Earn about 200 billion rubles, he managed at the expense of retail customers.Sberbank reported in RAS financials that in the first quarter received 196 billion rubles. net profit. This is 26% more than in January-March last year.
The bank achieved such results mainly at the expense of retail business, explained in a press release the deputy chairman of the board, Alexander Morozov. The growth in lending, especially mortgage lending, continues – it has increased by 5% since the beginning of the year, Morozov points out, incomes from operations with bank cards, which account for half of all commission income, increased by 26.6%.
For the I quarter, Sberbank issued 650 billion rubles. retail loans, this is almost twice as much as in the first quarter of a year ago; total individuals lent to the bank 5.1 trillion rubles., Quarterly growth was 4.5%.
In March, Russian President Vladimir Putin asked Sberbank’s German Gref’s predecessor whether the rapid growth of credit to the population is dangerous. Gref replied that Sberbank does not yet see even “signs of the possibility” of a bubble in consumer lending. Gref explained that he compares the current situation with the situation in 2008 with developing countries.
The corporate loan is also growing: for the quarter, legal entities have taken in the bank 3.1 trillion rubles. loans – 1.7 times more than in the I quarter of a year ago, indicates the bank; quarter growth was 0.1%, the entire corporate loan – 12 trillion rubles.
Loans are the main source of the bank’s income: net interest income grew to 301.3 billion rubles, or 7.2% compared to the first quarter of 2017. This was due to the growth of operating assets and a decrease in the cost of borrowed funds, the bank explains.
Significant revenues bring the bank and commissions: up to 91 billion rubles., 18.4% more than in the first quarter of last year. In general, the bank earns on cards, settlement transactions and sale of insurance.
The funds of individuals in the bank were reduced to 11.9 trillion rubles. for the quarter, or by 1.1%, company funds rose to 5.67 trillion, or 0.6%.
Author: Anna Eremina
Original in Russian: Vedomosti