Net profit The savings under IFRS for 6 months of 2024 amounted to 816.1 billion rubles. , and the return on equity reached 25.0%. This is stated in the bank's message.
The bank's net profit in the second quarter increased by 10.1% compared to last year, reaching RUB 418.7 billion. The return on equity was 25.9%.
Net interest income increased in the second quarter by 19.3% YoY to RUB 713.2 billion. Net interest income for the 6 months of 2024 increased by 21.8% YoY to 1,413.1 billion rubles.
The net interest margin was 5.84% for the second quarter of 2024 and increased by 4 bps yoy.
Net fee and commission income increased by 12.1% YoY in the second quarter of 2024 to RUB 209.5 billion. In the first 6 months of 2024, net fee and commission income increased by 9.9% YoY to RUB 393.6 billion.
The Group's operating income before reserves increased by 3.3% YoY to RUB 855.7 billion in the second quarter of 2024. Over the 6 months of 2024, this indicator increased by 6.1% YoY to 1.7 trillion rubles.
Sberbank's operating expenses increased by 16.8% YoY to RUB 252.7 billion in the second quarter of 2024. In the first 6 months of 2024, operating expenses increased by 20.6% YoY to 480.3 billion rubles.
The retail loan portfolio exceeded RUB 17.5 trillion. The retail loan portfolio grew by 6.3% in the quarter and 8.9% since the beginning of the year.
The corporate loan portfolio grew by 4.4% in the quarter (+5.1% excluding currency revaluation) or by 4.6% since the beginning of the year (+5.6% excluding currency revaluation) and amounted to 24.4 trillion rubles. Corporate loan yields increased by 0.5 percentage points to 12.7% in the second quarter of 2024.
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.
