Performance results for 9 months of 2009

BPS-Sberbank reports International Financial Reporting Standards (IFRS) results for the 9 months of 2009

Operating profit before provision totalled BYR 166.8 billion, up 57.5% compared with the 9 months of 2008.

Net interest income before provision amounted to BYR 132.2 billion up 41.2% compared with the 9 months of 2008.

Net non-interest income was BYR 204.3 billion in the 9 months of 2009, up 35.1% compared with the 9 months of 2008.

IFRS comprehensive income of BPS-Sberbank totalled BYR 77.8 billion increased by 4.2% compared with BYR 74.6 billion for the 9 months of 2008.

The loan portfolio before provision amounted to BYR 3,594.6 billion at the 9 months of 2009. Allowance for impairment in % to gross amount of loans – 5.25%.

The Bank’s loss-absorbing capacity, calculated as maximum ratio of provision for impairment losses to issued loans the Bank is able to maintain not violating minimum capital adequacy requirements (10%), made 12.51% (assessed as moderate).

Total assets amounted to 4,673.4 billion at the 9 months of 2009, assets growth rate compared with the beginning of 2009 was 10.2%.

The equity grew up by 12.2% compared with the beginning of 2009 and reached BYR 625.2 billion.

The Capital Adequacy ratio (CAD) was 16.1% at the 9 months of 2009.

Return on equity (ROAE) made 17.5 %. Return on assets (ROАA) made 2.3%.

Earning assets to total assets ratio made 87.5%.

Cost-to income ratio before provision for the 9 months of 2009 was 50.4%.