Investor Presentaiton

SBERBANK 170 YEARS. BY YOUR SIDE ANNUAL REPORT GROUP IFRS INCOME STATEMENT 2011 Interest income on loan portfolio Interest income on loans to customers amounted to RUB 741.8 bil- lion, up 8.8% year-on-year. The growth in interest income was driven by a 35% expansion of the Group's loan portfolio before provisions. INTEREST INCOME ON LOAN PORTFOLIO RUB billion 498.3 500 400 300 200 76 100 Λ financial results % +4.0% 518.2 +21.7% 223.6 183.7 Corporate lending Retail lending 2010 2011 LOAN PORTFOLIO YIELDS 15.2 15.2 14.9 15.0 15.1 14.8 14.7 14.6 13.4 RUB million Interest income on securities Interest income on securities in 2011 was RUB 101.8 billion, down 3.6% from 2010 (RUB 105.6 billion). This change is primarily due to a 10.8% decline in the Group's securities portfolio in 2011. An analysis of changes in the securities portfolio is presented in the Analysis of the Statement of Financial Position. Interest income on amounts due from other banks Interest income on amounts due from other banks (including inter- bank loans, nostro accounts and overnight placements) was RUB 7.0 billion in 2011, down 13.6% year-on-year. Interest and similar expenses The Group reduced its interest and similar expenses (hereinafter re- ferred to as interest expenses) by 8.5% to RUB 289.6 billion in 2011. The cost of borrowed funds gradually fell in 2011, from 4.1% in the fourth quarter of 2010 to 3.5% in the fourth quarter of 2011. Interest expenses on retail deposits are the main component of the Group's interest expenses. The cost of retail deposits fell steadily throughout 2010 and 2011 as a result of the repayment of long-term deposits with high interest rates, which had been raised during the financial crisis. The average annual amount of interest-bearing liabilities grew by 18.9% mainly because of continued growth in retail deposits. The table below presents the average annual balances of the Group's liabilities by class of liabilities and related interest expenses and the average annual cost of funds. 2011 2010 13.0 Average for the year Interest expenses Average cost, % Average for the year Interest expenses Average cost, % 11.9 11.6 11.7 LIABILITIES 10.6 10.8 10.8 10.6 10.7 Due to individuals 5,129,059 210,993 4.1 11.0 10.9 9.7 .9.6 9.6 9.4 Due to corporate 1,906,598 36,580 1.9 4,181,715 1,710,205 232,730 38,836 5.6 2.3 customers Subordinated debt 310,755 19,512 6.3 390,753 28,219 7.2 Q1 2010 Q2 2010 Q3 Q4 Q1 Q2 Q3 Q4 2010 2010 2011 2011 2011 2011 Other borrowed funds 195,458 4,226 2.2 92,504 1,640 1.8 O Interest income on retail loans Debt securities in issue 267,772 12,746 4.8 221,988 13,344 6.0 O Interest income on all loans O Interest income on corporate loans Due to other banks 158,607 5,541 3.5 Total 7,968,249 289,598 105,067 3.6 6,702,232 1,774 1.7 316,543 4.7 Non-interest-bearing liabilities 165,350 112,606 170 YEARS. IT'S JUST THE BEGINNING TOTAL LIABILITIES 8,133,599 WWW.SBERBANK.RU 6,814,838 77 financial results

View entire presentation