Sberbank — Earnings Release 2019

Sep 9, 2019

Sberbank's Financial Highlights under RAS

Balance Sheet Highlights (RUB mn)	1 Sep 2019	1 Jan 2019	Change
Assets	28 035 460	27 017 669	3.8%
Corporate loans	12 957 574	13 570 882	(4.5%)
Retail loans	6 877 259	6 170 154	11.5%
Provisions for loan impairment	1 263 528	1 216 791	3.8%
Securities portfolio	3 438 618	2 893 278	18.8%
Retail deposits	13 168 362	13 038 991	1.0%
Corporate accounts and deposits	7 087 926	6 981 625	1.5%
Equity	4 096 509	3 800 296	7.8%
Core Tier 1 capital N1.1*	3 329 349	3 177 806	4.8%
Tier 1 capital N1.2*	3 329 349	3 177 806	4.8%
Total capital N1.0*	4 382 145	4 243 762	3.3%
Core Tier 1 capital N1.1, min. 4,5%*	11.2%	11.1%
Tier 1 capital N1.2, min. 6,0%*	11.2%	11.1%
Total capital N1.0, min. 8,0%*	14.7%	14.8%
Income Statement Highlights (RUB mn)	8M 2019	8M 2018	Change
Net interest income	822 311	833 652	(1.4%)
Net fee and commission income***	292 267	277 122	5.5%
Net gain from FX revaluation and trading operations	30 976	78 941	(60.8%)
Operating income before provisions***	1 196 661	1 222 755	(2.1%)
Total provision charge***	-83 556	-213 580	(60.9%)
Operating costs	-370 639	-342 560	8.2%
Profit before tax	742 466	666 616	11.4%
Net profit	593 228	540 673	9.7%
Total comprehensive income	662 606	467 364	41.8%
Key Financial Ratios (%)	8M 2019	8M 2018
Return on assets (ROA)	3.3%	3.4%
Return on equity (ROE)	22.1%	23.0%
Cost to income ratio**	30.8%	28.0%
Cost to average assets	2.0%	2.0%
Branch network (units)	1 Sep 2019	1 Jan 2019
Regional head offices	11	12
Branches	77	77
Sub-branches (retail outlets)*	14 174	14 186
Subsidiaries abroad (India)	1	1
Rep offices abroad (China, Germany)	2	2
Sberbank's market shares (%)	1 Aug 2019	1 Jan 2019
In retail deposits	44.3%	45.1%
In corporate deposits	24.9%	23.1%
In retail loans	40.9%	41.4%
In corporate loans	31.1%	32.7%

*Preliminary calculations

**Operating income excludes impairment of loans at fair value

***Please note that due to some changes in Sberbank's internal methodology that became effective in August - part of provision charges (RUB0.46 bn for 8M 2019) were reclassified as fees expenses