Sberbank’s New Development Strategy
for 2014-2018

On November 12, 2013, Sberbank’s Supervisory Board approved the bank’s Development Strategy for the period 2014-2018.

The Sberbank Strategy aims to further strengthen its position as one of the leading and stable financial institutions in the world. For the next five years, we will double our net income and assets, achieve a breakthrough in cost management, improve our Tier 1 capital adequacy ratio, and the return on equity will remain above that of global competitors.

Group performance indicators

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Profitability, %

Efficiency, %

Growth

Return on equity

Tier 1 capital adequacy ratio

Operating costs to operating income

Operating costs to assets

Assets

Net income

2018

2018

2018

2018

2018/2013

2018/2013

18-20

>10

40-43

<2.5

x 2

x 2

We believe that we will be able to achieve this result based on the following efforts:

  • Strengthening our competitive position
  • Maintaining a higher net interest margin compared to competitors
  • Ensuring strong growth in non-credit earnings
  • Managing costs in a highly efficient manner
  • Maintaining high quality of assets

Following the Strategy, we shall seek to maintain Tier 1 capital adequacy ratio above 10%. In the next few years we intend to move to the “advanced” Basel II approach for assessing risk-weighted assets, and we assume that this will have a positive impact on the level of capital adequacy. However, Basel II implementation heavily depends on the regulator’s actions, which currently does not enable us to provide accurate estimates.

The full version of the Sberbank Development Strategy for 2014-2018 is available at the Group’s official website at www.sberbank.ru

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