Sberbank Serbia has made 473 million RSD profit in the first half of 2016

Sberbank Serbia has achieved an increase in profitability and recorded a growth in credit and deposit activities in the first half of the current year. Continuation the good trend recorded in the first quarter resulted in a profit of 473 million dinars in the first six months of 2016.

Sberbank Srbija - Bul. Mihajla Pupina - centrala

“The success
is achieved in the field of personal loans largely thanks to the excellent performance of the Super payment cards, carefully thought out Super loan campaign and key initiatives launched in the micro segment. In the area of ​​the economy, the total volume of foreign trade with Russia is increased in relation to the same period of last year which was accompanied by a significant participation of the bank in the export-import transactions, as evidenced by the strategic orientation of our bank when it comes to cooperation with companies aimed at the Russian market.” said Valeriy Ovsyannikov, Chairman of the Executive Board of Sberbank Serbia.

Valeriy Ovsyannikov - Predsednik Izvršnog odbora Sberbank Srbija

In the first half of 2016, household loans increased by almost 30% compared to the first half of 2015 and now amount to 8.37 billion dinars. Compared with the same period of the previous year, loans
to persons increased by 49.4% and amounted to 4.57 billion dinars. Number of e-banking users increased by 37 percent compared to the same period last year. Constant growth was recorded in the number of clients who have recognised the benefits of applying for all products through the bank’s website. In online sales, the highest growth was recorded by cash and refinancing loans, while the share of “online credit” in total sales of loans at end-June 2016 were up 9.5%.

Key indicators of business:

  • Number of active clients in the segment of the population exceeded 120,000 which represents an increase of 62% compared to the previous year

  • Loans to individuals increased by 30% compared to the first half of 2015

  • Deposits by households reached almost 35 billion dinars, thus continuing the tendency of stable and sustainable growth.

  • Number of e-banking users increased by 37.8% compared to the same period in 2015.

  • Market share in credit cards population increased to 5.25% (from 1.24% in the same period of the previous year).

  • Market share in the trading of foreign currencies with banks increased to 7%, and foreign exchange trading with corporate customers to 5.8%.

  • The participation of banks in the total foreign trade turnover with Russia reaches ¼ of the total exports and imports between Serbia and Russia.

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