Sberbank boosts retail lending to RAS by 17.4% in 2019, corporate lending down 1.8%
MOSCOW. Jan 15 (Interfax) - Sberbank boosted its retailing lending under Russian Accounting Standards (RAS) 17.4% in 2019, to 7.244 trillion rubles, the lender said in a statement.
The bank's corporate loan portfolio shrank 1.8%, to 13.33 trillion rubles. Loan issuance was at a record high in December in both the retail segment (over 340 billion rubles) and the corporate segment (2.2 trillion).
"Overdue loans decreased by 3.1 billion rubles in December led by the corporate segment. The share of overdue loans in the total loan portfolio went down from 2.21% to 2.18%," the statement reads. At the beginning of 2019, that figure was 2.09%.
Retail deposits grew 4.5%, to 13.625 trillion rubles, while corporate deposits declined 4.7%, to 6.65 trillion. "Combined client deposits and accounts increased by 4.4% for the year excluding the impact of FX revaluation: retail accounts were up by 6.6%, while corporate accounts added 0.3%," the bank said.
Assets grew 2.5%, to 27.706 trillion rubles.