Sberbank of Russia has published the results of its financial activities for the past seven months in 2009 under RAS.

dynamics of the main articles of the income statement compared to seven months of 2008:

• Operating income before the establishment of reserves for possible losses increased by 34,5%;

• net interest income grew by 44.1%;

• Net commission income increased by 9,3%;

• Operating expenses decreased by 3.6%;

• costs of establishing reserves for possible losses increased by 8 times;

• Profit before tax from the profit amounted to 8.9 billion rubles. against 107.1 billion rubles for 7 months of 2008;

• Net profit amounted to 6.8 billion rubles, as against 81.8 billion rubles in the last 7 months of 2008.

balance of the bank for seven months of 2009 decreased by 2,0% to 6 586 billion rubles. Reducing liabilities occurred, mainly by reducing the volume of resources attracted from the Bank of Russia, and some outflow of funds from the accounts of corporate clients, the report said Sberbank. The corresponding reduction of assets affected, mainly cash bank and retail credit.

Bank continued to actively lend to the real economy - for seven months of Russia's enterprises were granted loans amounting to about 2 700 billion rubles. As a result, the size of the loan portfolio of legal persons increased by 7,2% to 4 268 billion rubles.

loan portfolio of retail loans continued to decline because of low public demand for loans: for seven months, the portfolio has decreased by 6,7% to 1 173 billion rubles. It is worth noting that the rate of reduction of the portfolio in June slowed down, and in July, the portfolio has decreased by a small amount (-0.3 billion rubles, or -0.03%), and in some regions in July saw an increase in the loan balance.

bank portfolio increased by 19.0% to 583.4 billion rubles, mainly through the acquisition of corporate bond issuers Russia, which is a form of financing of the economy.

volume of bank investments in corporate bonds rose to 7 months to 84 billion rubles, including for July - 25 billion rubles. Among the acquired securities - bonds of JSC RZD, OAO Gazprom, OAO MTS, OAO Severstal, OAO Lukoil, etc. The share of corporate bonds in the portfolio since the beginning of the year rose from 17% to 29%, the share of government securities and sub-federal bonds fell from 80% to 66%.

continued growth attracted from individuals - for the seven months of this year, their volume increased by 256 billion rubles to 3 380 billion, is allowed to fully compensate the outflow of funds of legal entities, the balance of which fell during the same period by 186 billion rubles to 1 615 billion

Own funds (capital) of the bank in July of this year decreased by 0,2% and on 1 August 2009 amounted to 1 336 billion rubles. Reduction of capital due to the redemption of Sberbank part of its subordinated Eurobonds. Since the beginning of 2009 the bank's capital increased by 15,5%. Capital adequacy on August 1, 2009 stands at 22,9%.
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