08 July 2013, 00:00

Sberbank sold debts at a profit

Sberbank received a record profit this year in June, which was dry for banks. Helped with the sale of overdue debts Tatyana Voronova

The state bank's income recovered not only due to the low base effect in the holiday-filled May, but also due to profits from non-core activities, Alfa Bank analysts indicate . In June, the bank sold overdue debts worth 18 billion rubles, notes BKF Bank analyst Maxim Osadchiy. At Sberbank, every last month of the six months or year, turnover on account 62109 (sale of property) traditionally increases, he notes, this helps improve financial results.

Sberbank

The largest bank in Eastern Europe. the main shareholder is the Central Bank (50% plus 1 share). Capitalization – 2 trillion rubles. Financial indicators (RAS, July 1, 2013): assets – 14.3 trillion rubles, capital – 1.8 trillion rubles, profit – 191.8 billion rubles.

In June, Sberbank earned 35 billion rubles. net profit, follows from its reporting. This is its best result so far since the beginning of the year, despite the fact that June is not the best month for banks.

The partial restoration of reserves that followed the sale of debts influenced the reduction in the cost of risk, VTB Capital analysts write. In June, the bank allocated 4.7 billion rubles to reserves. against 5.4 billion rubles. in May. At the same time, the share of overdue debt in June decreased from 2.87 to 2.6%. The sale of debt added 10 basis points to the margin, which was 6.1% higher in the second quarter, they calculated.

The stagnation of corporate business continues, although the volume of loans issued has increased from 390 billion rubles. in May to 540 billion in June. However, the balance of loan debt increased by only 40 billion rubles, or 0.5%. If we compare the growth of the corporate portfolio year on year, then, according to VTB Capital estimates, in June it decreased from 10.9 to 9.7%. The retail loan portfolio in June grew by RUB 63 billion, or 2.3%.

Over the month, household funds in Sberbank increased by 164 billion rubles, or 2.4%. There was an increase in both deposits and savings certificates, the bank reported. For the second month in a row, companies have placed almost as much money in the bank as private investors: RUB 130 billion. (mostly on demand). Weak growth of the corporate portfolio against the backdrop of a strong influx of deposits (the ratio of loans to deposits dropped to 94%) will continue to put pressure on the profit indicator, VTB Capital experts summarize.