Net profit of Sberbank for 8 months in 2009 under RAS decreased to 7.4 billion rubles
Sep 22nd, 2009 | By admin | Category: Company NewsSberbank of Russia for January-August 2009 received a net profit of Russia's Accounting Standards (RAS) in the amount of 7.4 billion rubles.
Operating income Savings Bank to the establishment of reserves for possible losses increased by 32,3%. Net interest income the bank grew by 42.7%. Net commission income increased by 5,8%. Operating expenses decreased by 4.4 %. The cost to establish reserves for possible losses increased 7 times. Profit before taxes from the profits amounted to 9.9 billion rubles. against 121.3 billion rubles. - over 8 months of 2008.
Balance Savings Bank for 8 months of this year decreased by 0,9% to 6 660 billion rubles. Reducing liabilities occurred, mainly due to the decline in short-term funds attracted from the Bank of Russia, as well as the outflow of funds from the accounts of corporate clients. The reduction of assets affected, mainly, money bank, money in non-resident banks and retail loans, the report said the bank.
In August 2009, continued growth funds attracted individuals. As a result, over 8 months of this year their volume increased by 275 billion rubles. up to 3 399 billion rubles. This fully offset the outflow of funds of legal persons, the balance of which was reduced to 8 months of this year for 152 billion rubles. up to 1 648 billion rubles.
Own funds (capital), calculated on the Bank of Russia № 215-P, in August this year increased by 0,05% and on 1 September 2009 amounted to 1 337 billion rubles. Since the beginning of 2009 the bank's capital increased by 15,6%. Capital adequacy at September 1, 2009 stands at 22,8%.
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