Key Figures in Accordance with IFRS

DYNAMICS OF SBERBANK’S KEY FIGURES IN ACCORDANCE WITH IFRS

  2010 2009 Change 2008 2007 2006
1 Adjusted for ordinary stock split in 2007.
2 2008–2010 — consolidated data, 2006–2007 — unconsolidated data.
For the year, RUB bn            
Operating income before provisions 666.6 648.1 2,9% 449.5 353.1 268.0
Provision charge for loan impairment (153.8) (388.9) -60.5% (97.9) (17.6) (13.9)
Operating income 512.8 259.1 97.9% 351.7 335.5 254.2
Operating expenses (282.6) (229.3) 23.2% (221.7) (195.8) (145.1)
Profit before tax 230.2 29.9 669.9% 129.9 139.7 109.0
Net profit 181.6 24.4 644.3% 97.7 106.5 82.8
As of 31 December, RUB bn            
Loans and advances to customers, net 5,489 4,864 12.9% 5,078 3,922 2,537
Loans and advances to customers before provision for loan impairment 6,192 5,444 13.7% 5,280 4,033 2,638
Total assets 8,629 7,105 21.4% 6,736 4,929 3,466
Due to customers 6,651 5,439 22.3% 4,795 3,878 2,829
Total liabilities 7,641 6,326 20.8% 5,986 4,292 3,158
Total equity 987.2 778.9 26.7% 750.2 637.2 308.5
Per share            
Basic and diluted earnings,
RUB per share
8.4 1.1 663.6% 4.5 5.1 4.3
Dividends per ordinary share declared during the year,
RUB per share
0.1 0.5 -80.0% 0.5 0.4 0.3
Net assets per ordinary share,
RUB per share1
45.7 36.1 26.6% 34.8 29.5 16.2
Financial ratios, %            
Profitability ratios            
Return on assets (ROА) 2.3 0.4 1.9 p.p. 1.7 2.5 2.8
Return on equity (ROE) 20.6 3.2 17.4 p.p. 14.1 22.5 30.7
Spread (return on assets less cost of funding) 6.1 7.3 -1.2 p.p. 6.7 6.0 6.9
Net interest margin (net interest income to average assets) 6.6 7.8 -1.2 p.p. 7.1 6.4 7.1
Net fee income to operating income before provisions 18.5 15.6 2.9 p.p. 19.2 18.7 18.7
Cost to income ratio 42.4 35.4 7.0 p.p. 49.3 55.4 54.2
Loans to deposits ratio 93.1 100.1 -7.0 p.p. 110.1 104.0 93.3
Capital adequacy ratios            
Core capital ratio (Tier I)2 11.9 11.5 0.4 p.p. 12.1 13.9 9.9
Total capital ratio (Tier I and Tier II) 16.8 18.1 -1.3 p.p. 18.9 14.5 11.2
Equity to total assets 11.4 11.0 0.4 p.p. 11.1 12.9 8.9
Asset quality, %            
Non-performing loans to total loans to customers 7.3 8.4 -1.1 p.p. 1.8 1.5 1.4
Provision for loan impairment to non-performing loans (times) 1.6 1.3 0.3 times 2.1 1.8 2.7
Provision for loan impairment to total gross loans to customers 11.3 10.7 0.7 p.p. 3.8 2.8 3.8
Ratings assigned to Sberbank's international obligations            
Fitch Ratings BBB BBB   BBB+ BBB+ BBB+
Moody's Baa1 Baa1   Baa1 Baa2 Baa2

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