Sberbank
MOSCOW. Sept 9 (Interfax) - Sberbank's IFRS net profit in the first half of 2009 shrank by 93.2% year-on-year to 4.6 billion rubles, according to a consensus forecast of analysts surveyed by Interfax.
VTB Capital, which provided the most accurate IFRS profit forecast for Sberbank for the first quarter, expects the leading Russian bank to post 5.144 billion rubles in net profit for the second quarter. Therefore, net profit for the first half would come to 5.727 billion rubles.
In the second quarter, Sberbank's net profit went up six-fold compared to the previous quarter to 3.56 billion rubles.
Net interest revenue according to the analysts, increased in the first half by 33% to 225 billion rubles.
Sberbank's operational profit excluding reserve payments, dropped by 43% to 111.67 billion rubles.
Payments to reserves on possible loan losses in the second quarter increased by 3.8% in comparison with the previous quarter to 94.14 billion rubles.
Sberbank's total assets in Russia increased by 18.3% to 6.632 trillion rubles in comparison with the previous quarter. The loan portfolio, minus reserves, increased by 10.6% to 5.103 trillion rubles.
Sberbank will publish its IFRS financial results for the first half of 2009 on Thursday, September 10.
Consensus forecast for Sberbank's IFRS results in H1 2009 (in blns of rubles)
| Bank | Net profit | Net interest revenue | Operational Profit | Assets | Loan portfolio | Reserve payments |
| Citi | 1.703 | 231.11 | 186.681 | 6835.503 | 5322.69 | 93.326 |
| Deutsche Bank | 2.3 | 237.5 | 110.5 | 6768 | 5193 | 90.8 |
| JP Morgan | 3.988 | 241.677 | 113.53 | 6762.273 | 5080.87 | |
| RMG | 5.9 | 124 | 6565 | 5037 | ||
| VTB Capital | 5.727 | 237.141 | 101.722 | 6556.962 | 5180 | 91 |
| Metropol | 5.067 | 241.5 | 118.6 | 6600 | 5100 | 92.627 |
| Solvin | 4.849 | 236.726 | 110.806 | 6597.426 | 5123.956 | |
| Troika Dialog | 4.712 | 235.727 | 112.386 | 6592.38 | 5127.623 | 97.606 |
| Uralsib | 3.823 | 237.97 | 108.766 | 89.869 | ||
| UniCredit Securities | 5.144 | 242.276 | 115.9 | 6752.853 | 5072.28 | 99.608 |
| Consensus | 4.566 | 224.63 | 111.67 | 6632.41 | 5103.10 | 94.14 |
| Results for H1 2008 in mlns of rubles | 67.012 | 168.345 | 196.076 | 5604.258 | 4612.362 | 90.755 |
| Change % | -93.2 | 33.4 | -43 | 18.34 | 10.63 | 3.72 |
Statistics on reserve payments are for the second quarter of 2009 and in comparison with the previous quarter.