Page 133 - RusRPTApr23

March compared with last year when the market was more turbulent," Vice President, Deputy Head of Retail Business Department at VTB Evgeny Dyachkin was quoted as saying.
Earlier, Chief Executive Officer of VTB Anatoly Pechatnikov said mortgage loans in Russia might exceed 5 trillion rubles ($67bn) by the end of 2023, adding that borrowers would mainly focus on the segment of secondary real estate.
In January, Russian banks provided mortgage housing loans to borrowers for a total of 281.6bn rubles, which is 13.9% less than in January 2022 (327.0bn rubles), follows from the information on the website of the Central Bank .
At the same time, the number of loans granted in the first month of the year decreased by 18.6% compared to January last year (77.3 thousand against 95.0 thousand).
The total portfolio of ruble mortgage loans in January increased by 81.8bn rubles, or 0.6%, to 13 trillion 923.6bn rubles, taking into account the acquired rights of claim - up to 14 trillion 141.7bn rubles.
The weighted average rate on mortgage housing loans granted in rubles increased in January to the maximum since March 2022 of 7.86% from 6.65% in December.
The average size of one mortgage loan in January amounted to 3.643mn rubles, which is 7.9% less than in December 2022 (a record 3.954mn rubles). The annual growth rate of this indicator decreased to 5.8% after 17.9% in December and 12.8% in November.
The weighted average loan term in January 2023 decreased by 4.5 months to 284.9 months from a record 289.4 months (24 years and 1.4 months) in December.
8.1.8 Sberbank news
The net profit of Sber for 2022 under IFRS decreased by 78% and reached 270.5bn rubles ($3.56bn), the bank reported on March 9.
The net profit of Sber for 2021 under IFRS was 1.246 trillion rubles ($16.41bn). Total shareholder equity reached 5.8 trillion rubles ($76.58bn) while CET1 capital ratio increased to 14.8%.
Net interest income increased by 6.6% in annual terms and amounted to 1.875 trillion rubles ($24.76bn) due to the growing volume of operating assets. Net
133 RUSSIA Country Report Russia April 2023 www.intellinews.com