Sberbank’s net profit under RAS for the year 2015 fell 1.3 times


MOSCOW, January 15. Sberbank’s net profit under Russian accounting standards (RAS) for 2015 fell compared with the previous year 1.3 times to-236,3 billion. Such information contains in materials of the credit institution.

In 2014 the net profit without events after the balance sheet date amounted to 305,7 billion rubles, taking into account events after the reporting date – 311,2 billion.

The Bank’s net profit for December 2015 exceeded 33.8 billion rubles.

“In difficult conditions 2015 the Bank earned a profit without taking into account events after the reporting date in the amount of 236,3 billion rubles, which accounted for 76% of net profit 2014. By the end of the year the savings Bank managed to reduce the backlog from the 2014 results, due to consistent implementation of the program of reduction of expenses, and repayment of state funding in the amount of 3 trillion rubles,” – said the Deputy Chairman of Sberbank Alexander Morozov, whose words are in the press release of the credit organization.

The cost of total reserves was $ 397,6 bn, similar to last year. The costs of reserves in December amounted to 27.4 billion rubles, mostly due to creation of reserves for currency credits as a result of weakening of the ruble against major currencies.

Assets in December increased by 1.3 trillion rubles and amounted to 23 trillion rubles Considerable part of the increase is due to revaluation of foreign currency component of balance sheet. Overall for the year the assets increased by 5.6%.

The volume of corporate credit portfolio

It is also noted that the volume of corporate credit portfolio of the savings Bank under Russian accounting standards (RAS) for 2015 increased by 5.1% and reached 12.3 trillion rubles.

In December, the Bank provided corporate clients loans worth more than 1.2 trillion rubles, total for the year is 6.8 trillion. the credit portfolio for December grew to 417 billion rubles, or 3.5% largely due to currency revaluation.

The volume of retail credit portfolio of the savings Bank for the year 2015 grew by 2.5% to 4.1 trillion rubles for Private customers in December issued about 160 billion rubles, just over a year – more than 1.2 trillion rubles, Credit portfolio for December increased by 16 billion rubles or 0.4%.

A significant impact on the growth of the retail portfolio of the savings Bank has the growth of mortgage loans. According to Sberbank, the share of housing loans in the portfolio for the year increased from 48% to 54%.