Sberbank - Annual Report 2010 - Key Figures in Accordance with IFRS

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# 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

## History

- Price of Sberbank’s Ordinary Shares
- Voting Shareholder Structure
- International Credit Ratings
- Preventing Insider Trading
- Foreign Investor Relations

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### Key figures

- Operating Income
- Assets
- Net Profit