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Sberbank Posts 9M 2013 Financials
27.11.2013 12:28
Sberbank Posts 9M 2013 Financials
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Sberbank has posted an interim consolidated financial statement for the nine months of 2013.

      According to the IFRS report, net profit is up 2.1 percent totaling RUR 268.3 billion. “Net interest income increased by 23.7% for 9m 2013 to RUB 623.3 bn, compared to RUB 503.8 bn for 9m 2012. Excluding the effect of DenizBank acquisition in 3Q 2012, the Group’s Net interest income increased for 9m 2013 by 15.6% year-on-year,” reads the paper.

      Among other key financials are the total assets which amounted to RUR 16,689.4 billion, up 10.5 percent compared with 2012. The growth was mainly driven by loans which saw a 12 percent increase to RUR 11,760.6 billion. Within the nine months of 2013, the proportion of non-performing loans remains stable and accounted to 3.3 percent as of 30 September 2013, compared with 3.2 percent a year earlier.

      The full report is available here.

      Sberbank of Russia is the largest bank in Russia and CIS. The founder and principal shareholder is the Central Bank of Russia, which owns 50 percent of the Bank's authorized capital plus 1 voting share. The rest of the shares are held by international and domestic investors. The Bank's ordinary and preferred shares have been publicly traded in Russia since 1996, and the American Depositary Shares (ADS) were listed on the London Stock Exchange, admitted to trading in Frankfurt Stock Exchange and over the counter in the US.

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Author: Mikhail Vesely

Tags: Sberbank Russian banks    

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