DGAP-News

Sberbank: Sberbank publishes Consolidated Financial Statements in accordance with International Financial Reporting Standards (IFRS) for the 2011 year - Seite 3

25.6% increase since 31 December 2010.

The loan portfolio after provisioning for loan impairment increased by
40.6% in 2011. Loans to individuals before provisions for loan impairment
grew by 36.8% to RUB 1,805.5 bn as of 31 December 2011, while loans to
legal entities before provisions at the same date increased by 35.0% to RUB
6,576.6 bn. This increase in lending came as a result of stronger demand
for loans in 2011 and the Group´s continued focus on sales and marketing.

The Group´s loan quality improved, with non-performing loans (NPL), defined
as loans for which payment of principal and/or interest is overdue by more
than 90 days, decreasing from RUB 452.3 bn as at 31 December 2010 to RUB
407.4 bn as at 31 December 2011. The proportion of non-performing loans in
the total loan portfolio (the NPL ratio) decreased to 4.9% as at 31
December 2011 compared with 7.3% at the beginning of the year. As at 31
December 2011, the NPL coverage ratio (total provisions for loan impairment
to non-performing loans) was 1.6x. Provisions for loan impairment decreased
by 5.7% reaching RUB 662.4 bn as at 31 December 2011. The ratio of
provisions for loan impairment to total gross loans reached 7.9% compared
with 11.3% at the beginning of the year.

The Group´s securities portfolio declined in 2011 by 10.8% to RUB 1,625.8
bn as at 31 December 2011, mainly following the disposal and redemption of
Bank of Russia bonds in 1H 2011. As at 31 December 2011, federal government
bonds accounted for the largest part of the Group´s securities portfolio
with a 43.8% share. The proportion of corporate bonds in the total
securities portfolio increased from 19.4% at the beginning of the year to
31.7% at 31 December 2011. In absolute terms the portfolio of corporate
bonds amounted to RUB 514.7 bn as at 31 December 2011, having grown by
45.8% from the beginning of the year, mainly through purchases of corporate
bonds issued by Russian companies.

The Group does not have investments in debt securities of European Union
countries or companies. All the Group´s investments in securities issued by
foreign countries or companies comprise less than 3% of the Group´s
securities portfolio and relate mostly to the jurisdictions in which the
Group operates.

In accordance with the Group´s accounting policies office premises have
been revalued as at 31 December 2011 (previous revaluation was at 31
December 2009). The net gain from office premises revaluation totaled RUB
25.6 bn, of which RUB 36.9 bn is reported in the Consolidated Statement of