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Weekly Lists
August 24, 2018 www.intellinews.com I Page 26
bne:Banker
Russia's Sberbank 2Q18 IFRS results beat expectations, mortgage portfolio at record-high
Czech mutual fund assets expand 0.9% in first half to CZK488bn
Russia's leading bank Sberbank reported strong second-quarter IFRS results with net income of RUB215bn growing by 16% year- on-year, making a return of equity of 24.4% and beating the con- sensus expectations by 5.5%.
Sberbank expanded both retail and corporate loans by 6.5% and 6.3% quarter-on-quarter, respectively, with unsecured consumer lending up by 12.4% q/q. "In the corporate segment, Sberbank greatly outperformed the rest of the sector, which was down 0.4% q/q in 2Q18," VTB Capital commented on August 23.
In a separate announcement Sberbank said its mortgage portfo- lio reached a record-high RUB3.3 trillion ($48bn) as of August 1 2018. In 2018 the bank issued about 0.45mn mortgages for a total RUB828bn, soaring by 74% y/y.
Assets in Czech mutual funds moved up by 0.9% in the first half of the year to CZK488bn ($22bn), financial daily Hospodarske novinyreported on August 22.
Meanwhile, a survey conducted by Ipsos for Raiffeisenbank found that 86% of Czechs regularly put aside savings.
Savings reportedly most often took the form of savings accounts or supplementary pension funds in the country of 10.6mn people.
The average montly amount deposited as savings was CZK3,600 ($165), according to the survey.
Kazakhstan’s largest lender by assets, Halyk Bank, raised its 2018 profit guidance on August 22 to over KZT214bn tenge ($592mn), up from KZT207bn.
Halyk chief executive Umut Shayakhmetova said during a briefing that the bank expected faster loan book growth this year combined with higher interest income and a positive impact from loan recoveries.
Halyk Bank also posted a 40% y/y plunge in second-quarter profit this week. Shayakhmetova said the figure was largely due to one-off expenses from the recognition of losses at KKB, the former leading bank in the country prior to Halyk taking it over.
Largest Kazakh lender Halyk Bank raises profit guidance
Last year, London-listed Halyk reported a profit of KZT173.4bn.