The volume of deposits of citizens in Savings Bank, has received up to 2011 a record 321.9 billion rubles. net profit grew by 18.1%, while the annual forecast of the Deposit Insurance Agency for this indicator for the whole system - 20%. In fact, half the annual increase in the Savings Bank provided the December budget revenues and premium payments, and to ensure that these funds not flowed in January on deposits of other banks that have already taken action.
Yesterday, Sberbank has published data reporting by Russian standards (RAS) for 2011. Net profit totaled a record 321.9 billion rubles. (December - 24.3 billion rubles.) Against 183 billion rubles. in 2010. Savings exceeded its own last earnings forecast for 2011 - 300-310 billion rubles. "The main factor in earnings growth - a sharp reduction in contributions to reserves - from 155 billion rubles. In 2010 to 5 billion rubles. On the basis of 2011" - indicates the analyst "Sovlink" Olga Belenkaya. "If the Central Bank forecast is correct, and the regulator had expected profit of the banking sector in 2011 to 800 billion rubles., Then we can conclude that the Savings Bank has provided 40% of total profits", - said the department advisor due diligence "2K Audit - Business Consulting" Andrew Cherniavsky. These financial statements according to RAS for December posted yet only Agricultural Bank, which received 2.09 billion rubles. net profit.
In 2011, the Savings Bank has demonstrated a record since 2007, growth rates of corporate and retail lending. "Savings Bank's loan portfolio in December increased by 6.3%, comparable growth was in retail lending, the Bank continued to actively refinance Russian corporate borrowers have lost their access to public debt markets - said Olga Belenkaya .- As a result, the corporate credit portfolio grew Savings 34%, loans to individuals - by 36%. this record growth in 2007 (53%) was observed when the credit boom. "
The dynamics shown by the Savings Bank, sold the forecasts of the Central Bank, which assumed that the background of problems in the financial markets credit growth to the end of the fourth quarter will be at the level of 1-1.5% per month (see "Kommersant" on October 22, 2011). In November, according to the Central Bank, the banking system as a whole has already been recorded growth of corporate lending at 3.4%, retail trade - by 3.1% (the results of the Savings Bank - 5.3% and 3.6% respectively). The fact that other banks have successfully stepped up lending in December, while we can only indirectly be judged by an increase in the number of banking applications to the credit bureau (see "Kommersant" on 16 January). "December is traditionally gives high growth portfolio, but will they be in the system as a whole is comparable with our results, prior to publication of reports, I will not undertake to judge," - said a member of the Board of Sberbank Anton Karamzin.
The only segment in which annual figures were worse than expectations of the Savings Bank regulators, was to raise funds of natural persons. Recall that in the Deposit Insurance Agency (DIA) expect that for 2011 the amount of funds in bank accounts of natural persons increased by 20%. Sberbank has demonstrated the growth of this indicator at 18.1%, to 5.67 trillion rubles. This lag is explained by lower interest rates on deposits Savings compared to other banks, the analyst IFC "Solid" Elena Yushkova. Late last year, the maximum rate for deposits in the Savings Bank was 7.25%, according to CB mean maximum rates of the largest banks in terms of deposits was at 9.41%. In December, growth in deposit base was highly significant Savings - 8.5% last month has provided virtually half of the annual inflow of funds of natural persons, but this is primarily a consequence of the seasonal peak of budget funds and listed companies premiums for employees' card accounts, shows Olga Belenkaya. "Now the main task of the bank will retain much of the December inflows. As a rule, in January he was replaced by a seasonal outflow of the population, making a decision to invest, with card accounts in the Savings Bank distributes them to more lucrative deposits in private banks," - she points out. In January, Sberbank increased rates on deposits of citizens in an average of 1 percentage point, resulting in the maximum rate on deposits of 8% per annum.
Yesterday, Sberbank has published data reporting by Russian standards (RAS) for 2011. Net profit totaled a record 321.9 billion rubles. (December - 24.3 billion rubles.) Against 183 billion rubles. in 2010. Savings exceeded its own last earnings forecast for 2011 - 300-310 billion rubles. "The main factor in earnings growth - a sharp reduction in contributions to reserves - from 155 billion rubles. In 2010 to 5 billion rubles. On the basis of 2011" - indicates the analyst "Sovlink" Olga Belenkaya. "If the Central Bank forecast is correct, and the regulator had expected profit of the banking sector in 2011 to 800 billion rubles., Then we can conclude that the Savings Bank has provided 40% of total profits", - said the department advisor due diligence "2K Audit - Business Consulting" Andrew Cherniavsky. These financial statements according to RAS for December posted yet only Agricultural Bank, which received 2.09 billion rubles. net profit.
In 2011, the Savings Bank has demonstrated a record since 2007, growth rates of corporate and retail lending. "Savings Bank's loan portfolio in December increased by 6.3%, comparable growth was in retail lending, the Bank continued to actively refinance Russian corporate borrowers have lost their access to public debt markets - said Olga Belenkaya .- As a result, the corporate credit portfolio grew Savings 34%, loans to individuals - by 36%. this record growth in 2007 (53%) was observed when the credit boom. "
The dynamics shown by the Savings Bank, sold the forecasts of the Central Bank, which assumed that the background of problems in the financial markets credit growth to the end of the fourth quarter will be at the level of 1-1.5% per month (see "Kommersant" on October 22, 2011). In November, according to the Central Bank, the banking system as a whole has already been recorded growth of corporate lending at 3.4%, retail trade - by 3.1% (the results of the Savings Bank - 5.3% and 3.6% respectively). The fact that other banks have successfully stepped up lending in December, while we can only indirectly be judged by an increase in the number of banking applications to the credit bureau (see "Kommersant" on 16 January). "December is traditionally gives high growth portfolio, but will they be in the system as a whole is comparable with our results, prior to publication of reports, I will not undertake to judge," - said a member of the Board of Sberbank Anton Karamzin.
The only segment in which annual figures were worse than expectations of the Savings Bank regulators, was to raise funds of natural persons. Recall that in the Deposit Insurance Agency (DIA) expect that for 2011 the amount of funds in bank accounts of natural persons increased by 20%. Sberbank has demonstrated the growth of this indicator at 18.1%, to 5.67 trillion rubles. This lag is explained by lower interest rates on deposits Savings compared to other banks, the analyst IFC "Solid" Elena Yushkova. Late last year, the maximum rate for deposits in the Savings Bank was 7.25%, according to CB mean maximum rates of the largest banks in terms of deposits was at 9.41%. In December, growth in deposit base was highly significant Savings - 8.5% last month has provided virtually half of the annual inflow of funds of natural persons, but this is primarily a consequence of the seasonal peak of budget funds and listed companies premiums for employees' card accounts, shows Olga Belenkaya. "Now the main task of the bank will retain much of the December inflows. As a rule, in January he was replaced by a seasonal outflow of the population, making a decision to invest, with card accounts in the Savings Bank distributes them to more lucrative deposits in private banks," - she points out. In January, Sberbank increased rates on deposits of citizens in an average of 1 percentage point, resulting in the maximum rate on deposits of 8% per annum.
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