Investor Presentaiton
bank profile
SBERBANK
170 YEARS. BY YOUR SIDE
ANNUAL REPORT
2011
14
Retail sales rose 7.2%, fuelled by deferred demand and lower savings
levels. These factors had certain implications for Russian banks'
retail businesses:
Customer deposits slowed from 31% in 2010 to 21% in 2011. With
Sberbank's customer deposit growth rate being below the market
average (18%), its share in this segment reduced from 47.9% to 46.6%.
Banks actively increased retail lending. Retail loans grew almost
one third over the year (36%). Sberbank maintained a market share
of 32% in this segment thanks to a growth rate comparable to the
market average.
Russian banks worked keenly with domestic companies and enterprises
whose deposits and loans grew 26% and 27% respectively. Sberbank
also continued to work closely with its corporate customers, especially
in the corporate lending segment where its market share increased
from 31.3% to 32.9%.
One of the hallmarks of the development of the Russian banking sector
in 2011 was that lending grew at a faster pace than customer depos-
its, putting more pressure on the liquidity of the domestic banking
sector in the second half of the year. 2011 saw a steady improvement
in the quality of loan portfolios in the domestic banking sector. Non-
performing loans to corporate customers and individuals dropped
markedly over the year. Sberbank also placed a special focus on the
quality of its loan portfolio and continued its effort to collect non-
performing loans. At the same time, Sberbank actively expanded its
term loan portfolio. Together these efforts helped to reduce the share
of non-performing loans from 7.3% to 4.9%.
%
Assets
Equity
Corporate lending
Retail lending
Corporate accounts
Retail deposits
Income before tax
In 2011, Sberbank recovered provisions for certain loan as part of on-
going measures to deal with non-performing assets. While the Bank
continued to make provisions on new loans, overall provision charges
reduced substantially over the year. This reduction had a positive effect
on the level of income, which reached a record high and accounted
for 46.5% of total income earned by the national banking sector*.
SBERBANK'S SHARE IN VARIOUS SEGMENTS
OF THE FINANCIAL SERVICES MARKET
2011
2010
26.8
27.3
29.1
26.4
32.9
31.3
32.0
31.9
14.5
15.9**
15
46.6
47.9 A
46.5
39.2
170 YEARS. IT'S JUST THE BEGINNING
WWW.SBERBANK.RU
*
Quoted before tax and without taking into account events after
the balance sheet date. Source: Overview of the Russian Banking
Sector (Internet version), No. 113, March 2012
** The 2010 data was restated to reflect a change made in 2011:
balances in precious metals were excluded.
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