13/7 Tass 133
MOSCOW, July 13 (Itar-Tass) —— Net profit of Russia’s biggest state-controlled bank – Sberbank (Savings Bank) amounted to 171.3 billion roubles (USD 1 = RUB 28.38) in the first six months of the current year, the bank said in a report published on Wednesday. In January-June 2011, the indicator was 60.7 billion roubles more than in the same period of 2010.
In the reporting period of 2011, the bank’s pre-tax profit amounted to 211.6 billion roubles, as compared to 94.8 billion roubles in the same months of 2010, the report said.
In January-June 2011, Sberbank’s operational incomes went up by 70 percent, while the bank’s operational expenditures increased by 24.1 percent, the report said.
In the first half of the year, the bank’s assets grew by 423 billion roubles to make up 8.971 billion roubles, which was five percent more than in the same period of 2010, Sberbank wrote in the report.
In June 2011, the bank’s assets increased by 141 billion roubles, the report said. Besides, Sberbank granted over 365 billion roubles to Russian corporate clients in June, and more than 2.15 trillion roubles in the first six months of the year.
In June 2011, the bank granted more than 97 billion roubles of loans to private clients, the report wrote, adding that the total sum for private credits reached 490 billion roubles in the first half of the year.
The bank’s investments in securities decreased by 234 billion roubles in June 2011, to stand at 1.463 billion roubles as of July 1, the Sberbank’s report said.
In the period under review, the share of public bonds in the bank’s portfolio went down from 63 percent to 54 percent, while the share of corporate bonds shrank from 24 percent to 20 percent as of July 1, 2011.
Besides, the total amount of personal deposits in the bank increased by 113 billion roubles to 5.058 billion roubles, Sberbank said in the report.
In June 2011, Sberbank’s stock increased by 12 billion roubles to make up 1,391 billion roubles, the report said. The bank’s capital has gone up by 12 percent since the beginning of the year. As of July 1, 2011, the capital adequacy ratio reached 18 percent.