Investor Presentaiton
SBERBANK
170 YEARS. BY YOUR SIDE
Interest expenses on amounts due to customers
Interest expenses on amounts due to individuals and corporate custo-
mers fell 8.8% to RUB 247.6 billion in 2011. 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.
MOVEMENTS IN THE COST OF CUSTOMER DEPOSITS
IN 2011 AND 2010 ARE PRESENTED IN THE TABLE BELOW
COST OF FUNDS
ANNUAL REPORT
GROUP IFRS INCOME STATEMENT
2011
%
6.9
6.6
6.3
5.8
5.5
5.4
5.2
4.9
4.7
4.5
4.7
4.2
4.2
4.0
4.0
3.5
RUB million
2011
2010
0.8
0.7
0.7
0.9
0.6
0.6
0.7
0.8
Average amount
of liabilities
Interest
expenses
Average cost
of funds, %
Average amount
of liabilities
Interest
expenses
Average cost
of funds, %
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Due to corporate customers
2010
2010
2010
2010
2011
2011
2011
2011
78
Deposits
658,378
26,040
4.0
597,700
29,747
5.0
Λ
Current
accounts
1,248,220
10,540
0.8
1,112,505
9,089
0.8
O Retail term deposits
O Corporate term deposits
O Current/settlement accounts
financial results
Total
1,906,598
36,580
1.9
1,710,205
38,836
2.3
Due to individuals
Deposits
4,288,764
206,291
4.8
Current
840,295
4,702
0.6
3,605,050
576,665
230,102
6.4
2,628
0.5
accounts
Total
TOTAL
5,129,059
7,035,657
210,993
247,573
4.1 4,181,715
3.5 5,891,920
232,730
271,566
5.6
4.6
Interest expenses on subordinated debt
Interest expenses on subordinated debt and the average cost of such
debt were less in 2011 because part of a subordinated loan (RUB 200
billion) received from the Bank of Russia was repaid in May 2010
and the interest rate on this subordinated loan was lowered from
8% to 6.5% in July 2010.
Interest expenses on amounts due to other banks
Interest expenses on amounts due to other banks rose more than 3
times, which is primarily due to an increase in the amount of funds
raised from the Bank of Russia in the fourth quarter of 2011. These
funds were borrowed by the Group to meet growing demand for loans.
170 YEARS. IT'S JUST THE BEGINNING
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