Sberbank's net profit for the first seven months of 2024 increased by 6.0% YoY to 909.9 billion rubles. with a return on equity of 23.3%. In July, the Savings Bank earned 141.2 billion rubles. net profit (+8.2% YoY), return on equity – 25.6%. This is stated in the bank's message.
Net interest income for the first seven months of 2024 increased by 15.8% YoY to 1,456.8 billion rubles. The growth of net interest income in July amounted to 9.6% yoy against the background of an increase in the volume of operating assets.
Net fee and commission income for the first seven months of 2024 increased by 9.1% YoY to 420.3 billion rubles. In July, the growth was 5.9% yoy.
Operating expenses increased by 20.7% YoY in the first seven months of 2024 to RUB 535.7 billion. In July, operating expenses amounted to 88.7 billion rubles and increased by 23.5%. The cost–to-income ratio for the first seven months of 2024 was 27.4%, and in July it was 29.7%.
The values of the basic and fixed capital decreased by 13.0% and 12.7% over the month and amounted to 5.1 and 5.3 trillion rubles, respectively, as of August 1, 2024. The total capital of the bank decreased by 10.2% in a month to 6.2 trillion rubles.
The retail loan portfolio grew, excluding securitization, by 1.3% over the month and by 8.0% since the beginning of the year to RUB 16.9 trillion. In July, 577 billion rubles of loans were issued to private clients.
The portfolio of housing loans increased, excluding securitization, by 0.9% over the month and by 4.5% since the beginning of the year to RUB 10.7 trillion. In July, the bank issued 208 billion rubles of mortgage loans.
The consumer loan portfolio grew by 1.2% over the month. Since the beginning of the year, the volume of the portfolio has increased by 7.7% to 4.1 trillion rubles, and disbursements in July amounted to 281 billion rubles.
Funds of individuals exceeded RUB 25.5 trillion and increased by 0.7% over the month (+0.6% excluding currency revaluation) or by 12.6% since the beginning of the year (+12.9% excluding currency revaluation).
Funds of legal entities amounted to 10.9 trillion rubles and decreased by 1.3% over the month (-1.6% excluding currency revaluation). Since the beginning of the year, the funds of legal entities have increased by 0.6% (+1.8% excluding currency revaluation).
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 one 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.
