Sberbank announced the losses, the reduction in total assets, a decline in profits and reduce 16 thousand employees
Moscow-Live.ru / Akishin Vyacheslav
From the report it also became known that the net profit of Sberbank under IFRS for 9 months of 2019 has decreased by 3.4% to 633 billion rubles, compared with the figure for the same period of the previous year
AGN Moscow / Kirill Zykov
«Sberbank» from the beginning of 2019 has reduced their workforce by 16 134 people, to the report of the state Bank under international financial reporting standards (IFRS).
«The actual number of employees (FTE) as of September 30, 2019 277 618 (31 December 2018: 293 752 people)», — the report says.
In 2018, the Bank reduced staff by 16.5 thousand employees, to 293,752 thousand. Then in a press-service of Sberbank explained that this practice is implemented to optimize the number, in which reduced vacant positions, employees retire, new ones on their places are not taken, reports TASS.
From the report it also became known that the net profit of Sberbank under IFRS for 9 months of 2019 has decreased by 3.4% to 633 billion rubles, compared with the figure for the same period of the previous year.
In the third quarter, «Sberbank» has received net profit in the amount of 156.1 billion rubles, which is by 31.57% lower than in the same period of 2018.
As explained by Deputy Chairman of the Bank Alexander Morozov, «on the results of the quarter was affected by the recognition of the loss of 73.3 billion rubles from the sale of Denizbank, mainly associated with the reclassification of cumulative translation differences equity in the income statement, as well as the payment of income tax made in accordance with the Russian accounting standards (RAS)».
Net interest income of the Bank for the reporting period increased by 0.26% to 1.04 trillion rubles., and in III quarter has decreased on 1,5% and made 353,9 RUB bn Net fee and Commission income for January — September grew 9.9% to 349,6 billion rubles, and in the third quarter amounted to 130 billion roubles that almost on 15,2% more than the year before.
The profitability of the capital of «Sberbank» for the III quarter decreased to 22.4% as against 24.3% a year earlier, net interest margin decreased to 5.13% as against 5.75%.
The Bank’s loan portfolio as at 30 September amounted to 21.2 trillion rubles, which is 0.6% more than at the end of 2018.
Corporate loans decreased 5.4%, to 13.56 trillion rubles, and individuals — increased by 13.1% to 7.63 trillion.
«The retail loan portfolio showed a 5% increase for the quarter to 7.6 trillion rubles. A significant impact on the demand for mortgages from customers had a decrease in interest rates… the Corporate portfolio (including loans measured at amortized cost and fair value) showed a positive trend in all currencies increased by 1.7% to 13.6 trillion rubles in the quarter on the background of the accelerated growth of loans to small and medium business, about 6% for the quarter,» the Bank said.
Total assets of «Sberbank» for the half decreased 3% to 30.25 trillion.
The loss of «Sberbank» of international business at the January — September 2019 amounted to 47.4 billion rubles, while for the same period a year earlier, the loss amounted to 3 billion rubles.
In this case, for the third quarter of this year, the net loss from international operations amounted to 93,2 billion rubles a year earlier, the «savings Bank» made a profit for this segment in the amount of 7.4 billion rubles.
For the first half of 2019 «Sberbank» has received from the international business profit of 45.8 billion RUB. against a loss of 10.4 billion RUB over the same period last year.