Sberbank Invested Clients’ Funds into Debt Securities
17.03.2016
In 2015 Sberbank increased volume of investments into corporate debt securities therefore extending its investment portfolio by one third while loan portfolio increased only by 7%.
Bank’s report published in the middle of March 2016 cites the following data. In terms of numbers, investment portfolio of the bank increased from 2.2 to 2.9 trillion rubles. The major part includes corporate securities, their volume increased from 0.9 to 1.87 trillion rubles. Corporate debt securities and federal eurobonds demonstrated more intense growth.
From January 2016 and till the moment of preparing the report, the volume of corporate securities increased from 197 to 682 billion rubles. Whereas eurobonds demonstrated an impressive leap: from 2.8 to 281 billion rubles. Insignificant growth was noted in federal bonds – their volume jumped almost by 50%: from 365 to 639 billion.
It is important to note one detail related to a special “held-to-maturity” category of securities. Its volume increased almost four times: from 118 to 477.7 billion rubles. As for corporate debt securities, the growth was more substantial: from 44 to 247 billion rubles, more than six times.
Anastasia Belyanina, the IT Director of the bank, noted that ingoing funds were invested in the most reliable assets with sound liquidity. Preference was given to bonds of large companies. According to the last year report (2015), volume of customer deposits increased more than by one fourth (27%). In terms of money it is almost twenty trillion rubles. In turn, volume of corporate deposits increased by 24.4%, while retail deposits – by 29.1%.
Andrey Klapko, one of Gazprombank analysts, noted that volume of loan portfolio grows slower than deposits’ volume. Against this background banks intend to put available capital to good effect to derive profits from purchasing debt securities. The analyst is confident that bond portfolio growth is a good sign as bank gives priority only to liquid and reliable assets. It helps in reducing credit risk. Comparing with classic loans, when bank on its own evaluates risk level, in case of debt securities the whole market is evaluated.
The expert also stated that dealings in debt instruments are not the major but at least additional item of profit that promotes overall income of the banking institution at 2015 year-end. Thus, last year bank succeed to receive net revenue from dealings in stock instruments for a total of 5.8 billion rubles. Comparing with losses of the year before last (7.1 billion rubles), this is a great indicator. Thanks to revaluation of stock instruments in its portfolio the bank received 12.5 billion. As a comparison, the year before last (2014) bank’s losses reached 8.4 billion rubles.
Olga Naidenova, an analyst at BCS, noted consistency of bank’s policy at the background of economic problems and decrease in demand for loans. Volume of credit portfolio has been increasing slowly due to overestimation of the currency. Taking into account results represented in the report, it is clear that volume of loan portfolio increased in 2015 only by 1.1%. As for the retail portfolio, Naidenova marks off even worse trend - 1%.
At the end of last year the volume of loan portfolio reached 19.9 trillion rubles, increasing by 7%. Almost 15 billion of this amount were spent for corporate loans, and 5 trillion – for retail loans. That said, general loan portfolio of population increased by 2.4% during the year. Such success is attributed mostly to real-estate loans.
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Bank’s report published in the middle of March 2016 cites the following data. In terms of numbers, investment portfolio of the bank increased from 2.2 to 2.9 trillion rubles. The major part includes corporate securities, their volume increased from 0.9 to 1.87 trillion rubles. Corporate debt securities and federal eurobonds demonstrated more intense growth.
From January 2016 and till the moment of preparing the report, the volume of corporate securities increased from 197 to 682 billion rubles. Whereas eurobonds demonstrated an impressive leap: from 2.8 to 281 billion rubles. Insignificant growth was noted in federal bonds – their volume jumped almost by 50%: from 365 to 639 billion.
It is important to note one detail related to a special “held-to-maturity” category of securities. Its volume increased almost four times: from 118 to 477.7 billion rubles. As for corporate debt securities, the growth was more substantial: from 44 to 247 billion rubles, more than six times.
Anastasia Belyanina, the IT Director of the bank, noted that ingoing funds were invested in the most reliable assets with sound liquidity. Preference was given to bonds of large companies. According to the last year report (2015), volume of customer deposits increased more than by one fourth (27%). In terms of money it is almost twenty trillion rubles. In turn, volume of corporate deposits increased by 24.4%, while retail deposits – by 29.1%.
Andrey Klapko, one of Gazprombank analysts, noted that volume of loan portfolio grows slower than deposits’ volume. Against this background banks intend to put available capital to good effect to derive profits from purchasing debt securities. The analyst is confident that bond portfolio growth is a good sign as bank gives priority only to liquid and reliable assets. It helps in reducing credit risk. Comparing with classic loans, when bank on its own evaluates risk level, in case of debt securities the whole market is evaluated.
The expert also stated that dealings in debt instruments are not the major but at least additional item of profit that promotes overall income of the banking institution at 2015 year-end. Thus, last year bank succeed to receive net revenue from dealings in stock instruments for a total of 5.8 billion rubles. Comparing with losses of the year before last (7.1 billion rubles), this is a great indicator. Thanks to revaluation of stock instruments in its portfolio the bank received 12.5 billion. As a comparison, the year before last (2014) bank’s losses reached 8.4 billion rubles.
Olga Naidenova, an analyst at BCS, noted consistency of bank’s policy at the background of economic problems and decrease in demand for loans. Volume of credit portfolio has been increasing slowly due to overestimation of the currency. Taking into account results represented in the report, it is clear that volume of loan portfolio increased in 2015 only by 1.1%. As for the retail portfolio, Naidenova marks off even worse trend - 1%.
At the end of last year the volume of loan portfolio reached 19.9 trillion rubles, increasing by 7%. Almost 15 billion of this amount were spent for corporate loans, and 5 trillion – for retail loans. That said, general loan portfolio of population increased by 2.4% during the year. Such success is attributed mostly to real-estate loans.
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