Investor Presentaiton
financial results
90
Λ
SBERBANK
170 YEARS. BY YOUR SIDE
Loans and
advances
to customers 92
Investments
in securities 93
OF SBERBANK GROUP'S
ASSETS UNDER IFRS
STRUCTURE
STRUCTURE OF SBERBANK
GROUP'S ASSETS UNDER IFRS
ANNUAL REPORT
2011
RUB million
As of 31 December 2011
As of 31 December 2010
Change, %
Amount
% of amount
Amount
% of amount
Loans and advances to customers
before provision for impairment
8,382,107
6,191,910
35.4
Provision for impairment of loans
(662,407)
(702,523)
(5.7)
and advances to customers
Loans and advances to customers,
7,719,700
71.3
5,489,387
63.6
40.6
net
Securities
Cash and cash equivalents
1,625,850
625,565
15.0 1,823,648
21.1
(10.8)
5.8
719,601
8.3
(13.1)
Premises and equipment
359,903
3.3
283,756
3.3
26.8
Mandatory cash balances with the
101,205
0.9
50,532
0.6
100.3
Bank of Russia
Due from other banks
Other assets
Total assets
35,097
0.3
13,035
0.2
169.3
367,779
3.4
248,568
2.9
48.0
91
10,835,099
100.0 8,628,527
100.0
25.6
A
40
%
STRUCTURE OF THE GROUP'S ASSETS AT YEAR-END
2.8
3.7
4.6
100
3.5
3.3
3.3.
10.2
8.3
5.8
15.0
80
15.0
21.1
60
68.5
63.6
71.3
he Group's assets in accordance with IFRS increased by 25.6%
to RUB 10,835.1 billion as of 31 December 2011.
The key asset item-loans and advances to customers, net-increased
by 40.6%. The continuing recovery of the Russian economy and the
Group's active position on the lending market allowed the Group
to expand its loan portfolio. The share of loans to customers in the
Group's asset structure rose to 71.3% at the end of 2011 from 63.6%
at the end of 2010.
The Group's securities portfolio shrank by 10.8% to RUB 1,625.8
billion (including securities pledged under repurchase agreements)
and the share of securities in the Group's assets reached 15.0% at the
end of 2011. The decrease was mainly due to the repayment of Bank
of Russia bonds in the first half of 2011.
20
2009
2010
2011
Loans and advances to customers
Securities
Premises and equipment
Other
Cash and cash equivalents
In accordance with the current accounting policy, the Group revalued
its office premises as of 31 December 2011. As a result, the value
of premises and equipment increased by RUB 25.6 billion.
Other Group's assets increased to RUB 367.8 billion in 2011 (up
48.0% from 2010). The growth was driven by a significant increase
in derivatives (450.5% up from RUB 9.3 billion at the end of 2010
to RUB 51.2 billion at the end of 2011) and an 89.7% increase in the
amount of precious metals. Outstanding settlements on credit cards
170 YEARS. IT'S JUST THE BEGINNING
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