Page 138 - RusRPTJun24

2023 fell by 20% compared to 2022, the Bank of Russia said in a report. "In 2023, the volume of databases with personal data that were put up for sale fell by 25% in comparison with 2022," the regulator said, adding "The total volume of the shadow market for the sale of personal data decreased by around 20% compared to 2022." At the same time, the number of services with free access to personal data of Russians increased in 2023.
8.1.8 Sberbank news
Sberbank published abbreviated financial results for 4M24 under RAS,
reflecting an increase in net profit in April to RUB 131 billion. (+2.0% m/m and +8.6% y/y). At the end of 4M24, net profit reached RUB 495 billion. (+5.1% y/y), which, according to the bank's estimates, implies a return on equity (RoE) of 22.4%.
The loan portfolio in April grew by 1.4% mom (+2.6% since the beginning of the year). At the same time, growth in the retail segment was largely due to the consumer segment. Customer funds in April increased by 3.9% mom (+7.3% since the beginning of the year). Funds from legal entities grew by an impressive 7.7% mom (+13.2% since the beginning of the year), mainly due to an increase in balances on term accounts. The latter could put pressure on interest margins in the coming months. Net interest and fee income remained flat in March (+17.8% and +15.0% YoY, respectively), while additional declines in provisioning expenses (cost of risk of 1.6% in 4M24) offset continued growth in operating expenses (the ratio of operating expenses to income was 26% in 4M24).
The total capital adequacy ratio (N1.0) increased by 10 bp in April. to 13.3%, maintaining sufficient margin for 2023 profit distribution. On June 21, shareholders will have to approve the dividends previously recommended by the supervisory board in the amount of 33.3 rubles. for ordinary and preferred shares (about 10.6% of the current price).
8.1.8 Bank news
Austrian authorities warn Raiffeisen Bank over deal with Russian oligarch Deripaska. Raiffeisen has been interested in buying a 1.5 billion euro ($1.6 billion) stake in the construction company Strabag, which is linked to Russian oligarch Oleg Deripaska.
Russian courts ordered the seizure of UniCredit's and Deutsche bank assets, accounts, property, and shares on May 18. The UniCredit assets have been seized following a St Petersburg arbitration court ruling concerning two subsidiaries in connection with a lawsuit over an aborted gas project, according to court documents.
138 RUSSIA Country Report June 2024 www.intellinews.com