Sberbank - Annual Report 2010 - Operating Expenses

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# Operating Expenses

RUB m | 2010 | 2009 | Change, %
--- | --- | --- | ---
Staff costs | 161,180 | 128,624 | 25.3
Depreciation of premises and equipment and other costs related to premises and equipment | 60,792 | 52,838 | 15.1
Administrative and information services expenses | 22,414 | 17,700 | 26.6
State deposit insurance system membership fee | 16,718 | 13,047 | 28.1
Taxes other than on income | 12,586 | 10,282 | 22.4
Other | 8,929 | 6,786 | 31.6
Total operating expenses | 282,619 | 229,277 | 23.3
Cost to income ratio, % | 42.4% | 35.4% | 7.0 п.п.

The Group’s operating expenses added 23.3% to RUB 282.6bn in 2010. The growth was largely driven by higher staff costs (up 25.3% to RUB 161.2bn). The Bank had planned to raise salaries in 2010 in order to bring them in line with current market levels. Other drivers of operating expense growth were depreciation and maintenance charges on premises and equipment, and telecommunication and current administrative expenses. These expense items increased as the Group resumed investments in infrastructure projects designed to implement its long-term development strategy.

- Statement of Comprehensive Income
- Interest Income and Expenses
- NetFee and Commission Income
- Financial Result From Operations with Securities
- Gains from Operations with Foreign Furrencies
- Operating Expenses
- Provision for Loan Impairment

## History

- Gains from Operations with Foreign Furrencies
- Financial Result From Operations with Securities
- NetFee and Commission Income
- Interest Income and Expenses
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