DGAP-News

Sberbank: Sberbank releases Financial Highlights for January-September 2014 (under RAS; non-consolidated) - Seite 2

Operating expenses increased by 11.8%. C/I ratio for January-September 2014
decreased by 4 ppt to 34.7%. The Bank managed to maintain the trend when
pre-provision operating income growth (24.8%) significantly outpaced
operating expenses increase (11.8%).

Total provision charges amounted to RUB217.9 bn vs. RUB83.5 bn charge a
year earlier. The Bank continues to practice a conservative approach in
loan-loss provisioning based on requirements of the Central Bank of Russia.
Coverage ratio remained strong: loan-loss provisions are 2.2 times the
overdue loans.

Profit before tax for January-September 2014 totaled RUB359.8 bn. As of
this year deferred tax liability was reflected in the Balance Sheet (please
note Sberbank releases Financial Highlights for January-May 2014 (under
RAS; non-consolidated). Consequently, net profit for January-September 2014
amounted to RUB286.7 bn. Excluding the effect of adjustments that reflect
new regulation, net profit for January-September 2014 would have increased
by 3.3% vs. corresponded period a year earlier, totaled RUB295.7 bn.

In September assets increased by 3.5%, or RUB618 bn. The growth of the
Balance Sheet was further influenced by positive revaluation of FX
component on ruble devaluation compared to key foreign currencies. Exchange
rate of USD to RUB increased by 6.6% to RUB39.4, of EUR - by 2.7% to
RUB50.0. Assets growth for 9M 2014 reached RUB1.85 trln, or up by 11.3%,
mainly due to total loan portfolio growth.

The Bank lent over RUB660 bn to corporate clients in September. Total
corporate loan issues for 9M 2014 reached RUB5.3 trln, or by 17% more than
for the same period last year. Total corporate loan portfolio increased by
RUB218 bn in September driven by both new loan demand as well as positive
revaluation of previously issued FX loans. Total corporate loan portfolio
for 9M 2014 increased by RUB1.24 trln, or 14.5%, to exceed RUB9.8 trln.

The Bank lent over RUB150 bn to retail clients in September. Total retail
loan issues for 9M 2014 reached over RUB1.5 trln, which exceeded the amount
of issues for the same period last year (excluding the credit cards
turnover) by 22%. Total retail loan portfolio increased by RUB56 bn in
September to exceed RUB3.9 trln, over half of which are mortgages. The
increase of the retail loan portfolio for 9M 2014 amounted to RUB586 bn, or
up 17.6%.

The Bank keeps the quality of its loan portfolio at a good level: overdue
loans came at 2.3% of total loans (as of October 1, 2014).

Securities portfolio increased by RUB15.0 bn, or 0.8% in September due to