Sberbank’s net profit in January exceeded 110 billion rubles

At the end of January 2023, the net profit of Sberbank amounted to 110.1 billion rubles, reported credit organisation. This result is 9.8% more than the net profit received by the bank in January of the previous year. At the same time, since October, the monthly financial result, which the bank began to disclose, has been above 120 billion rubles.

“In January, we saw a continuation of the positive trends that were observed at the end of last year, despite the seasonal decline in business activity,” commented the head of the bank German Gref.

Net interest and commission income compared to last year’s January turned out to be higher – by 16.4% and 15%, amounting to 173.8 billion and 45.6 billion rubles. respectively. In January, the bank issued 415 billion rubles. loans to the population (the volume of the portfolio increased in January by 1%, to 12.2 trillion rubles). At the same time, a significant part fell on mortgages – more than 170 billion rubles, exceeding the figure for last year by 5.2%.

In January, the bank issued loans to corporate clients in the amount of about 800 billion rubles. However, the total portfolio has decreased since the beginning of the year by 0.9%, to 18.6 trillion rubles. As explained in the bank, this happened due to the repayment of loans by several large borrowers.

The bank’s liabilities also decreased in January. Retail customer funds in January decreased by 4.7% to RUB 17.5 trillion, which, according to the bank, “corresponds to seasonal dynamics”. Funds of corporate clients have decreased since the beginning of the year by 4.5%, to 8.3 trillion rubles. The balances on the accounts of business clients decreased due to “optimization of the cost of attracting liabilities as part of the bank’s liquidity management procedures.”

Russian banks are expected to resume reporting under RAS in April 2023. This was previously reported by the Director of the Department of Banking Regulation and Analytics of the Bank of Russia Alexander Danilov. Banks are scheduled to disclose results immediately for the first quarter of the year and final results for 2022.

Olga Sherunkova