DGAP-News

Sberbank: Sberbank releases Financial Highlights for 9M 2015 (under RAS; non-consolidated) - Seite 2

is related to transfer of contributions to the Deposit Insurance Agency
for the 3rd quarter (RUB 9.0 bn).

Net fee and commission income came at RUB207.4 bn, up by 6.0%. The Bank
continued to demonstrate growth of net fees and commission income despite
the decline in commission income from corporate lending and banking
insurance. Transactions with bank cards and acquiring remained the main
drivers.

Net income from FX revaluation and trading operations on capital markets
amounted to RUB41.2 bn for 9M 2015 compared to RUB32.6 bn for 9M 2014.

Operating expenses decreased by 0.9% y-o-y for 9M 2015 due to the Bank's
cost optimization program. Effective 2015 the Bank started to apply the
accrual method in accounting for employee compensation expenses in order to
smoothen the expenses distribution across the year. For comparison purposes
the same accounting principle was applied to staff costs for 2014.

Excluding the accrual effect in accounting for employee compensation
expenses for the same period of 2014, operating expenses increased by 1.3%.

Total provision charges amounted to RUB303.7 bn for 9M 2015 vs. RUB217.8 bn
a year earlier. In September amount of provision charge came at RUB25.9 bn
which is lower than the average monthly number for the previous 8 months
(RUB34.7 bn). The Bank continues to create provisions in accordance with
requirements of the Central Bank of Russia. Loan-loss provisions are 2.1
times the overdue loans.

Net profit before income tax came at RUB181.8 bn for 9M 2015 vs. RUB360.4
bn a year earlier. Net income reached RUB144.4 bn for 9m2015 compared to
286.7 bn for 9m2014.

Assets increased by 1.7% in September to reach RUB22.0 trln driven by funds
placements with other banks and interbank loans as part of liquidity
management.

The Bank lent about RUB0.8 trln to corporate clients in September. Loan
issues from the beginning of the year were about RUB4.3 trln. Total
corporate loan portfolio in September remained unchanged at RUB11.8 trln.

The Bank lent over RUB100 bn to retail clients in September, from the
beginning of the year was about RUB850 bln. Total retail loan portfolio
increased by RUB9 bln, or 0.2%, in September stood at RUB4.1 trln. The
share of mortgages in total retail portfolio continues to increase to reach
52.1% as of October 1, 2015 from 47.8% as of January 1, 2015.

Overdue loans decreased by 0.1p.p. to 2.9% of total loans in September. The
level of overdue loans at Sberbank is two times lower than the level of the
banking sector's average.

Securities portfolio was up by RUB46 bn in September, or by 2.7%, due to