Sberbank - Annual Report 2010 - NetFee and Commission Income

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# NetFee and Commission Income

RUB m | 2010 | 2009 | Change, %
--- | --- | --- | ---
Fee and commission income | 130,949 | 105,723 | 23.9
Cash and settlement transactions with individuals | 41,845 | 34,416 | 21.6
Cash and settlement transactions with legal entities | 40,623 | 36,922 | 10.0
Operations with bank cards | 23,639 | 17,684 | 33.7
Agent commissions on selling insurance contracts | 9,448 | - | -
Operations with foreign currency | 5,858 | 7,889 | (25.7)
Cash collection | 4,445 | 4,145 | 7.2
Guarantees issued | 2,717 | 1,863 | 45.8
Securities transactions | 1,116 | 1,403 | (20.5)
Other | 1,258 | 1,401 | (10.2)
Fee and commission expense | (7,375) | (4,634) | 59.1
Net fee and commission income | 123,574 | 101,089 | 22.2

The Group’s fee and commission income increased to RUB 130.9bn in 2010, 24% up versus 2009, with cash and settlement transactions with legal entities and individuals generating the bulk of this income. Cash services to legal entities and money transfer services to individuals represent the largest items of fee and commission income. The Group is actively looking to increase proceeds from other sources: commissions on agency agreements to sell insurance policies, plastic card operations and operations with foreign currencies and securities, among other things, to diversify the structure of its fee and commission income.

Fee and commission expenses primarily relate to settlement transactions.

- 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

- Interest Income and Expenses
- Recommend Page
- Income Statement
- Statement of Comprehensive Income
- Market Position

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