Dynamics of key performance indicators of Sberbank. Financial and economic performance indicators of Sberbank of Russia PJSC
Sharova E.,
bachelor of Economics
RSU named after S.A. Yesenina
Supervisor - Otto V.S.
Keywords:dynamics of key indicators, financial results, interest income and expenses of the bank, banking system ”, aggregated balance sheet.
The banking system is an essential element of a market economy. Recently, an active development of the banking system has been observed, which contributes to the growth of the assessment of the level of development and analysis, which are becoming the most important. Constant changes are taking place in the banking sector of the Russian Federation due to the need to evaluate the effectiveness of the entire banking system and analyze the dynamics of changes in indicators.
Financial results of the activities of Sberbank of Russia PJSC and their dynamics for 2013 - 2015 presented in table 1.
As Table 1 shows, the bank's interest income increased and amounted to 154.2% in 2015 compared to the level of 2013. Interest expense over this period increased 2.13 times. The dynamics of these indicators is presented in Figure 4.
Table 1. - Financial results of the activities of PJSC Sberbank of Russia, billion rubles
Indicators | 2013 year | 2014 year | 2015 year | 2015 in% |
by 2013 | ||||
Interest income | 1478,6 | 1837,9 | 2279,6 | 154,2 |
Interest expense | 587,8 | 785,1 | 1253,2 | 213,2 |
Expenses directly related to deposit insurance | 28,6 | 33,1 | 38,4 | 134,3 |
Net interest income | 862,2 | 1019,7 | 114,6 | |
Net loss from provision for impairment of debt financial assets | 134,9 | 361,4 | 475,2 | 352,3 |
Fee and commission income | 253,7 | 329,5 | 384,1 | 151,4 |
Commission expenses | 32,4 | 47,2 | 65,1 | 200,9 |
Operating income | 959,9 | 939,3 | 954,6 | 99,4 |
Operating expenses | 504,2 | 565,1 | 623,4 | 123,6 |
Profit before tax | 455,7 | 374,2 | 331,2 | 72,7 |
Income tax expense | 93,7 | 83,9 | 108,3 | 115,6 |
Net profit | 290,3 | 222,9 | 61,6 |
Fig 1. Dynamics of interest income and expenses of Sberbank of Russia PJSC for 2013 - 2015, billion rubles
Commission income of the bank increased by 51.4%, and commission expenses increased by 2 times. The bank’s operating income decreased from 959.9 billion rubles. in 2013 to 954.6bn. rub. in 2015, operating expenses increased by 23.6%.
The bank's profit before tax decreased from 455.7 billion rubles. in 2013 to 331.2bn. rub. in 2015 (by 27.3%). Net profit of the bank decreased from 362 billion rubles. in 2013 to 222.9 billion. rub. in 2015
Dynamics of interest income of the bank in 2013 - 2015 presented in table 2.
Table 2. - Dynamics of interest income of Sberbank of Russia PJSC, billion rubles
Title of Articles | 2013 year | 2014 year | 2015 year | 2015 as% of 2013 |
Loans and advances to customers | 1335,7 | 1668,7 | 156,1 | |
Debt | 98,2 | 107,5 | 117,4 | 119,6 |
Debt | 24,9 | 34,4 | 34,8 | 139,8 |
Bank funds | 18,6 | 22,8 | 207,3 | |
Bank Correspondent Accounts | 0,5 | 0,6 | 2,7 | 540,0 |
Debt trading securities | 4,2 | 4,2 | 60,0 | |
Debt securities whose change in fair value is recognized in profit or loss | 1,2 | 3,8 | 12,4 | 1033,3 |
Other interest income | 0,1 | 0,1 | 0,3 | 300,0 |
Interest income - total | 1478,6 | 1837,9 | 2279,6 | 154,2 |
As Table 2 shows, the bank’s interest income consists of loans and advances from customers, the value of which in 2015 compared to 2013 increased by 56.1%.
The second place in the structure of the bank's interest income is held by debt investment securities. Funds in banks increased from 11 billion rubles. in 2013 to 22.8bn. rub. in 2015, correspondent accounts in banks increased from 0.5 billion rubles. up to 2.7 billion rubles. In general, over the past three years, interest income of Sberbank of Russia increased by 54.2%.
Dynamics of bank interest expenses for 2013 - 2015 presented in table 3.
The amount of interest expenses of the bank increased by more than 2.1 times. The largest share in the structure of interest expenses is held by term deposits of individuals, the value of which increased in 2015 compared to 2013 by 70.7%.
Table 3.- Dynamics of interest expenses of Sberbank of Russia PJSC, billion rubles
Title of Articles | 2013 year | 2014 year | 2015 year | 2015 as% of 2013 |
Term deposits of individuals | 304,1 | 313,6 | 170,7 | |
Term deposits of legal entities | 104,7 | 152,9 | 273,7 | 261,4 |
Term deposits of banks | 164,2 | 219,2 | 342,5 | |
45,2 | 52,7 | 91,5 | 202,4 | |
Subordinated loans | 25,1 | 35,9 | 187,3 | |
Current / settlement accounts of legal entities | 21,9 | 35,3 | 68,4 | 312,3 |
Current accounts / demand accounts of individuals | 10,9 | 15,9 | 145,9 | |
Other borrowed funds | 8,7 | 12,8 | 12,8 | 147,1 |
Bank correspondent accounts | 2,1 | 2,7 | 4,5 | 214,3 |
Other interest expenses | 1,1 | 1,2 | 109,1 | |
Interest expense - total | 587,8 | 785,1 | 1253,2 | 213,2 |
Term deposits of legal entities increased from 104.7 billion rubles. in 2013 to 273.7 billion rubles. in 2015 (more than 2.6 times). The bank issued debt securities in the amount of 45.2 billion rubles. in 2013, 52.7 billion rubles. in 2014 and 91.5 billion rubles. in 2015 (an increase of 2 times).
To analyze the formation and use of assets and liabilities of Sberbank of Russia PJSC, we will compile its aggregate balance sheet (table 4).
Table 4. - Aggregated balance sheet of PJSC Sberbank of Russia, billion rubles
Title of Articles | 01/01/2014 | 01/01/2015 | 01/01/2016 | 2015 year |
in% to 2013 | ||||
ASSETS | ||||
2308,8 | 2333,6 | 175,9 | ||
251,5 | 365,7 | 387,9 | 154,2 | |
118,7 | 921,7 | 866,8 | 730,2 | |
Bank funds | 330,5 | 240,8 | 750,6 | 227,1 |
Loans and advances to customers | 12933,7 | 17756,6 | 18727,8 | 144,8 |
1343,8 | 1169,3 | 16,5 | ||
Available-for-sale investment securities | 476,2 | 829,7 | 1874,3 | 393,6 |
Held-to-maturity investment securities | 202,5 | 117,9 | 477,7 | 235,9 |
Deferred tax asset | 12,3 | 19,1 | 17,3 | 140,7 |
Fixed assets | 477,3 | 496,4 | 499,2 | 104,6 |
3,1 | 212,7 | 6861,3 | ||
Other financial assets | 406,2 | 562,9 | 664,5 | 163,6 |
Other non-financial assets | 327,5 | 339,9 | 300,3 | 91,7 |
Total assets | 18210,3 | 25200,8 | 27334,7 | 150,1 |
Bank funds | 2111,3 | 1045,9 | 49,5 | |
Funds of individuals | 8435,8 | 9328,4 | 12043,7 | 142,8 |
Corporate Client Funds | 3628,4 | 6234,5 | 7754,6 | 213,7 |
Debt Securities Issued | 853,4 | 1302,6 | 1378,5 | 161,5 |
Other borrowed funds | 499,1 | 537,2 | 79,7 | |
Deferred tax liability | 23,8 | 45,3 | 554,6 | |
Other financial liabilities | 299,5 | 1213,6 | 1330,9 | 444,4 |
Other non-financial liabilities | 52,7 | 51,4 | 69,6 | 132,1 |
Subordinated loans | 424,7 | 769,5 | 806,5 | 189,9 |
Total liabilities | 16328,9 | 23180,7 | 24959,7 | 152,9 |
OWN FUNDS | ||||
Authorized capital | 87,7 | 87,7 | 87,7 | 100,0 |
Own shares repurchased from shareholders | 7,2 | 7,6 | 6,7 | 93,1 |
Share premium | 232,6 | 232,6 | 232,6 | 100,0 |
Office Property Revaluation Fund | 75,8 | 72,3 | 69,3 | 91,4 |
Revaluation Fund for Available-for-Sale Investment Securities | 1,3 | 171,4 | 45,7 | 3515,4 |
Foreign exchange accumulation fund | 13,7 | 83,2 | 101,1 | 738,0 |
retained earnings | 1495,2 | 1718,8 | 1935,2 | 129,4 |
Total equity held by the bank’s shareholders | 1871,7 | 2015,6 | 2372,8 | 126,8 |
Non-controlling interest | 9,7 | 4,5 | 2,2 | 22,7 |
Total equity | 1881,4 | 2020,1 | 126,2 | |
Total liabilities and equity | 18210,3 | 25200,8 | 27334,7 | 150,1 |
A bank’s assets are its property that has a cash equivalent. It is customary to divide assets into groups: cash, bank loans, investments and real estate.
Present the asset structure of Sberbank of Russia PJSC in table 5.
Table 5.- Dynamics and structure of assets of Sberbank of Russia PJSC
Title of Articles | 2013 year | 2014 year | 2015 year | 2015 as% of 2013 | |||
billion rubles | % | billion rubles | % | billion rubles | % | ||
Cash and cash equivalents | 7,29 | 2308,8 | 9,16 | 2333,6 | 8,54 | 175,9 | |
Mandatory reserve accounts with central banks | 251,5 | 1,38 | 365,7 | 1,45 | 387,9 | 1,42 | 154,2 |
Financial assets at fair value through profit or loss | 118,7 | 0,65 | 921,7 | 3,66 | 866,8 | 3,17 | 730,2 |
Bank funds | 330,5 | 1,81 | 240,8 | 0,96 | 750,6 | 2,75 | 227,1 |
Loans and advances to customers | 12933,7 | 71,02 | 17756,6 | 70,46 | 18727,8 | 68,51 | 144,8 |
Securities pledged under repurchase agreements | 1343,8 | 7,38 | 1169,3 | 4,64 | 0,81 | 16,5 | |
Available-for-sale investment securities | 476,2 | 2,62 | 829,7 | 3,29 | 1874,3 | 6,86 | 393,6 |
Held-to-maturity investment securities | 202,5 | 1,11 | 117,9 | 0,47 | 477,7 | 1,75 | 235,9 |
Deferred tax asset | 12,3 | 0,07 | 19,1 | 0,08 | 17,3 | 0,06 | 140,7 |
Fixed assets | 477,3 | 2,62 | 496,4 | 1,97 | 499,2 | 1,83 | 104,6 |
Disposal group assets and non-current assets held for sale | 3,1 | 0,02 | 0,29 | 212,7 | 0,78 | 6861,3 | |
Other financial assets | 406,2 | 2,23 | 562,9 | 2,23 | 664,5 | 2,43 | 163,6 |
Other non-financial assets | 327,5 | 1,80 | 339,9 | 1,35 | 300,3 | 1,10 | 91,7 |
Total assets | 18210,3 | 25200,8 | 27334,7 | 150,1 |
The largest share in assets is held by loans and advances to customers (71.02% in 2013, 70.46% in 2014 and 68.51% in 2015). Cash and cash equivalents account for 7.29% of the total asset structure in 2013, 9.16% in 2014 and 8.54% in 2015. Fixed assets in the total value of assets account for 2.62% in 2013. ., 1.97% in 2014 and 1.83% in 2015.
After analyzing the dynamics of the development of the main indicators of banking activity, we can conclude that, in general, Sberbank PJSC demonstrates an active growth of indicators.
LITERATURE
1. Zhilyakov, D. I. Financial and economic analysis. Study. allowance [Text] / D. I. Zhilyakov, V. G. Zaretskaya. / - M.: KNORUS. - 2012 .-- 368 p.
2. Zverkova T. Analysis of the activities of a commercial bank. [Text] / T.Zverkova / 2011. - 100 p.
3. Website of Sberbank of the Russian Federation, details [electronic resource] - Access mode: http://www.sberbank.ru/ru/about/today/requisites/, free. - Zagl. from the screen.
The modern banking system is the most important area of \u200b\u200bthe national economy of any developed country and state.
Commercial banks, acting in accordance with the country's monetary policy, regulate the movement of funds, affecting the speed of their circulation, total weight, issue, including the amount of cash in circulation.
The current difficult economic situation in Russia due to the sanctions imposed against enterprises and organizations shows a number of negative factors, which, inter alia, affect the profit and profitability of banks.
The main objective of a commercial bank is to maximize profits, subject to its long-term functioning and stable market position.
The amount of profit or loss received by the bank, being the final financial result, reflects the results of all its activities, active and passive operations.
Profit of a commercial bank is the main financial result of its activities, defined as the difference between income and expenses. In turn, the profitability of the bank is an indicator of the effectiveness of its use of cash or other resources.
Revenues, expenses and profits are a reflection of a set of objective and subjective factors affecting the activities of the bank: customer base, location, availability of sufficient facilities to serve the clientele, level of competition, etc.
Revenues are cash receipts from its production and non-production activities. A commercial bank can receive income from both primary and secondary activities, as well as have random incomes that are classified as others. It follows that the bank’s source of income is its main and secondary activities. Part of the proceeds of a commercial bank is used to create reserves to cover potential risks. The aggregate of all income of a commercial bank is called gross income.
Sberbank of Russia PJSC is the largest universal bank in Russia, which provides banking services to legal entities and individuals. License number 1481 dated August 11, 2015. The Bank is a member of the deposit insurance system. Authorized capital 67.7 billion rubles. It is a public joint-stock company, 52.3% of the shares are owned by the Central Bank of the Russian Federation, the remaining 47.6% of the shares are in public circulation, the owners of which have not been established (including those belonging to minority shareholders).
Let us analyze the main financial results of the activities of Sberbank of Russia PJSC for 2010-2016. according to the profit and loss statement of a commercial bank for seven reporting periods (table 1).
Table 1.
The main financial results of the activities of Sberbank of Russia PJSC for 2010-2016(billions of rubles)
Indicators |
|||||||||||
Net interest income |
|||||||||||
Net fee and commission income |
|||||||||||
Operating income before provisions |
|||||||||||
Operating income |
|||||||||||
Deductions to the reserve for loan impairment |
|||||||||||
Operating expenses |
|||||||||||
Profit before tax |
|||||||||||
Net profit |
More clearly, the indicators of table 1 are presented in figure 1.
Figure 1. Dynamics of the main financial results of the activities of Sberbank of Russia PJSC for 2010-2016.
The data in table 1 and figure 1 show a positive upward trend in profit indicators. It can be seen that over 7 years, the bank's operating income grew by 1047.7 billion rubles. or 161.2%. Profit before tax from 2010 to 2016 also increased by 447.4 billion rubles. or almost three times. Net profit of Sberbank of Russia PJSC increased by 360.3 billion rubles. or almost three times.
Figure 2 presents the dynamics of net profit of the bank. In 2014-2015, the bank's net profit tended to decrease due to the current economic crisis in the country. Net profit of the bank from 362 billion rubles. in 2013 decreased to 290.3 billion rubles. in 2014 and further up to 222.9 billion rubles. in 2015. For two years, the bank lost 139.1 billion rubles. However, in 2016, compared with 2015, the net profit of Sberbank of Russia PJSC increased by 319 billion rubles. or almost 2.5 times.
Next, we will conduct a trend analysis. Trends can be represented by various equations - logarithmic, linear, power, etc. A trend is the main tendency for a certain series (indicator) to change.
Based on the graph data for 2010-2016, a polynomial trend line is plotted in Figure 2, which approximates the empirical fraction well.
Figure 2. Dynamics of net profit of Sberbank of Russia PJSC for 2010-2016
Thus, in Figure 2, there is a distinct upward trend in 2010-2016. If there are no serious changes in politics and economy, and Sberbank of Russia PJSC will work without slowing down, then we can expect that profit in the next year, 2017, will also grow.
List of references:
- Bukato, V.I. Banks and banking operations in Russia / V.I. Bukato, Yu.I. Lviv - M.: Finance and Statistics, 2012. - 498 p.
- Bondar A.P., Kondrashikhin I.A. The main ways to increase profits and profitability of regional banks using the example of Sevastopol Maritime Bank JSC [Electronic resource]. Access mode: http://elibrary.ru/query_results.asp (accessed 04.25.2017)
- Zhukov E.F. Money. Credit. Banks Securities: textbook. allowance. - M.: New Knowledge, 2011 .-- 735 p.
- Zagidullina A.M., Araslanbaev I.V. Profit generation in a commercial bank [Electronic resource]. Access mode: http://elibrary.ru/query_results.asp (accessed 04.25.2017)
- Official site of Sberbank of Russia PJSC [Electronic resource]. Access mode: http://www.sberbank.com (access date 04.24.2017)
Sberbank of Russia PJSC uses the following financial reporting forms:
· Profit and loss statement;
· Report on changes in equity;
· Statement of financial position;
· Statement of other comprehensive income;
· Statement of cash flows.
Below are the statistical reporting forms used by Sberbank of Russia PJSC:
· Form No. 0409202 "Cash flow statement";
· Form No. 0409250 "Information on operations using payment cards and infrastructure designed to perform operations with and without using payment cards to issue (receive) cash and payments for goods (work, services)";
· Form No. 0409251 "Information on customer accounts and payments made through a credit institution (its branch)";
· Form No. 0409255 "Information from credit organizations on the beginning (completion) of the issue and (or) acquiring of payment cards";
· Form No. 0409302 "Information on placed and attracted funds";
· Form No. 0409345 "Data on the daily balances of the insured funds of individuals placed on deposits."
The analysis of technical and economic indicators of Sberbank PJSC of Russia for 2013, 2014, 2015 is presented in table 3.1.
Tables 3.1. Technical and economic analysis of PJSC Sberbank of Russia.
Indicators |
Units |
Deviations, billion rubles |
Rate of change,% |
|||||
Key Figures Income Statement |
||||||||
Net interest income |
in billion rubles |
|||||||
Net fee and commission income |
in billion rubles |
|||||||
Operating income before provisions |
in billion rubles |
|||||||
Operating income |
in billion rubles |
|||||||
Deductions to the reserve for loan impairment |
in billion rubles |
|||||||
Operating expenses |
in billion rubles |
|||||||
Profit before tax |
in billion rubles |
|||||||
Net profit |
in billion rubles |
|||||||
Key balance indicators |
||||||||
Loans and advances to customers |
in billion rubles |
|||||||
Funds in other banks |
in billion rubles |
|||||||
Loan portfolio before provisions for impairment |
in billion rubles |
|||||||
Allowance for loan impairment |
in billion rubles |
|||||||
in billion rubles |
||||||||
Customer funds |
in billion rubles |
|||||||
Private deposits |
in billion rubles |
|||||||
Legal entities funds |
in billion rubles |
|||||||
in billion rubles |
||||||||
Key Quality Indicators |
||||||||
The share of non-performing loans in the loan portfolio |
||||||||
Share of provision for loan impairment in the loan portfolio |
||||||||
Ratio of provision for impairment of loan portfolio to non-performing loans |
Value |
|||||||
Net interest margin |
||||||||
The ratio of expenses to operating income (to reserves) |
||||||||
Loans / Deposits |
||||||||
Return on Assets (ROAA) |
||||||||
Return on equity (ROAE) |
||||||||
Earnings per share, in rubles per share (EPS) |
||||||||
Earnings per share recalculated in rubles per share (adj. EPS) |
||||||||
The value of the shares on the MICEX at the end of the period (in rubles) |
||||||||
Actual headcount |
||||||||
Average number of shares for the period |
||||||||
Capital adequacy ratios |
||||||||
Capital adequacy ratio (Tier 1) |
||||||||
Capital adequacy ratio (Tier 1 and Tier 2) |
According to the table, operating income before provisions increased in 2014 by 17.84% and in 2015 by 9.93%. The excess of the growth rate of operating expenses over incomes decreased the growth of net profit in 2014 by 19.84% and in 2015 by 23.22%.
Loans and advances to bank customers increased in 2014 by 37.29% and in 2015 by 5.47%. The bank's assets in 2014 increased by 38.39% and in 2015 by 8.74%, and the bank's capital increased in 2014 by 7.39% and in 2015 by 17.57%.
In 2014, the capital adequacy ratio decreased by 2 pp and amounted to 8.6%, and in 2015 increased by 0.3 percentage points and amounted to 8.9%. The capital adequacy ratio in 2014 decreased by 1.3 percentage points - up to 12.1%, and in 2015 increased by 0.5 percentage points - up to 12.6%. However, the capital adequacy ratio is significantly higher than the minimum value set by the Basel Committee at 8%.
Financial and economic performance indicators of Sberbank of Russia PJSC
· The total capital of the Bank, calculated in accordance with Bank of Russia Regulation No. 395-P dated December 28, 2012 “On the Methodology for Determining the Equity (Equity) of Credit Institutions of Credit Institutions (Basel III)”, increased by 117.2 compared to January 1, 2016 billion rubles, up to 2,775.3 billion rubles. The source of capital growth was earned profit. Return on assets increased from 0.8% to 2.0%, due to the growth in net profit.
Return on equity for the first half of 2016 increased from 8.0% to 18.9% due to an increase in net profit.
· Net assets decreased compared to January 1, 2016 by 3.7%, or 0.8 trillion. rubles, up to 21.9 trillion. rubles. The net asset dynamics was strongly influenced by the negative revaluation of foreign currency balance sheet items as a result of the ruble appreciation. Thus, net loan debt compared with the beginning of the year decreased by 0.7 trillion. rubles, or 4.0%, which was a consequence of the revaluation of foreign currency loans to legal entities and non-resident banks. Also, the dynamics of net loan debt was affected by the investment of a part of funds previously placed on loans to banks in more profitable instruments, in particular, in securities. Net investments in securities and other financial assets available for sale increased by 16.1%, or by 0.4 trillion. rubles to 2.7 trillion. rubles. The increase in investments in subsidiaries and affiliates is associated with pre-capitalization of subsidiaries. Reduction of cash balances from the beginning of the year by 0.3 trillion. rubles, or 34.4%, which took place mainly in January, due to a seasonal decrease in demand for cash compared to the period of the New Year holidays. 12
· The customer’s funds remain the basis of the Bank’s resource base. Since the beginning of the year, their balance has decreased by 0.7 trillion. rubles, or 3.9%, up to 17.0 trillion. rubles. The dynamics of customer accounts was affected by a negative revaluation of foreign currency balances.
· The financial result (including other comprehensive income from revaluation of securities for sale) amounted to 295.1 billion rubles, which is 89.3 billion rubles, or 43.4%, more than the same indicator last year.
The liquidity indicators of Sberbank of Russia PJSC are presented in Table 2. Commercial deposit bank
For the 1st half of 2016, the total assets of Sberbank of Russia PJSC decreased by 831 billion rubles and in the second quarter amounted to 21,876 billion rubles (against 22,707 billion at the beginning of the year).
The main factors that determined the dynamics of assets were:
· A decrease in the amount of net loan debt (a decrease of 682 billion rubles per year to 16,188 billion rubles);
· A decrease in cash by 252 billion rubles due to a decrease in demand for cash from customers;
· Revaluation of assets at fair value through profit or loss (for 2015 - by 155 billion rubles),
· An increase in investments in securities and other financial assets available for sale, as well as an increase in investments in subsidiaries and affiliates (a total of 598 billion rubles for six months).
Let us analyze the dynamics of absolute indicators of profitability. The data for analysis was taken from the consolidated financial report of Sberbank of Russia PJSC for 2013, 2014 and 2015 and is presented in the Appendices. A, B and. In accordingly.
From January 2013-2015 Sberbank of Russia PJSC showed a negative trend of activity. Key performance indicators of the bank can be seen in Table 2.
Table 2 - Key performance indicators of Sberbank of Russia PJSC
2013 - 2015
Indicators | On December 31. 2013 billion rubles | On December 31. 2014 billion rubles | On December 31. 2015 billion rubles | Dynamics 2013-2014 | Dynamics 2014-2015 | ||
Billion rub. | IN % | RUB bln | IN % | ||||
Capital | 1881,7 | 2020,1 | 2375,0 | +138,4 | +7,4 | +354,90 | +17,6 |
Assets | 18210,3 | 25200,8 | 27334,7 | +6990,5 | +38,4 | +2133,9 | +8,5 |
Net interest income | 862,2 | 1019,7 | 988,0 | -157,5 | -18,3 | -31,70 | -3,1 |
Profit | 455,7 | 374,2 | 331,2 | -81,50 | -17,9 | -43,00 | -11,5 |
Net profit | 362,0 | 290,3 | 222,9 | -71,70 | -19,8 | -67,40 | -23,2 |
Loan portfolio | 32404,9 | +9064,9 | +38,84 | +2478,1 | +7,65 | ||
Loans to individuals | 18626,1 | 19924,3 | +5082,1 | +37,52 | +1298,2 | +6,97 | |
Corporate loans | 13778,8 | 14958,7 | +3982,8 | +40,66 | +1179,9 | +8,56 | |
Earnings per share (EPS) | 16,78 | 13,45 | 10,36 | -3,33 | -19,8 | -3,09 | -23,1 |
The Bank's capital during the analyzed period December 31, 2013- December 31, 2015 increased from 1881.70 billion rubles. up to 2375.00 billion rubles.
In 2013-2014, total assets increased by 6,990.50 billion rubles. (38.4%) and amounted to 25,200.80 billion rubles as of December 31, 2014, and as of December 31, 2015 - 27,334.70 billion rubles). The indicated growth was caused by the growth of the securities portfolio and the increase in lending to customers.
In 2013, Sberbank's profit amounted to 455.70 billion rubles, for 2014 there was a negative trend in profit growth (455.70-374.20 \u003d 81.50 billion rubles), and as of December 31, 2014, profit amounted to 374.20 billion rubles, for 2015 profit also continued to decline and as of December 31, 2016 amounted to 331.2 billion rubles. (374.20-331.20 \u003d 43.00 billion rubles).
Due to the decline in profit, the volume of net profit decreased, which amounted to 362.0 billion rubles as of December 31, 2013. as of December 31, 2014 - 290.30 billion rubles, and as of December 31, 2015 222.9 billion rubles, which is 61.6% less than in 2013.
The portfolio of loans to customers in 2013-2015 increased by 73.3% due to the growth in lending to both individuals and corporate customers. (13.13.2013 - 13544.0 billion rubles, 12.31.2014 - 18826.1 billion rubles, 13.31.2015 - 19924.7 billion rubles).
Earnings per ordinary share for 2013 amounted to 16.8 billion rubles. which is 3.33 billion rubles. more than in 2014 and by 6.42 billion rubles. more than in 2015.
Sberbank of Russia is the largest bank in the Russian Federation and the CIS. Its assets comprise more than a quarter of the country's banking system (26%), and its share in bank capital is at the level of 30% (2015). Founded in 1841, Sberbank of Russia today is a modern universal bank that meets the needs of various groups of customers in a wide range of banking services. Sberbank holds the largest share in the deposit market and is the main creditor of the Russian economy.
ANALYSIS OF ASSETS AND LIABILITIES OF PJSC “SBERBANK OF RUSSIA”
Conducting horizontal and vertical balance analysis is the first stage of assessing the financial condition of a commercial bank.
The structure of assets and liabilities is analyzed not only to determine the degree of diversification of banking operations and identify the dangers that the bank causes an excessive increase in the same type of operations (even very profitable at the moment). For a more detailed analysis of Sberbank of Russia PJSC, we will present below the tables of the structure and dynamics of assets (Table 3, 4) and liabilities (Table 5, 6), in which the Bank's indicators for 2013,2014 and 2015 are indicated (data in Appendix A, B and C, respectively), the specific gravity and dynamics of the given indicators are also calculated. A conclusion is drawn from the data presented.
Table 3 - Analysis of the asset structure of the balance sheet of PJSC Sberbank of Russia for 2013 - 2015
Indicator | As of December 31, 2013 | December 31, 2014 | As of December 31, 2015 | |||
billion rubles | Beats weight,% | billion rubles | Beats weight,% | billion rubles | Beats weight,% | |
Cash | 1237,0 | 6,79 | 2308,8 | 9,16 | 2333,60 | 8,54 |
251,50 | 1,38 | 365,70 | 1,450 | 387.90 | 1,42 | |
330,50 | 1,81 | 240,80 | 0,960 | 750,60 | 2,75 | |
2141,20 | 11,76 | 1969,70 | 7,820 | 1665,00 | 6,09 | |
12933,70 | 71,02 | 17756,60 | 70,460 | 18727,80 | 68,51 | |
477,30 | 2,62 | 496,40 | 1,970 | 499,20 | 1,83 | |
Other assets | 839,10 | 4,61 | 2062,80 | 8,190 | 3358,50 | 10,87 |
Total assets | 18210,30 | 100,00 | 25200,80 | 100,00 | 27334,70 | 100,00 |
The dominant items in the structure of assets throughout the analyzed period are Cash, Net loan debt and Net investment in securities. The remaining indicators have a small proportion, but still form total assets.
Table 4 - Analysis of the dynamics of the assets of the balance sheet of PJSC Sberbank of Russia for 2013-2015
Indicators | As of December 31, 2013, billion rubles. | On December 31. 2014 billion rubles | On December 31. 2015 billion rubles | Dynamics 2013-2014 | Dynamics 2014-2015 | ||
billion rubles | in % | billion rubles | in % | ||||
Cash | 1237,0 | 2308,8 | 2333,6 | +1071,8 | +86,6 | +24,8 | +1,1 |
Funds in the Central Bank of the Russian Federation | 251,5 | 365,7 | 387.9 | +114,2 | +45,4 | +22,2 | +6,1 |
Funds in credit organizations | 330,5 | 240,8 | 750,6 | -89,7 | - 27,1 | +509,8 | +211,7 |
Net investment in securities | 2141,2 | 1969,7 | 1665,0 | -171,5 | - 8,0 | - 304,7 | -15,5 |
Net loan debt | 12933,7 | 17756,6 | 18727,8 | +4822,9 | +37,3 | +971,2 | +5,5 |
Fixed assets, inventories | 477,3 | 496,4 | 499,2 | +19,1 | +4,0 | +2,8 | +0,6 |
Other assets | 839,1 | 2062,8 | 3358,5 | +1223,7 | +145,8 | +1295,7 | +62,8 |
Total assets | 18210,3 | 25200,8 | 27334,7 | +6990,5 | +38,4 | +2133,9 | +8,5 |
For the analyzed period (01.2013–31.12.2015), total assets increased by 50.1% and reached 27334.7 billion rubles. The growth was based on loans to customers and investments in securities.
The share of funds held by the Central Bank of the Russian Federation until 2013 had an average value of 33% and amounted to 251.5 billion rubles as of December 31, 2013, then a negative growth trend of funds held by the Central Bank of the Russian Federation appeared (as of December 31, 2014- 365.7 billion rubles, as of December 31, 2015 - 387.9 billion rubles).
Net investments in securities in 2013 decreased by 171.5 billion rubles. or 8.0% and amounted to 12/19/2013 - 1969.7 billion rubles. In 2014, the volume of securities decreased by 304.7 billion rubles. or by 15.5% and as of December 31, 2015 amounted to 1665.0 billion rubles.
In 2013, cash increased significantly by 1071.8 billion rubles. or 86.6% and amounted to December 31, 2014 - 2308.8 billion rubles. Over the period for 2015, their growth continued, but not so much more than last year and as of December 31, 2015, this value is 2333.6 billion rubles, or 1.1%.
Funds invested in other assets increased over the analyzed period by about 300%, and from 839.1 billion rubles. increased to 3358.5 billion rubles.
For the analyzed period (December 31, 2013- December 31, 2015), total liabilities increased by 52.9% and reached 24,959.7 billion rubles as of December 31, 2015. The basis of growth was loans to customers and funds of the Central Bank of the Russian Federation.
In 2013, equity amounted to 2111.3 billion rubles, in 2014 increased by 1528.7 billion rubles, and amounted to 3 640.0 billion rubles, but then a significant decrease in equity by 2594.1 billion rubles followed . and as of December 31, 2015 amounted to 1,045.9 billion rubles.
From December 31, 2013 to December 31, 2015, funds of individuals increased from 8435.8 billion rubles. up to 12 043.7 billion rubles. (12/31/2014 - 9328.4 billion rubles)
The amount of issued debt instruments increased by 61.5% and amounted to 1 378.5 billion rubles as of December 31, 2015. (12/31/2013 - 853.4 billion rubles; 12/31/2014 - 1 302.6 billion rubles).
Table 5 - Analysis of the dynamics of the liabilities of the balance sheet of PJSC "Sberbank of Russia" for 2013-2015
Indicators | On December 31. 2013 billion rubles | On December 31. 2014 billion rubles | On December 31. 2015 billion rubles | Dynamics 2013-2014 | Dynamics 2014-2015 | ||
billion rubles | in % | billion rubles | in % | ||||
Bank funds | 2111,3 | 3 640,0 | 1 045,9 | +1528,7 | +72,4 | -2594,1 | -71,3 |
Funds of individuals | 8435,8 | 9 328,4 | 12 043,7 | +892,6 | +10,6 | +2715,3 | +29,1 |
3628,4 | 6 234,5 | 7 754,6 | +2606,1 | +71,8 | +1520,1 | +24,4 | |
853,4 | 1 302,6 | 1 378,5 | +449,2 | +52,6 | +75,9 | +5,8 | |
Other borrowed funds | 499,1 | 537,2 | 398,0. | +38,1 | +7,6 | -139,2 | -25,9 |
23,80 | 45,3 | 132,0 | +21,5 | +90,3 | +86,7 | +191,4 | |
291,7 | 1 271,8 | 1 330,9 | +980,1 | +336,0 | +59,1 | +4,6 | |
60,7 | 51,4 | 69,6. | -9,3 | -15,3 | +18,2 | +35,4 | |
Subordinated loans | 424,7 | 769,5 | 806,5 | +344,8 | +81,2 | +37,0 | +4,8 |
Total obligations | 16328,9 | 23 180,7 | 24959,7 | +6851,8 | +42,0 | +1779,0 | +7,7 |
Due to corporate customers in 2013 amounted to 3628.4 billion rubles, while in 2014 funds increased by 2606.1 billion rubles. or 71.8%. And they amounted to 6,234.5 billion rubles, and as of December 31, 2015 they amounted to 7,754.6 billion rubles, which is 1,520.1 billion rubles. or 24.4% more than the previous year.
The borrowed funds of the bank increased to 398.0 billion rubles. (December 31, 2013 - 499.1 billion rubles; December 31, 2014 - 537.2 billion rubles)
The main resource base of the Bank remains deposits of individuals, whose share in total liabilities is the largest percentage.
Table 6 - Analysis of the structure of the liability of the balance sheet of PJSC “Sberbank of Russia” for 2013 - 2015
Indicator | On December 31. 2013 | On December 31. 2014 | On December 31. 2015 | |||
billion rubles | Beats weight,% | billion rubles | Beats weight,% | billion rubles | Beats weight,% | |
Bank funds | 2111,3 | 12,9 | 15,7 | 1045,9 | 4,2 | |
Funds of individuals | 8435,8 | 51,7 | 9328,4 | 40,2 | 12043,7 | 48,3 |
Corporate Client Funds | 3628,4 | 22,2 | 6234,5 | 26,9 | 7754,6 | 31,1 |
Debt Securities Issued | 853,4 | 5,2 | 1302,6 | 5,6 | 1378,5 | 5,5 |
Other borrowed funds | 499,1 | 3,1 | 537,2 | 2,3 | 1,6 | |
Deferred tax liability | 23,8 | 0,1 | 45,3 | 0,2 | 0,5 | |
Other financial liabilities | 291,7 | 1,8 | 1271,8 | 5,5 | 1330,9 | 5,3 |
Other non-financial liabilities | 60,7 | 0,4 | 51,4 | 0,2 | 69,6 | 0,3 |
Subordinated loans | 424,7 | 2,6 | 769,5 | 3,3 | 806,5 | 3,2 |
Total obligations | 16328,9 | 100,0 | 23180,7 | 100,0 | 24959,7 | 100,0 |
In the structure of liabilities, the dominant items throughout the analyzed period are Customer accounts and Bank equity, in a small proportion of the funds of the Central Bank of the Russian Federation. The remaining indicators have an insignificant specific weight, but nevertheless form the total liabilities.