Sberbank of Russia

Report
SBERBANK OF RUSSIA:
OPPORTUNITIES IN HUNGARY
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Sberbank of Russia in Brief
o Foundation: 1841
o Largest Branch Network: 18 600
o Employees: 246 ths
o Retail clients: ~ 106 mln
o ATM and self-service terminals: > 81 500
o Retail transactions executed via remote channels:
83%
o Russian market share:
o 28 % - by Assets
o 32 % - by Corporate Loans
o 32% - by Retail Loans
o 45 % - by Retail Deposits
o 28% - by Equity
As of 01/07/2013
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Sberbank of Russia:
Ownership Structure & Key Financials
Ownership Structure (Sberbank Group)
Domestic
Institutional
2.3%
Key Financials, as of July 01, 2013*
Domestic Retail
3.7%
o Assets, total: EUR 335 bn
o Equity, total: EUR 41 bn
Free float
o Corporate loans : EUR 176 bn
50.00% 1
ordinary
share
44.0%
50.00% +
150.0%
ordinary share
Foreign
Free Float
Institutional
+ 1 share
Central
Central
Bank
Bankof
of Russia
o Retail deposits: EUR 167 bn
Russia
o Net profit: EUR 4.5 bn
o Retail loans : EUR 66 bn
o ROAA: 2.8%
o ROAE: 22.4%
o Cost/Income ratio: 38.5%
Source: Company’s website (www.sberbank.ru), Bank of Russia website (www.cbr.ru )
* at Central Bank of Russia RUR/EUR exchange rate for 01/07/2013
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Sberbank Group: Broad Geographical Coverage
Central & Eastern Europe
Sberbank Europe AG
● 100.0% stake
● 2.7% of Group’s assets
● Headquartered in Austria; 270
branches in 8 countries: Croatia,
Czech Republic, Slovakia, BosniaHerzegovina, Hungary, Slovenia,
Serbia and Ukraine
Ukraine
Sberbank of Russia JSC - to be merged
with Volksbank Ukraine
● 100.0% stake
● 0.8% of Group’s assets
● #8 by assets
● 2.7% market share by assets
Belarus
JSC BPS-Sberbank
●
●
●
●
97.9% stake
0.8% of Group’s assets
#3 by assets
9.7% market share by assets
Kazakhstan
SB JSC Sberbank
●
●
●
●
99.99% stake
1.1% of Group’s assets
#5 by assets
6.1% market share by assets
Turkey
Representative offices:
● Germany
● China
Trading platforms:
● London
● New York
Branch:
● India
Wholly-owned subsidiary:
● Sberbank (Switzerland) AG
DenizBank AS
● 99.85% stake
● 6.9% of Group’s assets
● ca. 623 branches; 3,357
ATMs; 126,863 POS
terminals
Source: Sberbank’s unaudited quarterly IFRS financial statements for 1H2013, Sberbank’s operational data as of 01/07/2013, Sberbank’s and subsidiaries’ ranks and market
shares based on the respective central banks’ data
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Subsidiaries of Sberbank Europe AG in brief
Today nine banks of Sberbank Europe AG operate in 8 European
countries
Year of
Foundation
Total Assets, mln
euro
Branches
Employees
Sberbank, Slovakia
1991
1 971
41
625
Sberbank, Czech Republic
1993
2 575
22
706
Volksbank, Hungary
1993
1 788
52
696
Sberbank, Slovenia
1993
1 504
12
229
Sberbank, Croatia
1997
1 221
30
445
Sberbank, Bosnia and
Herzegovina
2000
388
26
388
Sberbank, Banja Luca
2007
284
23
276
Sberbank, Serbia
2003
858
26
533
Volksbank, Ukraine
2007
212
38
477
10 801
270
4 375
Subsidiaries of Sberbank Europe
AG, total
As of 01/09/2013
-
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Magyarorszagi Volksbank Zrt. in Brief
o Foundation: 1993
o Outlets: 52
o Employees: 696
o Assets, total: EUR 1 788 mio
o Market share in Hungary
o 1.70% by assets
o 2.30% by loans
o 2.20% by deposits
As of 01/09/2013, except for market share figures – as of 01/08/2013
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Russia and Hungary: economic cooperation
• Russian-Hungarian economic relations occupy an
important and permanent place in the system of foreign
economic relations of the two countries, which made it
possible to maintain the bilateral cooperation during the
crisis.
• In the interest of sustainable development of the economies of the two countries
Russia and Hungary are going to make efforts for the successful implementation of
joint projects and already started to search for new ways of bilateral cooperation.
• Along with the cooperation within the “South Stream” framework, the other important
project is delivering of Russian nuclear fuel for the Hungarian “Paks” Nuclear Power
Plant which is planned to continue until the plant stops its operations.
• According to the Hungarian Customs statistics, the trade turnover between Russia
and Hungary in January-June 2013 increased by 6.7% to $ 6.1 billion.
• The dominant share in Russian export to Hungary is occupied by energy sources
(92%). Russian import from Hungary consists mostly of engineering products (44.7%)
and manufacturing (excluding engineering products) (45.1%).
• The Russian-Hungarian Intergovernmental Commission on Economic Cooperation is
one of the established authorities set up to strengthen mutual cooperation.
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Sberbank in Hungary: key achievements
Corporate:
- Participation Hungarian National Bank growth program
- Several significant deals in Corporate
- Increase of fees based on new account contracts signed
Retail:
- Moneygram cooperation agreement signed
- New account packages launched for private individuals & micros
- Consumer loan pilot started
- Mobile banking application for smartphones developed and will go live by end of
2013
- New account packages launched for private individuals & micros
Risk:
- New credit process launched
Operations:
- STP Excellence Award of Deutsche Bank
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Business relationship
Despite the unfavorable macroeconomic situation in Hungary, Sberbank of Russia
successfully develops its business in the following areas:
• Energy: VBHU is one of the most active banks that lend to projects in the energy
sector in Hungary, including alternative energy projects
• Telecommunications and transport: VBHU actively lends money to the
telecommunications sector companies (Magyar Telekom, Synergon), serves and
finances logistic transport companies: Gefco (owned by Russian Railways) and
Ukrailtrans (4th place in the market of railway traffic, the company is founded and
owned by Russian investors)
• SME: VBHU is one of the major banks lending to the SME sector in 2012-2013,
Participation in the program of the National Bank in July and August provided a
portfolio growth of SMEs in the amount of approx. USD 45 million
• implementation of joint projects with other banks of Sberbank Group: Sberbank
is the leader of the consortium of financial advisors (with the Hungarian Development
Bank and ING) on the construction project of the gas pipeline "South Stream
Hungary”, while Hungarian Volksbank is the agent and the syndicate leader to
finance the supply of gas deal along with Sberbank Europe, Unicredit and OTP.
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