Sber earned RUB 304.5 billion in 3-month IFRS net profit

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AK&M 04 May 2021 16:30

IFRS net profit of Sberbank for 1Q21 amounted to RUB 304.5 billion (+152.7% YoY). Earnings per ordinary share amounted to RUB 14.19 (+153.4% YoY), as follows from the bank's interim condensed consolidated financial statements.

The Group's aggregate loan portfolio amounted to RUB 25.5 trillion at the end of the first quarter increasing by 2% for the 3-month period. Retail loan portfolio increased by 3.9% to RUB 9.7 trillion, corporate loan portfolio by 0.8% to RUB 15.8 trillion.

The bank's net interest income for 1Q21 increased by 13.3% YoY to RUB 421.5 billion. 3-month interest income increased by 5.8% YoY to RUB 617 billion.

Total capital increased by 5% to RUB 5,261.4 billion in the first quarter of 2021. The group's risk-weighted assets increased by 0.9% reaching RUB 34,421.2 billion at the end of the 3-month period.

Sberbank of Russia (tax number: 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the principal lender to the Russian economy and has the highest share in the market of deposits. Sberbank provides services to customers in 18 countries. The bank has the most extensive branch network in Russia, with about 14,000 points of services. Sberbank's foreign network consists of subsidiaries, branches and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China and other countries.

The bank's authorized capital is RUB 67.76 billion. It consists of 21,586,948 thousand common shares and 1 billion preferred shares with a face value of 3 rubles each. The Russian Federation represented by the Ministry of Finance is the majority owner holding a 50% stake plus 1 voting share. Russian and international investors own the remaining 50% less 1 voting share.