Sberbank: SberBank selected RAS highlights for 11M 2022

Net interest income growth accelerated to 12.8% y-o-y in November 2022 to RUB159.1 bn, or by 3.7% y-o-y for 11M22 on the back of working assets increase and normalization in funding rates.
Net fee and commission income increased by 16% y-o-y in November 2022 to RUB57.0 bn, or by 5.1% y-o-y for 11M22 to RUB547.3 bn.
Total volume of transfers, payments and acquiring increased by 22% y-o-y during 11M22.

• Sber is ranked third among the world’s largest 150 acquirers, according to the Nilson Report.

Cost of Risk in November changed immaterially to 0.8%. In the beginning of the year, the Bank booked sizable provisions against the materialized risks.
Operating expenses in November 2022 declined y-o-y  to RUB64.3 bn. The cost optimization program lowered expenses by 3.9% y-o-y for 11M22.
Net profit in November 2022 reached RUB124.7 bn, up by 22.7% y-o-y, while for 11M22 amounted to RUB174.8 bn.
Such results were achieved without applying the Central Bank’s forbearance measures that were available to Russian financial institutions, including predetermined foreign exchange rate and revaluation price of securities, lower provisioning against certain companies and other. 
The total capital adequacy ratio increased in November. Sberbank PJSC exceeds all management buffers to capital adequacy ratios that were set by the Supervisory Board in December 2021.


¹ management accounts
² excluding the effect from FX revaluation
³ Cost of Risk excludes the effect from FX revaluation

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ПАО Сбербанк — один из крупнейших банков в России и один из ведущих глобальных финансовых институтов. На долю Сбербанка приходится около трети активов всего российского банковского сектора. Сбербанк является ключевым кредитором для национальной экономики и занимает одну из крупнейших долей на рынке вкладов. Основным акционером ПАО Сбербанк является Российская Федерация в лице Министерства финансов Российской Федерации, владеющая 50% уставного капитала ПАО Сбербанк плюс 1 голосующая акция. Оставшимися 50% минус 1 голосующая акция от уставного капитала банка владеют российские и международные инвесторы. Банк располагает обширной филиальной сетью в России: около 14 тысяч точек обслуживания. Генеральная лицензия Банка России на осуществление банковских операций № 1481 от 11.08.2015. Официальные сайты банка: www.sberbank.com (сайт Группы Сбербанк), www.sberbank.ru.

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