Sberbank — Earnings Release 2019

Apr 5, 2019

Sberbank's Financial Highlights under RAS

Balance Sheet Highlights (RUB mn)	Apr 1, 2019	Jan 1, 2019	Change
Assets	27 231 027	27 017 669	0,8%
Corporate loans	13 120 054	13 570 882	-3,3%
Retail loans	6 393 422	6 170 154	3,6%
Provisions for loan impairment	1 262 790	1 216 791	3,8%
Securities portfolio	3 127 386	2 893 278	8,1%
Retail deposits	12 842 469	13 038 991	-1,5%
Corporate accounts and deposits	7 260 618	6 981 625	4,0%
Equity	4 026 650	3 800 296	6,0%
Core Tier 1 capital N1.1*	3 483 732	3 177 806	9,6%
Tier 1 capital N1.2*	3 483 732	3 177 806	9,6%
Total capital N1.0*	4 291 120	4 243 762	1,1%
Core Tier 1 capital N1.1, min. 4,5%*	12,0%	11,1%
Tier 1 capital N1.2, min. 6,0%*	12,0%	11,1%
Total capital N1.0, min. 8,0%*	14,8%	14,8%
Income Statement Highlights (RUB mn)	1Q 2019	1Q 2018	Change
Net interest income	298 957	301 331	-0,8%
Net fee and commission income	98 855	90 338	9,4%
Net gain from FX revaluation and trading operations	-1 115	12 480	-
Operating income before provisions	416 717	408 216	2,1%
Total provision charge	-25 487	-38 772	-34,3%
Operating costs	-130 107	-122 817	5,9%
Profit before tax	261 123	246 626	5,9%
Net profit	218 171	195 859	11,4%
Total comprehensive income	230 796	204 725	12,7%
Key Financial Ratios (%)	1Q 2019	1Q 2018
Return on assets (ROA)	3,3%	3,4%
Return on equity (ROE)	22,4%	23,0%
Cost to income ratio**	31,4%	30,1%
Cost to average assets	1,9%	2,1%
Branch network (units)	Apr 1, 2019	Jan 1, 2019
Regional head offices	12	12
Branches	77	77
Sub-branches (retail outlets)*	14 173	14 186
Subsidiaries abroad (India)	1	1

Rep offices abroad (China, Germany) 2 2

Sberbank's market shares (%)	Mar 1, 2019	Jan 1, 2019
In retail deposits	44,9%	45,1%
In corporate deposits	24,5%	23,1%
In retail loans	41,3%	41,4%
In corporate loans	32,5%	32,7%

*Preliminary calculations

**Operating income excludes impairment of loans at fair value