Sberbank's financial performance

2023

Sberbank climbed to second place in the ranking of the world's largest acquirers

Sberbank was in second place in the world ranking of the largest acquirers. In 2023, the Russian credit institution processed 47.03 billion transactions, which corresponds to 9.1% of the global value. Such data are presented in the Nilson Report study, the results of which were published in mid-October 2024. Read more here

Record dividends 752 billion rubles

Sberbank will pay 752 billion rubles. ($8 billion) in the form of dividends after in 2023 it received the largest profit in history, which indicates the health of the country's banking sector, despite Western sanctions, the FT wrote.

Payments to the largest Russian bank will amount to half of its profit for 2023, said the head of the bank German Gref on April 23, 2024. Half of the payment - 375 billion rubles - will go directly to the Russian budget.

Sberbank's share in the deposit market has become minimal in 15 years

According to statistics from the Deposit Insurance Agency (DIA), in 2023 the inflow of funds from the population to Sberbank turned out to be a record and amounted to 23.5%, citizens' deposits reached 22.6 trillion rubles. However, the share of the credit institution in the population deposit market decreased to 42.8%, which was the lowest value in the last 15 years. Such figures were published in mid-February 2024.

Sberbank itself noted that 2023 for the group became a record year in terms of raising funds - the portfolio of funds of individuals increased by 4.2 trillion rubles, the number of clients with fixed-term accounts increased by 1 million people, the new product "Accumulative Account" in the first two months after launch used more than 1.4 million customers.

Sberbank holds the largest share in the deposit market. The total share of Sberbank in the liabilities of individuals always remains at a stable level, and in the last 10 years it has remained in the range of 43.7% - 45.8%, - said in a statement to Sberbank.

According to Frank Media, December was a record in 2023 - the inflow of funds for the month amounted to 5.7%. Sberbank explained this growth by increasing the profitability of deposits. However, in order to get the maximum rate in Sberbank, the depositor must fulfill a number of conditions: the funds must be new for the bank, the depositor must be a salary client and the owner of the SberPrime + subscription. In terms of deposits, the increased rate is provided only when maintaining the balance at the level of 2 million rubles.

The growth of household deposits in 2023 is due to social and budgetary payments, as well as an increase in the level of interest rates. The main inflow of funds was received at the expense of deposits for up to one year - they banks offered the most attractive rates. Sberbank's share in the deposit market was the highest at the beginning of 2009 - 51.7%. Since then, the share has been declining from year to year.^[1]

Record net profit - 1.49 trillion rubles

In 2023, Sberbank's net profit under RAS amounted to a record 1.49 trillion rubles, which is almost 5 times more than in 2022 (300.2 billion rubles). The largest credit institution in Russia published such data on January 17, 2024.

It also follows from the materials of Sberbank that in 2023 the bank's net interest income reached 2.33 trillion rubles, which is 36.6% higher than the result of a year ago. The organization explained this "by the growing dynamics of business and the effect of the low base of the past [2022]." Sberbank's net commission income for the year increased by 16.6%, to 716 billion rubles. It was ensured by the growth of Sberbank's acquiring volumes and revenues from settlement and cash services.

Expenses on reserves and revaluation of loans measured at fair value in 2023 amounted to 636.4 billion rubles. The cost of risk excluding the impact of changes in exchange rates was 1.4% against 3.7% in 2022. The formed reserves exceed the overdue debt by three times.

In 2023, Sberbank increased operating expenses. For the 12-month reporting period, the indicator reached 842.7 billion rubles - 25.7% higher than in the previous year. At the end of 2023, the portfolio of funds of individuals exceeded 22.6 trillion rubles and increased by 4.3 trillion rubles. Sberbank also issued more than 20 trillion rubles of corporate and 8.3 trillion rubles of retail loans for the year. The retail loan portfolio added almost 30%, and the total portfolio of Sberbank grew by more than 26%.

2023 was a landmark year for our team - we identified key areas of strategic development. The focus on building a human-center model using artificial intelligence will become the basis for the long-term sustainability of our business and creating value for our shareholders, - said the head of Sberbank German Gref.[2]

More than 20 trillion rubles are stored on the accounts of Russians in Sberbank

The portfolio of ruble liabilities of the population in Sberbank exceeded 20 trillion rubles. This was reported to the bank on July 19, 2023.

They noted that Sberbank has observed a monthly increase in funds of individuals since the beginning of 2023. In June 2023, it amounted to 3.8%, in July a high growth rate remains, the press service of the credit institution noted. According to Sergey Shirokov, director of the Borrow and Save department of Sberbank, clients of a credit institution prefer to save in Russian rubles, and this trend will continue.

We have balanced deposit products with good conditions - customers see and appreciate it. This year, we began to charge interest on SberDeposit monthly, and the Best% deposit has become a convenient tool for those who want to transfer their savings from unfriendly currencies to rubles or from another bank to Sber, "Shirokov explained.

The number of retail clients of Sberbank in May 2023 amounted to 106.9 million people, and the number of active corporate clients for 5 months of 2023 increased by 2.6% to 3.1 million companies. The number of active monthly users (MAU) of SberBank Online (app + web) amounted to 79.8 million people (+ 1.2 million since the beginning of 2023), and daily users (DAU) - 41.4 million. The DAU/MAU ratio is 52%. The number of users of SberPrime subscriptions amounted to 6.1 million (+ 0.4 million since the beginning of the year).

The retail loan portfolio exceeded 13 trillion rubles and grew in May by 2.6%, and since the beginning of 2023 it has increased by 9.6%. In May 2023, more than 700 billion rubles were issued to private customers. The corporate loan portfolio exceeded 20 trillion rubles, showing an increase of 1.4% in May 2023. Portfolio growth since the beginning of 2023 amounted to 7.9% (+ 5.2% excluding currency revaluation^[3]

2022

First place in the ranking of European banks in terms of POS turnover

Sber for the second year in a row became the first in the ranking banks Europe in terms of - POS report. The bank announced this on July 27, 2023.

According to The Nilson Report with a rating of the largest credit cards debit and European issuers in POS turnover for 2022, Sberbank showed the highest growth in POS turnover: + 80.65 billion dollars USA (+ 13% year over year).

Moreover, Sberbank leads not only in POS-turnover ($425.15 billion US dollars), but also in the total turnover on cards, which amounted to 708.55 billion US dollars for 2022.

Шаблон:Quote 'author=said Dmitry Malykh, Senior Vice President, Head of Transaction Banking B2C, Sberbank.

Net profit under IFRS reached 270 billion rubles

The bank's net profit for 2022 amounted to 270.5 billion rubles - higher than forecasts of analysts and experts. At the same time, Sberbank increased capital by 3%, to 5.8 trillion rubles, and the basic capital adequacy ratio reached 14.8%.

Unlike RAS reporting, which is intended for accounting, IFRS reporting is aimed at traders and investors, since it discloses the most complete information about the company's activities and its financial position. Sberbank's shares at this time remain the most popular on the Moscow Exchange among private investors.

Return of $6 billion in assets from abroad

In 2022, Sberbank returned assets worth over $6 billion from abroad. This was announced by the head of the credit institution German Gref during a conference call for investors and analysts on March 9, 2023.

He explained that in 2022 Sber came out of a number of joint partnerships, sold subsidiary banks in Switzerland and Kazakhstan, settled the problem debt of Fortenova, and also curtailed operations with financial instruments in international markets.

According to German Gref, in 2022, Sberbank launched a program of anti-crisis measures. According to the press service of the bank, as a result of anti-crisis measures, the amount of savings exceeded 240 billion rubles, and operating expenses decreased by 1.5%, amounting to 822 billion rubles.

2022 was the most difficult year for our country and the banking sector... We implemented an anti-crisis plan: we radically revised priorities, introduced measures of the strictest savings, closed and sold international businesses, and also created all the necessary reserves for the loan portfolio and blocked assets, - said German Gref.

Sberbank's net expenses on creating provisions for credit risk, including revaluation of loans at fair value, reached 555 billion rubles last year, almost quadrupling the value for the previous year, the statement said.

On March 7, 2023, German Gref met with the president, RUSSIAN FEDERATION Vladimir Putin they discussed the activities of the bank. Gref said that Sberbank "had a very difficult period," but, according to him, the bank "ended its loss-making period."

In 2022, the bank increased capital by 3%, to 5.8 trillion rubles. The number of its active clients - individuals amounted to 106.7 million people, and the number of active corporate clients exceeded 3^[4]

Decrease in net profit by 75.7% under RAS to 300 billion rubles

At the end of 2022, Sberbank earned 300.2 billion rubles of net profit, while in 2021 profit was measured by a record amount of 1.24 trillion rubles. Thus, the indicator decreased by 75.7%. The data in accordance with Russian accounting standards (RAS) were published by the state bank in January 2023.

At the end of 2022, Sberbank's retail loan portfolio grew by 12.9%, to 12 trillion rubles, since the main driver of the bank was mortgage. Its growth accelerated due to possible changes in state support programs, which were supposed to be announced at the end of 2022. It is noted that the main driver of portfolio growth was mortgage: at the end of 2022, the portfolio of housing loans amounted to 7.7 trillion rubles, an increase of more than 20% over the year.

The growth of the bank's net interest income in 2022 amounted to 5.2% against the background of an increase in the volume of operating assets and the normalization of attraction rates. Net commission income increased by 6.2%, to 614.8 billion rubles.

The funds of individuals of Sberbank increased by 8.2% in 2022, exceeding 18.3 trillion rubles. The bank's corporate loan portfolio increased by 12.4%, amounting to 18.8 trillion rubles. Funds of legal entities increased by 0.7%, to 8.7 trillion rubles.

The quality of the loan portfolio remains stable. The share of overdue debt decreased by the end of 2022 amounted to 2.2%, which is below the level of the end of 2021.

Sberbank said that it with a margin fulfills all restrictions on risk appetite according to capital adequacy standards.

The bank's results were achieved without using Bank of Russia concessions for credit institutions (such as fixing the exchange rate, the value of securities, preferential reservation on loans to individual companies, and others), - follows from the materials of the credit institution.

According to the head of the bank, German Gref, who are given in the bank's message, 2022 has become a serious test of Sberbank's ability to respond to external challenges and quickly rebuild business and technologies.^[5]

2021

Sberbank assets grew by 15% and reached 38 trillion rubles

By the end of 2021, Sberbank's assets reached 38 trillion rubles, an increase of 15% excluding foreign exchange valuation. The credit institution announced the results of the year in mid-January 2022.

Sberbank at the end of 2021 increased its net profit under RAS by 1.7 times compared to 2020, to 1.24 trillion rubles. The figure exceeded 1 trillion rubles.

Sber issued loans to corporate customers for 14.4 trillion rubles in 2021. Citizens borrowed 5.9 trillion rubles from the bank, which is 1.4 times more than in 2020. State and own preferential programs have significantly increased the availability of mortgages for the population and contributed to a record growth in the mortgage portfolio by 29%, said Alexander Buriko, financial director of Sberbank.

Citizens' funds in 2021 increased by 9.1% excluding currency revaluation and exceeded 17.1 trillion rubles. According to the results of the year, the funds of legal entities increased by 15.2% and reached 9 trillion rubles. In total, customer funds for the year increased by 2.6 trillion rubles and exceeded 26 trillion rubles.

Operating expenses of Sberbank in 2021 amounted to 706.2 billion rubles, which is 8.8% more than in 2020. Sberbank noted that this growth is comparable to the level of annual inflation in Russia.

Expenses on reserves and revaluation of loans assessed at fair value for 2021 amounted to 111.6 billion rubles, which is 5.5 times less than expenses in 2020, when significant reserves were due to the deterioration of the macroeconomic situation due to the COVID-19 coronavirus pandemic.

Total capital grew by 1.62% to 5.15 trillion rubles, mainly due to earned net profit.

The reporting also notes that the number of active subscribers of SberPrime has grown more than 10 times to 4.25 million.^[6]

Growth in the volume of domestic Russian business by 60% to 3.2 trillion rubles.

The trade Group's domestic financing business Sberbank at the end of 2021 exceeded RUB 3.2 trillion, which is 60% more than in 2020. Sberbank announced this on December 24, 2021.

The volume of transactions with domestic letters of credit of legal entities increased by 70% compared to last year. Corporate clients carry out letter of credit transactions electronically through their personal account in the Internet bank SberBusiness. For customers, full support of transactions using different communication channels has been organized, including through a new video service channel for the bank. The introduction of a product factory for domestic letters of credit of legal entities made it possible to fully automate the process of opening letters of credit online. Boxed solutions allow you to issue certain types of letters of credit completely online in a few seconds, in 2021 their number increased 2.5 times.

With the support of the professional banking and business community, Sberbank is promoting an initiative to use letters of credit and escrow accounts in public procurement. The proposed solution will minimize the problem of late payments in public procurement and provide additional funding to participants.

In 2021, letters of credit from individuals received active development. The remote opening service for such letters of credit is available in the mobile application to both the payer and the recipient of the letter of credit. The number of transactions grew by more than 40%. The tool of safe calculations is used to purchase expensive goods - real estate, shares, shares in business, art, furniture, etc.

Sberbank has strengthened its position in the Russian escrow account market used in residential real estate transactions. The balance on escrow accounts exceeds 1.5 trillion rubles. Since the beginning of 2021, more than 300 thousand customers have bought apartments using this mechanism at Sberbank, securing the deal. In addition, during the year, the first escrow accounts were opened within the framework of individual housing construction, and the functionality for developers working in SberBusiness was expanded: customers can sign individual terms for escrow accounts in electronic form, as well as see all the necessary information online in various sections.

One of the main priorities in the work bank is the development of digital services and implementation. artificial intelligence The sale of letters of credit is carried out using AI a -model, which Global Finance magazine recognized as the world's best AI solution for trade financing.

{{quote 'author=said Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank. |

Sberbank is changing rapidly, and business trade financings is a vivid example of this. The digital platform and artificial intelligence allow us to offer customers solutions that are most tailored to their needs. All letters of credit and escrow are opened online through a personal account in the Internet SberBusiness bank or in the SberBank Online mobile application. We support the business of clients around the world and see the huge potential of using trade finance tools in various areas of our clients' activities,}}

The volume of international trade finance transactions exceeded $31 billion

Sberbank December 24, 2021 shared the results of work in the direction trade financings in 2021. The total amount of international transactions in this segment exceeded 31 billion with an $ USA increase of 1.6 times by 2020.

Trade finance products are available to customers throughout countries Sberbank Group's presence, which actively supports foreign trade - RUSSIAN FEDERATION transactions with counterparties from 85 countries took place during the year using trade finance tools. The volume of international letters of credit and guarantees for the year increased by 32%. By, to data SWIFT Sberbank ranks first among the Russian banks volume of imported letters of credit and in the number of export letters of credit.

Sberbank is one of the leaders in transactions with the Russian Export Center (REC) and EXIAR. As part of export support, since the beginning of the year, transactions have been implemented with subsidies from REC in the amount of about $3 billion. USA

In Switzerland, based on Sberbank (Switzerland) AG, the Group develops Commodity Trade Finance (Commodity Trade Finance), constantly improving its customer service and offering the best expertise on the Russian and CIS markets to international traders. In 2021, the volume of this business doubled. The main amounts of financing fell on petroleum products and petrochemicals, metals, grains and fertilizers.

{{quote 'author=said Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank. |

Sberbank pays great attention to supporting foreign trade operations of customers. In 2021, thanks to the significant digital transformation of the trade finance business in Sberbank, we increased not only quantitative, but also qualitative performance indicators: we significantly reduced the terms of service provision, expanded the scale of the business and the range of digital services for our customers. I thank you for the fruitful joint work of our partners - EXIAR and REC,}}

Deposit market share 45% or 16.4 trillion rubles

The retail block of Sberbank in December 2021 spoke about the results of the year.

• the number of active customers exceeded 104 million people (+ 3% increase)

• the monthly audience of the Sberbank Online mobile application is 73 million people (+ 10.3% per year) - the 4th place in the world among all financial applications

• the portfolio of household deposits reached 16.4 trillion rubles. (+ 6.5%), and the share of the deposit market - 45%

• in consumer lending, a record volume of disbursements was noted - 2.6 trillion rubles. (+ 39%). Sberbank's market share increased and reached 36.7%

• the volume of mortgage loans was also a record - 2.9 trillion rubles. (+ 38%). Of these, 458 billion rubles. issued under the program "State Support 2020" and 162 billion rubles. - on the "Family Mortgage"

• the number of transactions through acquiring Sberbank for the year increased by more than 30% and reached 30.3 billion units. At the end of 2020, the bank took 3rd place in the ranking of the largest acquirers in the world according to The Nilson Report

• finally, in 2021, Sberbank made the largest social payments in history in accordance with the decrees of Russian President Putin: almost 40 million people received a total of 468 billion rubles.

Recommendation on dividend payment in the amount of 422.4 billion rubles

The Supervisory Board of Sberbank PJSC recommended that the Annual General Meeting of Shareholders decide to pay dividends for 2020 in the amount of 422.4 billion rubles, at the rate of 18.7 rubles per share. Sberbank announced this on March 19, 2021. Dividends in the same amount were paid by Sberbank to its shareholders for 2019, and this amount became a record dividend payment for Russia.

If the Annual General Meeting of Shareholders decides to pay dividends, half of this amount - 211.2 billion rubles - will go to the country's budget.

"We will pay 56% of our net income - a record percentage dividend and the same amount as last year. The annual meeting of shareholders is scheduled for April 23, so payments to shareholders and, accordingly, to the budget will begin to arrive in May, "said German Gref, President and Chairman of the Management Board of Sberbank.

According to the Dividend Policy until 2023, Sberbank plans to further direct at least 50% of net profit to dividends.

2020

Revenue from Sberbank's non-financial business increased 2.7 times

Revenue from Sberbank's non-financial business in 2020 increased 2.7 times compared to the previous year - to 71.4 billion from 26.4 billion rubles. This is stated in the statements of the credit institution compiled in accordance with IFRS. Read more here.

Record increase in income from commissions for transfers of individuals

In 2020, Sberbank increased revenue from commissions for transfers to individuals to a record 71.1 billion rubles. This is 48% higher than a year ago. This is evidenced by the data of the financial statements under RAS.

We are talking about income from non-cash transfers and payments for which retail clients themselves pay, including for the transfer of funds, for example, for housing and communal services, clarified in RBC.

The growth in income from commissions for transfers of individuals is associated with several factors:

• an increase in the number of non-cash payments as a result of the pandemic and restrictive measures;
• launching "new products, including the ability to transfer funds from a credit card to a debit card";
• the introduction by the bank of a commission for any transfers in the amount of more than 50 thousand rubles per month;
• the COVID-19 coronavirus pandemic, due to which Sberbank customers could more often than usual transfer money online to their loved ones in order to minimize contacts and not use cash.

Commissions for the transfer of funds from credit cards and the introduction of limits helped Sberbank compensate for the loss of income from the cancellation of "banking" and roaming connection to the Fast Payment System, said ACRE Mikhail Polukhin, deputy director of the financial institutions ratings group.

As the newspaper notes, Sberbank recorded a high increase in commission income back in mid-2020. Then this was explained by a new model of charging online transfers. The bank introduced a fee for any transfers in the amount of more than 50 thousand rubles per month - this is either a commission in the amount of 1% of the transaction size, but not more than a thousand from the transfer, or a subscription that costs from 99 to 209 rubles per month.

At the same time, the bank noted that 90% of clients "use transfers absolutely free of charge, since 50 thousand rubles satisfy their needs for transfers."^[7]

Sberbank's profit fell 7.7% to 781 billion rubles

Net profit of Sberbank in 2020 amounted to 781.6 billion rubles, which is 7.7% less than a year earlier. At the same time, excluding events after the reporting date, net profit for 2019 amounted to 870.1 billion rubles, which corresponds to a drop in this indicator in 2020 by about 10.2%, the Russian Information Agency notes TASS.

Sberbank expected to receive a net profit of 1 trillion rubles in 2020, but after the start of the COVID-19 coronavirus pandemic, when profits began to decline amid rising costs to cover credit risks, the bank admitted that it would not be possible to fulfill the task.

Sberbank cited the following performance indicators for 2020:

• return on equity was 16.5% and return on assets was 2.6%;
• credit portfolio of legal entities grew by 16.1% or 9.1% excluding currency revaluation;
• retail loan portfolio grew by 17.0% over the year, including mortgage loans - by 21.2%;
• customer funds growth for the year amounted to 16.0% or 10.4% excluding currency revaluation;
• assets at the end of 2020 increased by 19.7% or 14.7% excluding currency revaluation and as of January 1, 2021 amounted to 33.1 trillion rubles.

Net interest income of Sberbank in 2020 increased by 14.3% compared to 2019 and amounted to 1.44 billion rubles. The growth of this indicator in a credit institution is associated with a high growth rate of lending, a decrease in the cost of client funds following the dynamics of the key rate and a decrease in the rate of contributions to the compulsory deposit insurance fund.

Member of the Board, Senior Vice President of Sberbank Alexandra Buriko, commenting on the financial results, notes the active development of digital services, which ensured the continuous provision of non-financial and financial services, as well as the participation of a credit institution in the restoration of the country's economy.^[8]

Capitalization $82.1 billion

The amount of trade finance transactions and documentary operations since the beginning of the year amounted to $54.5 billion

On December 29, 2020, Sberbank announced the results of work on the direction of trade financing in 2020. The total amount of trade finance transactions and documentary operations since the beginning of the year amounted to 54.5 billion US dollars, and the volume of transactions in domestic Russian trade increased by 70% over the year.

Trade finance products are available in 18 countries where Sberbank Group operates, and there has been a threefold increase in the volume of transactions between the Group members. International transactions using trade finance instruments are signed with companies and counterparties from more than 80 countries.

Commodity Trade Finance (CTF) is actively developing in the subsidiary Sberbank (Switzerland) AG. The volume of CTF transactions increased by 45% compared to 2019, the supply of more than 20 million tons of goods: grain, oil products, metals and fertilizers was financed. CTF products allow customers to raise financing on the security of the exported goods, followed by repayment of the loan from the incoming revenue.

To implement pre-export and investment financing as part of the creation of export-oriented production facilities, Sberbank submitted applications to the Russian Export Center JSC for concluding agreements on the provision of subsidies for transactions in the amount of 118 billion rubles.

Since the beginning of the year, more than 200 thousand escrow accounts have been opened in the bank, and the balance of funds on them exceeded 630 billion rubles, which is 8 times higher than last year. The service for remote opening of letters of credit and escrow accounts, which integrated the bank's systems with internal customer systems via SberAPI, reduced the time for concluding transactions from several days to several seconds. More than 85% of escrow accounts for December 2020 open online.

The number of transactions using letters of credit in small and micro businesses has more than doubled. This was facilitated by the development of simple boxed solutions and the start of a training project on the Business Environment platform.

Individuals can now open letters of credit in the SberBank Online mobile application. The number of such transactions has doubled over the year: letters of credit are used to purchase real estate, shares, shares in business, art, payment for services, and so on.

100% of transactions with corporate clients using letters of credit are also carried out electronically in the SberBusiness mobile application. Redesign and automation of processes made it possible to reduce the period for issuing letters of credit to 10 minutes and make payments on the same day.

2020 was the year of further progressive development of trade finance and documentary operations in Sberbank Group. We have increased not only quantitative, but also qualitative performance indicators: at times, tens and hundreds of times reduced the speed of providing a number of our services, expanded the scale of the business and the range of our services, which we by default, if possible from the point of view of legislation, make digital and seamless, - Evgeny Kravchenko, Director of the Department of Trade Finance of Sberbank.

AI transformation has opened up the possibility of using the bank's big data to determine the niches of trade finance development. Machine learning methods are used on a country-unique volume of data on domestic and international customer transactions, including information on trillions of payments for tens of billions of commercial business connections. The recommendation systems based on this data allow us to better determine the needs of customers in ensuring secure settlements with Russian and international letters of credit and financing of trade transactions.

Payment of record dividends in Russia: 422.4 billion rubles

On October 20, 2020, Sberbank announced the start of dividend payments for 2019. Shareholders of the credit institution will receive a total of 422.4 billion rubles, which is a record figure in the entire history of Russia. At the same time, the budget of the Russian Federation will receive 211.2 billion rubles, since the government is the largest shareholder of Sberbank.

From the message of Sberbank it follows that the payment to nominal holders and professional participants in the securities market was made no later than 10 working days from the date of closing the register for the payment of dividends, namely October 19, 2020.

The payment of dividends to other persons registered in the register of shareholders will be made no later than 25 working days from the date of closure of the register, that is, until November 10, 2020.

In 2019, Sberbank paid 361.4 billion rubles of dividends to shareholders. This is less than in 2020 in absolute terms and in terms of the share of income - 43.5% of net profit according to international financial reporting standards (IFRS).

The previous record of the Russian stock market for dividends belonged to Gazprom. At the end of 2018, the gas monopolist paid 383.2 billion rubles. In 2020, the company suffers record losses in recent years due to lower exports and the collapse of fuel prices and will pay 360.8 billion rubles.

Sberbank has a fairly high capital adequacy, which allows you to pay dividends. Probably, Sberbank really wants to increase its capitalization. Investors love when banks pay high dividends in a recession of the economy. High dividend yield is a key factor in investment attractiveness, "Sergei Suverov, investment strategist at Arikapital Management Company, told RBC.

Earlier, the head of Sberbank, German Gref, said that "there is no second bank in the world, in general, a second company that would allow itself dividends of 423 billion rubles during such turbulence."^[9][10]

2019: Net profit - 870.1 billion rubles

Sberbank reported financial on the results for December and 2019.

In December 2019, the bank earned a net profit of 55.9 billion rubles. For the first time in a month, clients were issued loans worth more than 2.5 trillion rubles. The historical maximum has been reached in the issuance of retail loans - more than 340 billion rubles, and in the issuance of corporate loans - 2.2 trillion rubles. In December, the transaction of securitization of mortgage loans for 24 billion rubles was also closed.

Over the year, the bank earned 870.1 billion rubles. net profit excluding events after the reporting date. The total volume of loans issued for the year to customers amounted to 16.3 trillion rubles. The portfolio of loans to individuals grew by 17.4% over the year. The growth of customer funds excluding currency revaluation for the year amounted to 4.4%.

Net profit of Sberbank for 2019 excluding events after the reporting date amounted to 870.1 billion rubles. The bank showed a steady growth of the loan portfolio in real terms by 6.8%. The funds of individuals increased by 6.6%, while their cost decreased markedly. This provided substantial support to net interest income growth both in Q4 and for the year as a whole. The return on capital of Sberbank at the end of 2019 amounted to more than 20%, which gives reason to confidently look at the implementation of the goals of the Strategy 2020, - Deputy Chairman of the Management Board of Sberbank Alexander Morozov.[11]

2018

Net profit growth by 11.1% to 831.7 billion rubles

• Net profit of the Group in 2018 amounted to RUB 831.7 billion, an increase of 11.1% compared to 2017;
• Profit per ordinary share from continuing operations amounted to RUB 38.13, showing an increase of 15.4% compared to 2017;
• Return on capitali reached 23.1% and return on assets 3.2%;
• Net commission income increased by 18.1% to RUB 445.3 billion compared to 2017;
• The Group's loans before provision for impairment (including loans measured at amortised and fair value) increased by 16.5% to RUB 21.1 trillion. The retail loan portfolio grew by 25.0% to RUB 6.8 trillion. and the corporate portfolio - by 12.9% to RUB 14.3 trillion. for the year.

Sberbank accounts for more than 41% of remittances in Russia

According to the annual report of the Central Bank, the share of transfers through the Sberbank payment system in the Russian market in 2018 amounted to 41.2%.

In the total volume of transfers in payment systems, 41.2% accounted for transfers made through the socially significant Sberbank payment system, the Central Bank said in a document.[12]41.2[13]

Growth of the portfolio of loans to individuals by 25.3% to 6.2 trillion rubles

On March 26, 2019, Sberbank announced the results of its retail business in 2018, demonstrating steady growth in the main areas as a result of increased attention to the quality of customer experience and improvement of digital service channels.

Key operating and financial indicators for 2018: sustainable growth across all business lines

The number of active clients - individuals of Sberbank in 2018 increased by 8% (or 6 million people), coming close to the mark of 93 million people. According to the results of 2018, the portfolio of loans to individuals showed an increase of 25.3% on an annualized basis and exceeded 6.2 trillion rubles, while the mortgage portfolio grew by 25% over the year and exceeded 3.6 trillion rubles. The growth of the credit card portfolio amounted to 15% and reached 634 billion rubles, and the growth of the consumer loan portfolio amounted to 30%, reaching 1.9 trillion rubles at the end of 2018.

According to the results of 2018, the deposit portfolio of individuals grew by 7% and amounted to 12.8 trillion rubles. The increase for the year in term deposits of individuals amounted to 5%, and for current deposits it is 15%.

The number of active users of Sberbank's digital service channels (mobile application + web) in 2018 increased to 60 million people, which is 28% more than in 2017. As of March 2019, two-thirds of customers actively use the Sberbank Online ecosystem of digital products and services . The share of product sales in digital channels in 2018 increased to 37%.

Major Initiatives and Events for 2018: Digital Channels Win Customers

2018 was marked by a significant increase in the use of Sberbank Online's mobile application and personal account as the main channel for customer interaction with Sberbank.

In October 2018, following the strategy of digitalization of banking services and the gradual abandonment of plastic cards, Sberbank presented a fully digital debit card that can be issued and activated to Sberbank Online. Since launch, customers have issued more than 600 thousand digital cards.

At the end of the year, debit card sales to Sberbank Online increased 3 times - to 20% from all debit cards. The use of the card blocking function has doubled. In March 2019, Sberbank introduced a service for changing the PIN code to Sberbank Online, which is also expected to contribute to the growth in the use of the bank's digital ecosystem.

The procedure for obtaining a consumer loan in the application and personal account of Sberbank Online in 2018 was improved, the number of necessary actions to obtain a loan and the time of the bank's response were significantly reduced. Every second client of Sberbank issues a consumer loan to Sberbank Online, which corresponds to 25 thousand applications daily.

The demand for payment of traffic police fines through Sberbank Online doubled in 2018. The service allows you to receive basic information about the fine in a single interface, as well as track the status of its repayment.

In 2018, Sberbank began advising clients through chats at Sberbank Online. As of March 2019, this channel hosts more than 1 million sessions per month. 20% of calls through chat are automatically processed using chat bots.

At the end of the year, 63% of multifunctional centers of public services (MPSC) in Moscow accept non-cash payments through Sberbank, the service is available in 12 regions of Russia.

For customers of the premium service network Sberbank The first in 2018 introduced a new digital service "Sberbank Assistant," which today is used by every fifth client. The service offers a wide range of services and opportunities for wealthy clients and allows you to give instructions to your personal manager in the most convenient and fast form.

2017

Net profit under RAS 674 billion rubles (+ 30 %)

In 2017, Sberbank's net profit under RAS excluding events after the reporting date amounted to 674 billion rubles, an increase of 30% compared to the same indicator in 2016. Also over the past year, the bank issued a record volume of loans.

Net profit growth by 38.2% to 748.7 billion rubles

• Sberbank Group increased net profit by 38.2% compared to 2016 to 748.7 billion rubles.
• Profit per ordinary share amounted to 34.58 rubles, showing an increase of 38.3% compared to 2016 . Return on equity reached 24.2%, compared to 20.8% a year earlier. Return on assets rose to 2.9%, up from 2.1% in 2016.
• Net commission income increased by 12.9% y/y to 394.2 billion rubles, mainly due to transactions with bank cards.
•  The Group's loan portfolio before provision for impairment grew by 6.6% in 2017 to RUB 19.9 trillion, including an increase in loans to individuals - by 13.6% to RUB 5.7 trillion, mainly due to an increase in the mortgage portfolio by 16.0% over the year.
•   The Basel III Tier 1 basic capital adequacy ratio was 11.4% year-on-year, which is 120 bps  higher than in 2016.

2016: Net profit growth 2.4 times to 541.9 billion rubles

In 2016, Sberbank increased net profit under IFRS 2.4 times - to 541.9 billion rubles from 222.9 billion rubles a year earlier.

2012: Decrease in net profit by 19% to RUB 290 billion

The Group's net profit for 2014 was RUR 290.3 billion, down 19.8% from RUR 362.0 billion in 2013. The decrease in net profit for 2014 compared to 2013 is mainly due to a significant increase in expenses from the creation of a provision for impairment of the loan portfolio. As of December 31, 2014, the Group's total assets reached RUB 25,200,8 billion, an increase of 38.4% compared to December 31, 2013.

2012: Gref expects earnings growth

As the head of the bank German Gref noted on November 22, 2012, Sberbank's profit will be higher in 2012 compared to 2011. Gref did not specify how much the bank plans to receive in 2012.

In the first ten months of 2012, Sberbank increased its net profit under RAS (Russian accounting standards) to 297 billion rubles. A year earlier, in January-October, the same figure amounted to 276 billion rubles^[14].

In 2013, Sberbank expects to receive a net profit of $13 billion. This was announced in November 2012 by German Gref. At the current exchange rate of the Central Bank (November 2012), Sberbank's profit in 2013 may amount to about 405 billion rubles.

2011: Profit - 321 billion rubles, the volume of deposits of citizens increased by 18%

In 2011, Sberbank received a record net profit in its history - according to ISFR (international standards of the financial reporting) standards, it reached 315.9 billion rubles.

The volume of deposits of citizens from Sberbank, which received a record 321.9 billion rubles in 2011. Net profit, increased by 18.1%, while the annual forecast of the Deposit Insurance Agency for this indicator as a whole in the system - 22%. In fact, half of Sberbank's annual growth was provided by December revenues of budget funds and bonus payments, and in order for these funds not to flow into deposits of other banks in January^[15] is already taking measures^[15] a partially^[15].

According to preliminary data for 2011, the divisions of Sberbank and Troika Dialogue on operations in financial markets jointly received income in the amount of more than 22 billion rubles, of which about 8 billion rubles. accounted for trading operations with securities, about 6 billion rubles. - for conversion operations and operations with precious metals. Preliminary income received in 2011 in the field of investment banking services amounted to about 3.4 billion rubles.

Notes