Sberbank's net profit for the 10 months of 2024 increased by 5.2% compared to the same period last year and amounted to 1.32 trillion rubles. Net profit in October amounted to 134.2 billion rubles, return on equity of 24.2%. This is stated in the bank's message.
Sberbank's net interest income increased by 13.2% year-on-year to RUB 2.1 trillion. Net interest income increased by 2.6% in October compared to the same period in 2023. Net commission income for January–October of this year increased by 6.9% to RUB 615.2 billion.
Expenses on reserves and revaluation of loans in January–October increased by 2.4% and amounted to 565.3 billion rubles. Operating expenses for the same period increased by 17.6% to 784.8 billion rubles. The cost-to-income ratio was 26.6%.
Funds of individuals exceeded 26.5 trillion rubles and increased by 1.6% over the month. Since the beginning of the year, customer funds have grown by 17.3% (+16.2% excluding currency revaluation).
Funds of legal entities increased by 0.9% over the month to 12.5 trillion rubles (+0.2% excluding currency revaluation). Since the beginning of the year, the growth was 14.7% (+12.3% excluding currency revaluation).
The retail loan portfolio grew by 0.8% over the month and by 11.9% since the beginning of the year to RUB 17.4 trillion. In October, 405 billion rubles of loans were issued to private clients.
The portfolio of housing loans has grown by 7.7% since the beginning of the year or 0.9% in a month and amounted to 10.9 trillion rubles. In October, the bank issued 206 billion rubles of mortgage loans.
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.
