Sberbank's net profit for the 12 months of 2024 according to RAS amounted to 1.56 trillion rubles, which is 4.6% more than the previous year. In December, the Savings Bank earned 117.6 billion rubles. net profit (+1.7% YoY), return on equity was 20.1%. This is stated in the message of the bank.
Net interest income for the 12 months of 2024 amounted to 2.62 trillion rubles, which is 12.4% higher than the result of 2023. Net interest income grew by 9.4% in December. Net fee and commission income for the reporting period increased by 4.2% to 746.4 billion rubles.
Expenses on reserves in 2024 increased by 12.3% and amounted to 714.7 billion rubles. In December, this figure dropped to 1.4 billion rubles.
Last year, operating expenses increased by 16.3% to 979.7 billion rubles. In December, operating expenses amounted to 111.7 billion rubles and increased by 12.1%. The cost-to-income ratio for the 12 months of 2024 was 27.3%.
The retail loan portfolio decreased by 0.1% in December. Since the beginning of the year, the retail loan portfolio has grown by 12.4% and exceeded 17.5 trillion rubles. In December, 286 billion rubles of loans were issued to private clients.
The funds of individuals reached 27.6 trillion rubles and increased by 2.5% in a month. Since the beginning of the year, customer funds have grown by 21.9%. Funds of legal entities decreased by 3.5% in a month to 13.2 trillion rubles. Since the beginning of the year, the growth has been 20.9%.
Sberbank — Sberbank of Russia PJSC (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the main creditor of the Russian economy and holds the largest share in the deposit market. Sberbank's services are used by customers in 18 countries around the world. The Bank has a branch network in Russia: about 14 thousand service points. The bank'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 authorized capital of Sberbank is 67.76 billion rubles and consists of 21586948 thousand ordinary shares and 1 billion preferred shares with a nominal value of 3 rubles. The main shareholder of Sberbank is the Russian Federation represented by the Ministry of Finance of the Russian Federation, which owns 50% of the authorized capital of Sberbank PJSC plus 1 voting share. The remaining 50% minus 1 voting share of the bank's authorized capital is owned by Russian and international investors.