The Group gross loans up by 15% compared to 2019

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Sberbank reports 2020 Net Profit of RUB 760.3 billion (EUR 8.4 billion) under IFRS

Sberbank released its Annual consolidated IFRS financial statements (hereafter “the Financial Statements”) as at and for the 12 months ended 31 December 2020, with audit report by AO PricewaterhouseCoopers Audit.

Herman Gref, Chairman of the Executive Board, CEO:

“A year ago we could hardly imagine the challenges we would encounter in 2020: the pandemic, the drop in oil prices, interruption in operations of certain segments of the economy. In the scope of the joint efforts with the government and businesses, we became an important player in the collective fight against the consequences of the pandemic: we immediately organized an anti-crisis control centre, started offering support to retail clients and businesses from the beginning of the turmoil. During 2020, we issued RUB17.7 trillion loans under our own and state programs. We offered our clients different restructuring and financing options to cope with the crisis. Sber was able to quickly restore the business once the restrictions were lifted. The launch of a massive costs optimization program helped us support profitability, and as a result achieve Return on Equity of 16%. An important milestone of 2020, was the launch of our new brand, Sber, which is a universe of our financial and non-financial products and services, as well as our new Strategy 2023 that concentrates on building an integrated ecosystem around a client.”

FY 2020 Financial and Operational Highlights:

  • The Group net profit reached RUB 760.3 billion (EUR 8.4 billion) (-10.0% y/y);
  • The Group earnings per ordinary share (EPS) came in at RUB34.36 (-10.9% y/y);
  • The Group return on equity (ROE) reached 16.1%, and return on assets (ROA) was 2.3%;
  • The Group gross loans exceeded RUB25 trillion, up by 15.0% y/y. The retail loan portfolio was up by over 18% to RUB9.3 trillion, while the corporate loan portfolio increased to RUB15.7 trillion, up by 9.3% excluding the effect of FX revaluation;
  • Retail funding increased by 17.1% during 2020 (+11.8% excluding the FX revaluation) to RUB16.6 trillion. Corporate funding increased by nearly 24% (+8.7% excluding the FX revaluation) to RUB9.1 trillion;
  • Active retail client base grew by 3 million during the year to nearly 99 million;
  • Number of monthly active users (MAU) of mobile App Sberbank Online was up by 10.6 million to 65.3 million, and the number of daily active users (DAU) increased by 7.7 million to 32.4 million;
  • Active corporate client base increased by 200 thousand to exceed 2.7 million, while MAU in digital channels surpassed 2.43 million users;
  • At year-end 2020, over 16 million clients were using Sber ID, a unified login that gives access to more than 95 Sber ecosystem services and partners;
  • In 2020, Sberbank reshaped its ESG activities. The Group presented its ESG strategy, outlined its commitment to ESG and sustainability standards in the Corporate Governance Code, and formed an ESG committee.
  • Starting from FY 2020, Sber financial statements include information on the basis of business segments, which gives a more detailed and complete presentation on Sber operations, products structure and financial results of the business segments.

 

4Q 2020 Financial and Operational Highlights:

  • The Group net profit reached RUB 201.7 billion (EUR 2.2 billion), down 4.9% as compared to 4Q 2019; the Group earnings per ordinary share (EPS) came in at RUB9.15;
  • The Group return on equity (ROE) reached 16.6%, and return on assets (ROA) was 2.2%;
  • The Group gross loans increased by 1.9% during the quarter to exceed RUB25 trillion. The retail loan portfolio was up by 4.8% to RUB9.3 trillion, while the corporate loan portfolio increased by 0.2% to RUB15.7 trillion, or by 3.5% excluding the effect of FX revaluation4;
  • The asset quality of the loan portfolio improved: the share of Stage 3 and POCI loans was 6.6%, down by 33 bp as compared to 3Q 2020.

 

You can read the full press release published by Sberbank of Russia here.

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