MOSCOW, March 9. /TASS/. The net profit of Sber for 2022 under IFRS decreased by 78% and reached 270.5 bln rubles ($3.56 bln), the bank reported on Thursday.
The net profit of Sber for 2021 under IFRS was 1.246 trillion rubles ($16.41 bln). Total shareholder equity reached 5.8 trillion rubles ($76.58 bln) while CET1 capital ratio increased to 14.8%.
Net interest income increased by 6.6% in annual terms and amounted to 1.875 trillion rubles ($24.76 bln) due to the growing volume of operating assets. Net fee and commission income increased by 15.4% to 697 bln rubles ($9.2 bln), where "income from bank cards operations as well as cash and settlement services were the main contributors." The operating expenses of the group for the reporting period decreased by 1.5% and amounted to 822 bln rubles ($10.85 bln). Cost-to-Income ratio reached 41.6%.
In 2022, total net provision charge against credit quality deterioration, including revaluation of loans at fair value, reached 555 bln rubles ($7.32 bln).
The bank’s retail loan portfolio reached 12.4 trillion rubles ($163.67 bln), growing by 12.2% in FY 2022. The yield on retail loans increased by 64 bp year-on-year to 11.9%. The share of retail loan originations in digital channels surpassed 60% at the end of the year.
Retail funding reached 18.5 trillion rubles ($244.13 bln), up by 7.4% adjusted for the impact of FX revaluation (nominal growth for 2022 was 5.9%). At the same time, corporate funding rose by 17.0% adjusted for the impact of FX revaluation (nominal growth for 2022 was 14.6%) to 11.4 trillion rubles (150.44 bln).