Net profit of Sberbank under RAS in 2017, increased by 30.4%
Net profit of Sberbank SBER , the company in 2017, increased by 30.4% compared with the year 2016 – to 674,115 billion rubles without taking into account events after the reporting date (spod), it follows from the statements of the Bank.
The Bank’s profit growth in 2017 compared with the figure for 2016 is subject to the PAYG (498,289 billion) amounted to 35.3%.
In December the savings Bank has obtained 49.9 billion rubles of net profit.
Bank’s net interest income increased compared to the previous year by 7.7% and exceeded 1.2 trillion rubles. The main drivers of growth of this indicator during the year was the decline in interest rates on borrowed funds of clients and growth of the retail loan portfolio.
Lending in 2017, increased by 13.6%, corporate sector – by 5.8%. Loans to individuals grew by 1 January until 4,925 trillion rubles from 4,337 trillion rubles at the beginning of last year, the volume of corporate loans rose to 11.99 trillion rubles from 11,333 trillion rubles.
In December the Bank issued a record amount of loans – about 1.8 trillion rubles for legal entities and more than 270 billion rubles to individuals.
“By the end of 2017, the Bank reported record lending, which led to the growth of the portfolio above the market and significant growth in fee income. In addition, the Bank improved the efficiency, reaching targets to curb growth in operating expenses below the rate of inflation. As a result, the return on assets increased to 3.1%, and return on equity to 21.9%”, – stated in the message.
The deposits of physical persons in the savings Bank for the year 2017 by 5.9% to 12,125 trillion rubles on January 1, 2018, funds of legal entities – by 4.5% to 5,643 billion rubles.
“In December, the funds of corporate customers increased by 0.5% and reached 5.64 trillion rubles. Individuals ‘ funds grew over the month at 546 billion or 4.7% to 12.1 trillion rubles mainly due to the funds in the accounts of Bank cards. In General, during the year the attracted funds of clients increased by 5.4% to 17.8 trillion rubles and constitute 89% of the Bank’s obligations”, – stated in the message.