow profitability, while demonstrating excellent progress on an operational level with significant improvements in the Bank's infrastructure.
Denizbank is an important part of Sberbank's strategy to increase its share of net profit generated from international operations and to establish a leading presence in the fast-growing Turkish economy. We believe it is well-positioned for future profitable growth.'
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.
11.11.2013 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: | 1755 |
| Time of Receipt: | Nov 11, 2013 16:00:07 |
End of Announcement EquityStory.RS, LLC News-Service