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Sberbank: Sberbank releases Financial Highlights for 1M 2016 (under RAS; non-consolidated) - Seite 2

commissions are reflected in the Interest income line starting from January
1, 2016; the figure for 2015 is restated under the new methodology.

Net income from FX revaluation and trading operations on capital markets
amounted to RUB11.5 bn compared to RUB23.1 bn for 1M 2015, where the income
in January 2016 was mostly due to the fx revaluation of the Balance sheet
items.

Operating expenses increased by 4.3%.

Total provision charges amounted to RUB61.6 bn vs. RUB54.9 bn for 1M 2015.
In January 2016 the amount of provision charge was mostly driven by ruble
devaluation that required to form additional reserves for FX loans, as well
as the loan portfolio growth. The Bank continues to form loan-loss
provisions in-line with the requirements of the Central Bank of Russia.
Loan-loss provisions are 1.9 times the overdue loans.

Net profit before income tax came at RUB31.5 bn vs. RUB9.9 bn for 1M 2015.
Net profit totaled RUB28.3 bn vs. RUB3.7 bn.

Assets in January 2016 remained unchanged and exceed RUB23 trln. Growth of
corporate loan portfolio was accompanied by the decrease of loans to banks,
accounts in settlement, as well as cash reserves that were kept in excess
during the holidays. The revaluation of the FX component due to ruble
weakening also made a contribution to the Balance Sheet items.

The Bank lent about RUB850 bn to corporate clients in January. The loan
portfolio ending balance increased by RUB604 bln, or by 4.9%, in January.
Total corporate loan portfolio reached RUB12.9 trln as of February 1, 2016.

The Bank lent about RUB80 bn to retail clients in January. Total retail
loan portfolio decreased by RUB5 bn, or 0.1%, in January to RUB4.1 trln as
of February 1, 2016.

Overdue loans of total loans remained at 3.3% in January. The level of
overdue loans at Sberbank remains substantially lower than the level of the
banking sector's average (6.5% as of January 1, 2016).

Securities portfolio was up by RUB56 bn in January, or by 2.4%. The
portfolio ending balance was RUB2.3 trln as of February 1, 2016.

Retail deposits and accounts decreased by RUB317 bn in January, or by 2.9%
to reach RUB10.5 trln. The entire outflow of funds was from the banking
cards accounts during the holiday period, which is typical for the
beginning of the year.

Corporate funding increased by RUB171 bn in January, or by 2.5%, to exceed
RUB6.9 trln.

Core Tier 1 and Tier 1 capital (equal since Sberbank does not have
instruments of additional capital) reached RUB1.749 trln as of February 1,
2016 under preliminary calculations. Total capital amounted to RUB2.693
trln on the same date, primarily due to net profit.

Risk-weighted assets increased by RUB1.440 bn, which created pressure on
capital adequacy ratios. The growth of RWA was primarily attributed to the
termination of the forbearance exchange rate that was set by the Central
Bank as a measure in capital ratio calculations.

Capital adequacy ratios under preliminary calculations as of February 1,
2016 were:

 N1.1 - 7.3% (minimum adequacy level, required by the Central Bank of
Russia at 4.5%)

 N1.2 - 7.3% (minimum adequacy level, required by the Central Bank of
Russia at 6.0%)

 N1.0 - 11.2% (minimum adequacy level, required by the Central Bank of
Russia at 8.0%).

Sberbank 1M 2016 Financial Highlights (under RAS, non-consolidated)


05.02.2016 The EquityStory.RS, LLC Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: [phone]
Fax:
E-mail: [e-mail]
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070
Listed: Open Market (Entry Standard) in Frankfurt ; London, MICEX,
RTS

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