Investor Presentaiton
financial results
SBERBANK
170 YEARS. BY YOUR SIDE
Λ
96
International
borrowings 97
Amounts due
to customers 98
Equity 99
STRUCTURE OF SBERBANK
AND EQUITY UNDER IFRS
GROUP'S LIABILITIES
ANNUAL REPORT
STRUCTURE OF SBERBANK
GROUP'S LIABILITIES AND EQUITY UNDER IFRS
2011
RUB million
As of 31 December 2011
As of 31 December 2010
Change, %
Amount
% of amount
Amount
% of amount
Debt securities in issue
268,707
2.8
272,699
3.6
(1.5)
Due to other banks
Other liabilities
532,385
5.5
134,668
1.8
295.3
286,365
2.9
108,094
1.4
164.9
Total liabilities
9,567,128
100.0 7,641,360
100.0
25.2
The table below shows the breakdown of the Group's liabilities by
reportable segments.
RUB million
As of 31 December 2011
As of 31 December 2010
Change, %
Amount
% of amount
Amount
% of amount
Moscow
3,825,699
40.1
2,885,376
37.8
32.6
Central and northern regions of the
European part of Russia
2,045,324
21.5
1,776,676
23.3
15.1
Volga region and the south of the
European part of Russia
1,433,959
15.0
1,270,092
16.7
12.9
97
A
Urals, Siberia and the Far East
1,876,422
19.7
1,549,502
20.3
21.1
of Russia
Other countries
Total liabilities
349,521
3.7
146,145
1.9
139.2
9,530,925
100.0 7,627,791
100.0
25.0
financial results
Moscow and the European part of Russia account for 76.6% of the
Group's liabilities as of 31 December 2011 (77.8% in 2010).
he Group's liabilities increased 25.2% in 2011 to RUB 9,567.1
billion as of the end of the year. The increase was primarily driven
by a 18.4% growth in amounts due to individuals to RUB 5,726.3
billion and a 21.4% growth in amounts due to corporate customers
to RUB 2,205.8 billion. Other borrowed funds grew 42.5% in 2011
as a result of the Group raising a syndicated loan from a consortium
of foreign banks. There was also growth of amounts due to other
banks (295.3%) and other liabilities (164.9%) in 2011.
Change, %
RUB million
As of 31 December 2011
As of 31 December 2010
Amount
% of amount
Amount
% of amount
Due to individuals
5,726,319
59.9
4,834,459
63.2
18.4
Due to corporate customers
2,205,814
23.1
1,816,672
23.8
21.4
Subordinated debt
303,518
3.2
303,513
4.0
Other borrowed funds
244,020
2.6
171,255
2.2
42.5
INTERNATIONAL BORROWINGS
In June 2011, the Group placed the seventh issue of its medium-term
borrowing (MTN) programme on the international financial markets.
In November, Sberbank raised a multi-currency syndicated loan from
a consortium of foreign banks. The loan was received in two tranches
in two different currencies: USD 1.06 billion and EUR 0.1 billion.
In October 2011, the Group repaid a syndicated loan of USD 1.2 billion
from a consortium of foreign banks. In November 2011, the Group
repaid the second issue of loan participation notes issued under the
MTN programme in the amount of USD 0.75 billion.
The nominal amount of Sberbank's international borrowings as of the
end of the reporting year was CHF 0.4 billion, EUR 0.1 billion and
USD 7.8 billion, with USD 4.75 billon and CHF 0.4 billion raised under
the MTN programme.
The share of international borrowings in the Group's funds continues
to be insignificant at about 4.3% of total liabilities
The main parameters of the Group's international borrowings as of 31
December 2011 are shown below.
170 YEARS. IT'S JUST THE BEGINNING
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