Investor Presentaiton
SBERBANK
170 YEARS. BY YOUR SIDE
Λ
financial results
74
Interest income
and expense 75
Net fee and
commission
income 83
Financial result
from operations
with securities 84
Gains from
foreign currency
transactions 84
Operating
expenses 85
Charge/recovery
of provisions
for loan
impairment 86
GROUP IFRS INCOME
STATEMENT
ANNUAL REPORT
GROUP IFRS INCOME STATEMENT
2011
Net interest income in 2011 grew 17.1% to RUB 561.0 billion
(RUB 479.1 billion in 2010), while the Group's net fee and commis-
sion income grew 13.8% to RUB 140.6 billion.
Administrative and operating expenses are RUB 348.3 billion
(RUB 265.9 billion in 2010).
RUB million
INTEREST INCOME AND EXPENSE
Interest income
The Group's interest income amounted to RUB 850.6 billion in 2011,
up 6.9% from 2010. The increase in interest income was primarily due
to the growing amount of interest-earning assets and the rising share
of assets, primarily loans, that generate the highest returns. The table
below presents the average annual balances of the Group's assets by
class of asset and related interest income, and average annual return.
2011
2010
75
Λ
Average for the
year
Interest
income
Average Average for the
return, %
,%
year
Interest
income
Average
return, %
Assets
Loans and advances
6,911,213
741,796
10.7
5,622,371
682,010
12.1
to customers
Debt securities
available for sale
998,108
67,424
6.8
1,226,722
83,219
6.8
Due from other
371,638
6,982
1.9
1979
336,960
8,073
2.4
banks, including
correspondent
accounts and overnight
deposits with other
banks
Debt investment
400,746
26,799
6.7
167,404
9,101
5.4
securities held
to maturity
Other debt securities
59,579
3,588
6.0
91,692
5,740
6.3
designated at fair value
through profit or loss
et profit under IFRS earned by Sberbank Group in 2011
increased to RUB 315.9 billion, up 74% on 2010 (RUB 181.6 billion).
Profit before tax is RUB 395.7 billion and RUB 230.1 billion for 2011
and 2010 respectively.
The Group's net profit increased in 2011 on the back of higher ope-
rating income before provisions for loan impairment (RUB 742.8 billion
in 2011 and RUB 649.8 billion in 2010) and the recovery of provision
for loan impairment in the amount of RUB 1.2 billion in 2011 against
provision charge in the amount of RUB 153.8 billion in 2010.
Debt trading securities
65,494
4,035
6.2
87,299
7,503
8.6
Total
Provision for loan
impairment
8,806,778
(669,842)
850,624
9.7
7,532,447 795,646
(666,048)
10.6
Non-interest-earning
1,126,194
827,401
assets.
Total assets
9,263,130
7,693,800
170 YEARS. IT'S JUST THE BEGINNING
WWW.SBERBANK.RU
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