Sberbank — Earnings Release 2019

Dec 9, 2019

Sberbank's Financial Highlights under RAS

Balance Sheet Highlights (RUB mn)	1 Dec 2019	1 Jan 2019	Change
Assets	27 856 266	27 017 669	3.1%
Corporate loans	13 197 986	13 570 882	(2.7%)
Retail loans	7 203 291	6 170 154	16.7%
Provisions for loan impairment	1 221 234	1 216 791	0.4%
Securities portfolio	3 343 155	2 893 278	15.5%
Retail deposits	13 079 362	13 038 991	0.3%
Corporate accounts and deposits	6 899 593	6 981 625	(1.2%)
Equity	4 349 243	3 800 296	14.4%
Core Tier 1 capital N1.1*	3 338 506	3 177 806	5.1%
Tier 1 capital N1.2*	3 338 506	3 177 806	5.1%
Total capital N1.0*	4 507 546	4 243 762	6.2%
Core Tier 1 capital N1.1, min. 4,5%*	11.1%	11.1%
Tier 1 capital N1.2, min. 6,0%*	11.1%	11.1%
Total capital N1.0, min. 8,0%*	14.9%	14.8%
Income Statement Highlights (RUB mn)	11M 2019	11M 2018	Change
Net interest income	1 146 754	1 143 593	0.3%
Net fee and commission income	418 849	382 314	9.6%
Net gain from FX revaluation and trading operations	15 113	85 047	(82.2%)
Operating income before provisions	1 597 598	1 658 350	(3.7%)
Total provision charge including fair value revaluation and impairments related to purchased or originated credit-impaired assets	-117 966	-238 061	(50.4%)
Operating costs	-530 290	-486 024	9.1%
Profit before tax	1 011 961	934 266	8.3%
Net profit	814 110	758 858	7.3%
Total comprehensive income	915 946	684 618	33.8%

Key Financial Ratios (%)	11M 2019	11M 2018
Return on assets (ROA)	3.2%	3.4%
Return on equity (ROE)	21.7%	23.3%
Cost to income ratio**	31.9%	29.3%
Cost to average assets	2.1%	2.2%

Branch network (units)	1 Dec 2019	1 Jan 2019
Regional head offices	11	12
Branches	77	77
Sub-branches (retail outlets)*	14 172	14 186
Subsidiaries abroad (India)	1	1
Rep offices abroad (China, Germany)	2	2

Sberbank's market shares (%)	1 Nov 2019	1 Jan 2019
In retail deposits	43.6%	45.1%
In corporate deposits	24.4%	23.1%
In retail loans	41.2%	41.4%
In corporate loans	31.3%	32.7%

*Preliminary calculations

**Operating income excludes impairment of loans at fair value and impairments related to purchased or originated credit-impaired assets