Sberbank

Sberbank's net profit rose 16.1% yoy to RUB 250 bil in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank made a net profit of RUB 250 bil under revenues of RUB 506 bil in the second quarter of 2019, up 16.1% and 10.3% ...

Sberbank's share price (end of period) rose 9.43% yoy to RUB 239 in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank stock traded at RUB 239 per share at the end of second quarter of 2019 implying a market capitalization of USD 85,423 mil. Ove...

Sberbank's market capitalisation (end of period) rose 14.2% to USD 85,423 mil in 2Q2019

By Helgi Analytics - October 23, 2019

Sberbank stock traded at JPY 1,645 per share at the end of second quarter of 2019 implying a market capitalization of USD 3,477 mil....

Profit Statement 2016 2017 2018
Net Interest Income RUB bil 1,363 1,452 1,459
Net Fee Income RUB bil 349 394 442
Other Income RUB bil -14.4 57.1 -3.30
Total Revenues RUB bil 1,698 1,903 1,933
Staff Cost RUB bil 384 403 410
Operating Profit RUB bil 1,020 1,231 1,271
Provisions RUB bil 342 287 128
Net Profit RUB bil 541 750 833
Balance Sheet 2016 2017 2018
Interbank Loans RUB bil 965 1,318 1,421
Customer Loans RUB bil 17,361 18,488 19,585
Debt Securities RUB bil 2,718 3,289 2,907
Total Assets RUB bil 25,369 27,112 31,198
Shareholders' Equity RUB bil 2,822 3,436 3,852
Interbank Borrowing RUB bil 562 693 1,097
Customer Deposits RUB bil 18,685 19,814 20,897
Issued Debt Securities RUB bil 1,901 1,651 1,746
Ratios 2016 2017 2018
ROE % 20.8 24.0 22.9
ROA % 2.05 2.86 2.86
Costs (As % Of Assets) % 2.57 2.56 2.27
Costs (As % Of Income) % 39.9 35.3 34.2
Capital Adequacy Ratio % 12.0 13.0 12.4
Net Interest Margin % 5.17 5.53 5.00
Loans (As % Of Deposits) % 92.9 93.3 93.7
NPLs (As % Of Loans) % 4.40 4.20 3.75
Provisions (As % Of NPLs) % 159 168 189
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 64,514 88,298 60,636
Share Price (End Of Period) RUB 173 225 187
Price/Earnings (P/E) 7.24 6.78 5.06
Price/Book Value (P/BV) 1.39 1.48 1.09
Dividend Yield % 3.46 5.33 8.60
Earnings Per Share (EPS) RUB 23.9 33.2 36.9
Book Value Per Share RUB 125 152 171
Dividend Per Share 6.00 12.0 16.0

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Net Interest Income RUB bil ...                       705 862 1,020 988 1,363    
Total Revenues RUB bil ...                       921 1,104 1,301 1,430 1,698    
Operating Profit RUB bil ...                       469 589 736 806 1,020    
Net Profit RUB bil ...                       349 364 292 223 541    
balance sheet                                      
Interbank Loans RUB bil ...                       115 331 241 751 965    
Customer Loans RUB bil ...                       10,499 12,934 17,757 18,728 17,361    
Debt Securities RUB bil ...                       1,970 2,141 3,039 3,441 2,718    
Total Assets RUB bil ...                       15,097 18,210 25,201 27,335 25,369    
Shareholders' Equity RUB bil ...                       1,624 1,881 2,020 2,375 2,822    
Interbank Borrowing RUB bil ...                       1,452 2,111 3,640 1,046 562    
Customer Deposits RUB bil ...                       10,179 12,064 15,563 19,798 18,685    
Issued Debt Securities RUB bil ...                       1,546 1,777 2,609 2,583 1,901    
ratios                                      
ROE % ...                       24.1 20.8 15.0 10.2 20.8    
ROA % ...                       2.69 2.18 1.35 0.850 2.05    
Costs (As % Of Assets) % ...                       3.48 3.09 2.60 2.37 2.57    
Costs (As % Of Income) % ...                       49.0 46.6 43.4 43.6 39.9    
Capital Adequacy Ratio % ...                       13.7 13.4 12.1 12.6 12.0    
Net Interest Margin % ...                       5.44 5.18 4.70 3.76 5.17    
Interest Income (As % Of Revenues) % ...                       76.5 78.1 78.4 69.1 80.3    
Fee Income (As % Of Revenues) % ...                       18.5 20.0 19.9 22.3 20.6    
Staff Cost (As % Of Total Cost) % ...                       54.5 55.5 56.4 55.5 56.7    
Equity (As % Of Assets) % ...                       10.8 10.3 8.02 8.69 11.1    
Loans (As % Of Deposits) % ...                       103 107 114 94.6 92.9    
Loans (As % Assets) % ...                       69.5 71.0 70.5 68.5 68.4    
NPLs (As % Of Loans) % ... ... ... ...                 3.20 2.90 3.20 5.00 4.40    
Provisions (As % Of NPLs) % ... ... ... ...                 158 155 146 120 159    
valuation                                      
Market Capitalisation (End Of Period) USD mil ...                       68,698 69,439 20,454 31,381 64,514    
Number Of Shares (Average) mil ...                       22,587 22,587 22,587 22,587 22,587    
Share Price (End Of Period) RUB ...                       92.9 101 55.0 101 173    
Earnings Per Share (EPS) RUB ...                       15.4 16.1 12.9 9.89 23.9    
Book Value Per Share RUB ...                       71.9 83.3 89.4 105 125    
Dividend Per Share ...                       2.61 3.19 0.456 1.97 6.00    
Price/Earnings (P/E) ...                       6.02 6.27 4.25 10.2 7.24    
Price/Book Value (P/BV) ...                       1.29 1.21 0.615 0.963 1.39    
Dividend Yield % ...                       2.81 3.15 0.829 1.95 3.46    
Earnings Per Share Growth % ... ...                     10.3 4.30 -19.7 -23.6 142    
Book Value Per Share Growth % ... ...                     28.1 15.9 7.37 17.6 18.8    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Interest Income RUB bil ...                       1,157 1,479 1,838 2,280 2,399    
Interest Cost RUB bil ...                       453 616 818 1,292 1,036    
Net Interest Income RUB bil ...                       705 862 1,020 988 1,363    
Net Fee Income RUB bil ...                       170 220 259 319 349    
Other Income RUB bil ...                       45.7 21.3 21.8 123 -14.4    
Total Revenues RUB bil ...                       921 1,104 1,301 1,430 1,698    
Staff Cost RUB bil ...                       246 286 319 346 384    
Depreciation RUB bil ...                       51.8 54.5 58.7 60.2 62.8    
Other Cost RUB bil ...                       154 175 188 217 231    
Operating Cost RUB bil ...                       451 515 565 623 678    
Operating Profit RUB bil ...                       469 589 736 806 1,020    
Provisions RUB bil ...                       21.5 134 361 475 342    
Extra and Other Cost RUB bil ...                       0 0 0 0 0    
Pre-Tax Profit RUB bil ...                       448 456 374 331 678    
Tax RUB bil ...                       100 93.7 83.9 108 136    
Minorities RUB bil ...                       -0.900 -1.80 -1.90 -0.400 1.40    
Net Profit RUB bil ...                       349 364 292 223 541    
Dividends RUB bil                         58.9 72.0 10.3 44.5 136    
growth rates                                      
Net Interest Income Growth % ... ...                     25.6 22.3 18.3 -3.11 37.9    
Net Fee Income Growth % ... ...                     21.1 29.4 17.7 23.1 9.44    
Total Revenue Growth % ... ...                     24.0 19.9 17.8 9.93 18.7    
Operating Cost Growth % ... ...                     29.6 14.0 9.81 10.3 8.69    
Operating Profit Growth % ... ...                     19.0 25.5 24.8 9.62 26.5    
Pre-Tax Profit Growth % ... ...                     13.2 1.74 -17.9 -11.5 105    
Net Profit Growth % ... ...                     10.3 4.30 -19.7 -23.6 142    
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                      
Cash RUB bil ...                       1,502 1,579 2,675 2,722 2,963    
Interbank Loans RUB bil ...                       115 331 241 751 965    
Customer Loans RUB bil ...                       10,499 12,934 17,757 18,728 17,361    
Retail Loans RUB bil ... ...     ... ...             2,837 3,748 4,847 4,966 5,032    
Mortgage Loans RUB bil ... ... ... ... ... ...             1,143 1,569 2,270 2,555 2,751    
Consumer Loans RUB bil ... ... ... ... ... ...             1,372 1,673 1,868 1,682 2,281    
Corporate Loans RUB bil ... ...     ... ...             8,228 9,796 13,779 14,959 13,633    
Debt Securities RUB bil ...                       1,970 2,141 3,039 3,441 2,718    
Fixed Assets RUB bil ...                       436 477 496 499 483    
Total Assets RUB bil ...                       15,097 18,210 25,201 27,335 25,369    
Shareholders' Equity RUB bil ...                       1,624 1,881 2,020 2,375 2,822    
Of Which Minority Interest RUB bil ...                       12.8 9.70 4.50 2.20 3.50    
Liabilities RUB bil ...                       13,474 16,329 23,181 24,960 22,547    
Interbank Borrowing RUB bil ...                       1,452 2,111 3,640 1,046 562    
Customer Deposits RUB bil ...                       10,179 12,064 15,563 19,798 18,685    
Retail Deposits RUB bil ...                       6,983 8,436 9,328 12,044 12,450    
Corporate Deposits RUB bil ...                       3,196 3,628 6,235 7,755 6,235    
Sight Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4,461    
Term Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 14,224    
Issued Debt Securities RUB bil ...                       1,546 1,777 2,609 2,583 1,901    
Other Liabilities RUB bil ...                       296 376 1,369 1,533 1,399    
asset quality                                      
Non-Performing Loans RUB bil ... ... ... ...                 358 393 596 996 821    
Gross Loans RUB bil ...                       11,179 13,544 18,626 19,924 18,665    
Total Provisions RUB bil ...                       565 610 870 1,197 1,303    
growth rates                                      
Customer Loan Growth % ... ...                     36.0 23.2 37.3 5.47 -7.30    
Retail Loan Growth % ... ... ...   ... ... ...           41.4 32.1 29.3 2.44 1.33    
Mortgage Loan Growth % ... ... ... ... ... ... ...           47.1 37.2 44.7 12.5 7.68    
Consumer Loan Growth % ... ... ... ... ... ... ...           45.3 22.0 11.7 -9.98 35.6    
Corporate Loan Growth % ... ... ...   ... ... ...           25.1 19.1 40.7 8.56 -8.86    
Total Asset Growth % ... ...                     39.3 20.6 38.4 8.47 -7.19    
Shareholders' Equity Growth % ... ...                     28.1 15.9 7.37 17.6 18.8    
Customer Deposit Growth % ... ...                     28.3 18.5 29.0 27.2 -5.62    
Retail Deposit Growth % ... ...                     21.9 20.8 10.6 29.1 3.37    
Corporate Deposit Growth % ... ...                     44.9 13.5 71.8 24.4 -19.6    
market share                                      
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... 32.8 32.5 33.2 33.2   ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... 50.4 53.0 55.0 54.6   ...
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... 46.7 45.0 46.0 46.6   ...
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                      
ROE % ...                       24.1 20.8 15.0 10.2 20.8    
ROA % ...                       2.69 2.18 1.35 0.850 2.05    
Costs (As % Of Assets) % ...                       3.48 3.09 2.60 2.37 2.57    
Costs (As % Of Income) % ...                       49.0 46.6 43.4 43.6 39.9    
Capital Adequacy Ratio % ...                       13.7 13.4 12.1 12.6 12.0    
Tier 1 Ratio % ...                       10.4 10.6 8.60 8.90 10.2    
Net Interest Margin % ...                       5.44 5.18 4.70 3.76 5.17    
Interest Spread % ... ...                     5.00 4.74 4.33 3.31 4.74    
Asset Yield % ...                       8.93 8.88 8.47 8.68 9.10    
Cost Of Liabilities % ... ...                     3.93 4.14 4.14 5.37 4.36    
Payout Ratio % ...                       16.9 19.8 3.52 19.9 25.1    
Interest Income (As % Of Revenues) % ...                       76.5 78.1 78.4 69.1 80.3    
Fee Income (As % Of Revenues) % ...                       18.5 20.0 19.9 22.3 20.6    
Other Income (As % Of Revenues) % ...                       4.96 1.93 1.68 8.59 -0.848    
Cost Per Employee USD per month ...                       2,306 2,439 1,722 1,305 1,475    
Cost Per Employee (Local Currency) RUB per month ...                       71,615 77,719 80,611 87,195 98,516    
Staff Cost (As % Of Total Cost) % ...                       54.5 55.5 56.4 55.5 56.7    
Equity (As % Of Assets) % ...                       10.8 10.3 8.02 8.69 11.1    
Loans (As % Of Deposits) % ...                       103 107 114 94.6 92.9    
Loans (As % Assets) % ...                       69.5 71.0 70.5 68.5 68.4    
NPLs (As % Of Loans) % ... ... ... ...                 3.20 2.90 3.20 5.00 4.40    
Provisions (As % Of NPLs) % ... ... ... ...                 158 155 146 120 159    
Provisions (As % Of Loans) % ...                       5.38 4.72 4.90 6.39 7.51    
Cost of Provisions (As % Of Loans) % ...                       0.236 1.14 2.36 2.60 1.90    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                      
Branches ... ...                     18,377 17,893 17,140 16,494 16,400   ...
Employees ...                       286,019 306,123 329,566 330,677 325,075    
Clients mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 138 145   ...
Payment Cards '000 ... ... ... ... ... ... ... ... ... ... ... ... ... 91,400 102,000 118,000 124,400   ...
Debit Cards '000 ... ... ... ... ... ... ... ... ... ... ... ... ... 79,300 87,400 102,400 107,000   ...
Credit Cards '000 ... ... ... ... ... ... ... ... ... ... ... ... ... 12,100 14,600 15,600 17,400   ...
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 23.9    
Risk-Weighted Assets RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  

Get all company financials in excel:

Download Sample   $19.99

Sberbank's npls (as % of loans) rose 11.0% yoy to 3.99% in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank's non-performing loans reached 3.99% of total loans at the end of 2019-06-30, up from 3.59% compared to the previous year. Historically, the NPL ratio hit an all time high of 9.10% in 2010-06-30 and an all time low of 2.93% in 2013-12-31. Provision...

Sberbank's price/earnings (P/E) rose 2.19% yoy to 6.10 in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank stock traded at RUB 239 per share at the end second quarter of 2019 implying a market capitalization of USD 85,423 mil. Since the end of 2Q2014, the stock has appreciated by 182 % implying an annual average growth of 23.1 %. In absolute terms, the value of th...

Sberbank's net interest margin fell 4.33% yoy to 4.77% in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank's net interest margin amounted to 4.77% in the second quarter of 2019, up from 4.59% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.77% in 3Q2017 and an all time low of 3.24% in...

Sberbank's net interest income rose 7.34% yoy to RUB 375 bil in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank generated total banking revenues of RUB 506 bil in the second quarter of 2019, up 10.3% when compared to the same period of last year and 6.99% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee a...

Sberbank's capital adequacy ratio rose 5.77% yoy to 12.6% in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank's capital adequacy ratio reached 12.6% at the end of second quarter of 2019, down from 13.0% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 13.0% in 4Q2017 and an all time low of 12.0% in 2Q2018. ...

Sberbank's corporate loans fell 0.818% yoy to RUB 13,341 bil in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank's loans reached RUB 20,618 bil in the second quarter of 2019, down from RUB 20,824 bil when compared to the previous quarter and up from RUB 19,460 bil when compared to the same period of last year. Historically, the bank’s loans reached an...

Sberbank's equity (as % of assets) rose 4.22% yoy to 12.6% in 2Q2019

By Helgi Analytics - October 7, 2019

Sberbank's Equity reached 12.6% of total assets in the 2Q2019, up from 12.1% for the previous year. As a share of net customer loans, the ratio amounted to 20.7% at the end of the second quarter of 2019. ...

Sberbank's Cost of Risk fell 30.1% yoy to 0.117% in 2Q2019

By Helgi Analytics - August 23, 2019

Sberbank's Cost of Risk (loan loss provisions as % of total assets) amounted to 0.117% in the second quarter of 2019, down from 0.221% when compared to the previous quarter. Historically, the bank’s cost of risk reached an all time high of 2.02% in 3Q2014 an...

Sberbank's retail loan growth rose 36.3% yoy to 21.1% in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank's retail loans reached RUB 7,277 bil at the end of 2019-06-30, up 4.17% compared to the previous year. In the last decade, the average annual loan growth amounted to 0%. Overall, retail loans accounted for 37.9% of the bank's loan book at the end o...

Sberbank's customer loan growth rose 195% yoy to 6.62% in 2Q2019

By Helgi Analytics - August 13, 2019

Sberbank's customer loan growth reached 6.62% in 2019-06-30, up from 2.25% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 49.1% in 2012-09-30 and an all time low of -9.01% in 2017-03-31. In the last decade...

More News

Sberbank of Russia OJSC is the largest Russian commercial bank. It offers many banking services for retail and corporate customers such as payments and transfers, currency exchange, travel checks, mutual funds, metal trading, deposits, brokerage services and many other services. At the end of 2015, the Bank operated almost 16,500 branches and employed over 300,000 persons in Russia. It also operates in number of other countries including Turkey, Ukraine, Belarus, Kazakhstan, Austria, Switzerland, India, Germany, or China. The Bank holds around 30% of Russia's bank assets, but approximately 40% in terms of clients loans and deposits. Sberbank of Russia OJSC was founded in 1841 and is headquartered in Moscow, the Russian Federation.

Sberbank Logo

Finance

Sberbank has been growing its revenues and asset by 15.7% and 16.6% a year on average in the last 10 years. Its loans and deposits have grown by 14.5% and 15.9% a year during that time and loans to deposits ratio reached 93.7% at the end of 2018. The company achieved an average return on equity of 19.0% in the last decade with net profit growing 23.9% a year on average. In terms of operating efficiency, its cost to income ratio reached 34.2% in 2018, compared to 41.5% average in the last decade.

Equity represented 12.3% of total assets or 19.7% of loans at the end of 2018. Sberbank's non-performing loans were 3.75% of total loans while provisions covered some 189% of NPLs at the end of 2018.

Valuation

Sberbank stock traded at RUB 187 per share at the end of 2018 resulting in a market capitalization of USD 60,636 mil. Over the previous five years, stock price rose by 84.59999999999999% or 13% a year on average. That’s compared to an average ROE of 18.6% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 5.06x and price to book value (PBV) of 1.09x in 2018.