Sberbank's net profit under IFRS for 2024 amounted to 1.58 trillion rubles, which is 4.6% more than the previous year, with a return on equity of 23.4%. This is stated in the message of the bank.
The loan portfolio of corporate clients increased by 19% over the year compared to the same period in 2023, and exceeded 27.7 trillion rubles. The retail portfolio added 12.7%, amounting to 18.1 trillion rubles. Customer funds exceeded 44.6 trillion rubles, showing an increase of 21.6%.
Net interest income increased by 12% in the fourth quarter of 2024, to 824.4 billion rubles. Net interest income for 2024 increased by 17% to almost 3 trillion rubles.
Net fee and commission income increased by 9.8% in the fourth quarter of 2024, to RUB 231.1 billion. By the end of 2024, net fee and commission income amounted to 842.9 billion rubles (+10.3%).
The total loan portfolio has grown by 16.4% since the beginning of the year and amounted to 45.9 trillion rubles. The loan portfolio of corporate clients increased by 19% over the year and exceeded RUB 27.7 trillion.
Operating income before reserves increased by 10.8% to 3.5 trillion rubles in 2024, and by 9.6% to 883.4 billion rubles in the fourth quarter. Operating expenses increased by 15% in 2024 to 1.6 trillion rubles, and by 5.5% in the fourth quarter to 308 billion rubles. The expense-to-income ratio was 34.9% in the fourth quarter and 30.3% in the 12 months of 2024.
Customer funds exceeded 44.6 trillion rubles, showing an increase of 21.6%. Funds of legal entities have increased by 21.8% since the beginning of the year (+20% excluding currency revaluation), exceeding 16.8 trillion rubles. The funds of individuals exceeded 27.8 trillion rubles, an increase of 21.5% since the beginning of the year (+20.7% excluding currency revaluation).
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.
