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30th Efma Convention:
                     Leadership in retail fi
                     L d    hi i     t il finance
     ...
Reforming the Russian Banking Sector
         g                    g
and Sberbank’s Role in the Development
             o...
Rapid G ow o Russian Economy
                 p d Growth of uss   co o y
 34%
                           2006             ...
Russian Banks: Good Potential for G ow
                              uss        s:       oe        o Growth
       325%

 ...
Shortage of Capital as Hindrance to
                                Development
                                D l       ...
Long Funds S o ge
                                               o g u ds Shortage
Trillion RUB
                Deposits
1...
Impacts on the Domestic Banking Sector

      US sub-prime mortgage crunch is limiting access to global capital
          ...
Sberbank Today
                                            Sbe b     od y

              Major Performance Results for 9 M...
Profit G ow
                                   o Growth

                                                                3...
Fundraising
                                              Deposits                        Breakdown of raised funds
      ...
Corporate Lending
     Sector-wise breakdown                                                      Loan book               ...
Corporate Lending Customer-wise

           Corporate loan book                                 Small b i
                ...
Retail Lending
    Retail loan book breakdown                                       Loan book
                            ...
Credit Risk Management

                       Loan book and percentage of loans                                       Ris...
Revenues for 9 Months 2007
                            Revenues
                                                          ...
Fee Income

                            Fee i
                            F income growth
                                ...
Expenses for 9 Months 2007
                            Expenses
                              p                           ...
Capital, Capital Adequacy Ratio

                                      Capital                                            ...
Sberbank Market C p
                                                 Sbe b        e Cap
              RTS index
          ...
Development of the Banking Sector:
        What Has to be Done
        Wh t H t b D
          A i
          Actions to rai...
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Andrey Kazmin Russian Post

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Transcript of "Andrey Kazmin Russian Post"

  1. 1. 30th Efma Convention: Leadership in retail fi L d hi i t il finance 13 p.m. & 14 March 2008 - Paris Andrei Kazmin Director General Russian Post
  2. 2. Reforming the Russian Banking Sector g g and Sberbank’s Role in the Development of Economy Andrey I. Kazmin, I Kazmin, Chairman of the Board and CEO, Sberbank 2008 2008 EFMA’s 30th Annual Convention Paris, March 2
  3. 3. Rapid G ow o Russian Economy p d Growth of uss co o y 34% 2006 GDP growth: Growth over 3 years Russia and 22% industrially y 10% 11% developed 7% 8% 7% 4% 3% 2% 6% 6% countries 2% 2% Growth, % 62% Assets/GDP 52% 45% 42% 42% 44% 38% 41% 35% 37% 35% Banking B ki assets i t in 34% 31% 27% Russia 20 20 20 20 20 20 20 01 02 03 04 05 06 07 (E ) 3
  4. 4. Russian Banks: Good Potential for G ow uss s: oe o Growth 325% Banking assets / 205% GDP *) 148% 106% 92% 91% 74% 52% Ge It a Ja Cz Tu Ka Po Ru 8.9% r ly pa ec rk z lan ss 8.3% m n h ey ak d ia 7.9% an Re hs y pu ta b n lic 6.4% 5.9% Bank loans / 4.4% fixed fi d capital it l investments 2001 2002 2003 2004 2005 2006 *) 2006 4
  5. 5. Shortage of Capital as Hindrance to Development D l t 19,1% 17,0% 16,8% 16,0% 14,9% 14 9% 15,0% 15 0% Capital adequacy 10% (Central Bank’s Standard No. 1) 2003 2004 2005 2006 2007 01.07.07 54% 44% Public 37% offerings by 41% Sberbank and Banking 27% VTB 36% capital and 28% 31% assets growth 16% Capital Assets * Estimate 2004 2005 2006 2007* 5
  6. 6. Long Funds S o ge o g u ds Shortage Trillion RUB Deposits 10 65% Loans Loans in deposits, % 54% 8 42% 6 Changes in the 31% 4 saving behaviour 20% 14% 2 Loans covered by deposits 0 20% 2002 2003 2004 2005 2006 2007 Share of long loans in assets Share of long deposits in liabilities 17% 15% 15% 9% Shortage of l Sh t f long 10% 12% funds 27% 23% 17% 16% 5% 2% 3% 3% 3% 0% 2004 2005 2006 01.07.2007 6
  7. 7. Impacts on the Domestic Banking Sector US sub-prime mortgage crunch is limiting access to global capital markets. Banks re-orient towards domestic funding. Russia’s current Speculative capital account balance is flows out of Russia Russian impaired bankingg Interbank loan sector Demand for Central Bank refinancing rates go up g p instruments goes up Funding base and retail deposits g p Balances of correspondent and p growth goes through a stage of deposit accounts with the Central seasonal slowdown Bank shrink 7
  8. 8. Sberbank Today Sbe b od y Major Performance Results for 9 Months 2007 *) ) 01 Jan.2007, billion 01 October 2007, Growth over 9mo Parameter RUB billion RUB 2007 Net assets 3 574 4 592 28,5% Book profit 112,8 102,9 22.9%* Net profit 87,9 81,2 22.4%* Capital 347 633 82,4% ROAE 28,6% 20,0% ROAA 2,9% , 2,6% , *) All figures here and hereafter are by RAR. * Year on year 8
  9. 9. Profit G ow o Growth 37,2 40 33,9 31,7 27,7 , 27,6 27 6 30 25,9 Billion RUB 20 10 0 Q1 2007 Q2 2007 Q3 2007 Book profit Net profit 1 EUR = 36 62 RUB 36, 9
  10. 10. Fundraising Deposits Breakdown of raised funds 2 435 2 311 2 500 2 148 2 029 Retail deposits 63.2% 63 2% Billion RUB 2 000 1 500 26.3% 01.01.07 01.04.07 01.07.07 01.10.07 Corporate accounts * 1 062 Corporate funds 1 016 Other 1 100 870 7.4% % 822 llion RUB 900 Global borrowings 700 3.1% Bil 500 Q4 2006 Q1 2007 Q2 2007 Q3 2007 * - average daily balance for the quarter 10
  11. 11. Corporate Lending Sector-wise breakdown Loan book 2 578 2 500 2 115 Industry and other 1 999 UB 2 000 1 929 sectors: 55 6% Billion RU 55.6 Trade: 1 500 23.9% 1 000 01.01.07 01.04.07 01.07.07 01.10.07 1 500 Lending quarter wise quarter-wise 1 332 Billion RUB 1 111 Transport Construc R 1 000 917 and Agriculture: tion: communicat 6,5% 5,9% ions: 8.1% 500 Q1 2007 Q2 2007 Q3 2007 11
  12. 12. Corporate Lending Customer-wise Corporate loan book Small b i S ll business loans growth l th ion RUB 388 288 Billi 205 146 Large customers Medium 89 46.6% 46 6% 37.7% 37 7% 01.01.04 01.01.05 01.01.06 01.01.07 01.10.07 Small business loans as percentage of corporate loan book 15.0% 15.5% 14.9% 15.0% 14.5% 13.2% 13 2% Government 13.5% 12.1% authorities: 0.7% Small business 11.5% 01.01.04 01.01.05 01.01.06 01.01.07 01.10.07 12
  13. 13. Retail Lending Retail loan book breakdown Loan book L b k 867 900 794 800 UB 719 Billion RU 695 Consumer loans: 62.8% 700 600 01.01.07 01.04.07 01.07.07 01.10.07 Mortgage loans as percentage of 27.3% retail loan book 30% 27.3% 22.1% 20% 15.2% Car loans 13.0% Mortgage loans 7.6% Other 4.2% 10% 5.7% 5 7% 0% 01.01.04 01.01.05 01.01.06 01.01.07 01.10.07 13
  14. 14. Credit Risk Management Loan book and percentage of loans Risk level overdue 2% 6% 3500 1.1% 1.1% 1.1% 1.0% 5.2% Billion RUB 1% 3000 4% 3 550 3.7% 3.9% 3.5% 3.2% 3.1% 2500 3 077 1% 2% 2 901 2 712 2000 0% 0% 01.01.07 01.04.07 01.07.07 01.10.07 01.01.04 01.01.05 01.01.06 01.01.07 01.07.07 01.10.07 Loans outstanding Loans overdue / loans outstanding 14
  15. 15. Revenues for 9 Months 2007 Revenues Revenues for 9mos 2007, RAR 160 2006 2007 134 122 Interest income on 113 lending: 67.6% 120 103 89 91 llion RUB 80 Bil 40 Fees: 0 Securities: 11.4% 18.1% Q1 Q2 Q3 Other: 2.9% 15
  16. 16. Fee Income Fee i F income growth th Fee i F income breakdown b kd 30 2006 2007 21.3% 24.9 23.0 32.8% 19.0 19 0 19.7 19 7 20 17.6 llion RUB 14.8 15.4% 2.2% Bil 10 13.3% 15.0% 0 Retail cashier/payment services Q1 Q2 Q3 Corporate cashier/payment services Retail lending Corporate lending Bank cards Other 16
  17. 17. Expenses for 9 Months 2007 Expenses p Expenses breakdown for p 120 55% 9mos 2007 Deposit 50.3% insurance: 90 50% Retail d R t il deposits it 47.1% 3.6% interest: 36.7% Billion RUB 45.2% 60 45% 30 40% 0 35% Other: Q1 II квартал Q3 Administrative, 19,2% Expenses Cost / Income operational, staff: Provisions: 31.9% 8,6% 17
  18. 18. Capital, Capital Adequacy Ratio Capital Capital adequacy 600 20% 19.1% 17.7% 15.9% 16% UB 11.7% 11 7% Billion RU 400 12% 602 606 633 8% 10% 200 347 4% 0 0% 01.01.2007 01.04.2007 01.07.2007 01.10.2007 01.01.2007 01.04.2007 01.07.2007 01.10.2007 18
  19. 19. Sberbank Market C p Sbe b e Cap RTS index Ordinaries price (RTS) 01.01.07 01.04.07 01.07.07 01.10.07 01.11.07 110 4.3 4.5 45 4.2 100 3.9 SD) 40 4.0 billion US 90 Cap Ordinari price 3.6 3.4 (USD) 80 ies 3.5 (b 70 60 3.0 01.01.07 01.04.07 01.07.07 01.10.07 01.11.07 Capitalization Ordinaries price (RTS) Historical prices recalculated per new par value 19
  20. 20. Development of the Banking Sector: What Has to be Done Wh t H t b D A i Actions to raise capitalisation i i li i Revise approaches to long funds accumulation and use Improve mechanisms for money supply and I h i f l d refinancing from the Bank of Russia Develop stock market and long-term investment market 20
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