Investor Presentaiton
SBERBANK
170 YEARS. BY YOUR SIDE
Net interest income
The Group's net interest income was RUB 561.0 billion in 2011, up
17.1% from 2010. Return on assets, cost of liabilities and interest
spread and margin for 2010 and 2011 are presented in the table below.
SPREAD DYNAMICS
ANNUAL REPORT
GROUP IFRS INCOME STATEMENT
2011
%
11.8
10.5
10.2
9.9
9.9
9.5
9.6
9.7
RUB million
2011
2010
Average for
the year
Interest
income/
(interest
Average
return/
cost, %
Average for
the year
Interest
Average
income/
return/
(interest
cost, %
expense)
expense)
6.8
Total interest-earning
assets
8,806,778
850,624
9.7
7,532,447
795,646
10.6
5.7
6.1
6.2
6.4
5.9
5.6
5.0
5.1
Total interest-bearing
liabilities
7,968,249
289,598
3.6 6,702,232
316,543
4.7
4.1
3.9
3.7
4.8
4.8
3.5
3.5
Net interest income
Net interest spread
Net interest margin
561,026
6.1
6.4
479,103
Q1
5.9
2010
Q2
2010
Q3
Q4
Q1
Q2
Q3
Q4
2010
2010
2011
2011
2011
2011
6.4
80
O Spread
A
Factors that affected margin in 2011 and 2010 are presented below.
financial results
%
2011
2010
Prior year margin
6.37
7.61
Return on corporate loans
-1.08
-1.28
Return on retail loans
-0.02
0.03
Return on amounts due from other banks
-0.02
0.01
Return on securities
0.00
-0.44
Structure of interest-earning assets
0.22
-0.42
O Return on interest-earing assets
O Cost on interest-bearing assets
Interest spread* grew 20 b.p. to 6.1% in 2011, which is due to increased
amounts of interest-earning assets and the reduced cost of interest-
bearing liabilities.The table below presents an analysis of changes
in interest income and expense for 2011 versus 2010 by looking at
the following factors:
Changes in average annual balances of items recorded in the
Statement of Financial Position;
Changes in average interest rates.
Cost of amounts due to corporate customers
0.08
0.32
RUB million
Volume factor
Interest rate
factor
Change in interest
income/expense
Cost of amounts due to individuals
Cost of amounts due to other banks
Cost of securities in issue and subordinated debt
0.83
0.25
ASSETS
-0.03
0.07
Loans and advances to customers
138,334
0.11
0.07
Debt securities available for sale
(15,443)
(78,548)
(352)
59,786
(15,795)
Structure of interest-bearing liabilities
Interest-earning assets to interest-bearing liabilities*
Reporting year margin
Interest margin remained stable at 6.4% in 2011.
-0.03
0.01
-0.06
0.14
Due from other banks, including correspondent accounts
and overnight deposits with other banks
651
(1,742)
(1,091)
6.37
6.37
Debt investment securities held to maturity
15,604
2,094
17,698
Other debt securities designated at fair value through profit
or loss
(1,934)
(218)
(2,152)
Debt trading securities
(1,343)
(2,125)
(3,468)
Change in interest income
135,869
(80,891)
54,978
170 YEARS. IT'S JUST THE BEGINNING
WWW.SBERBANK.RU
*
Interest spread is the difference between the return on interest-
earning assets and the cost of interest-bearing liabilities.
81
Λ
financial resultsView entire presentation