PJSC "Sberbank" of Russia uses tracking financial forms reporting:

· profit and loss statement;

· report on changes in equity;

a statement of financial position;

statement of other comprehensive income;

traffic report Money.

Below are the statistical reporting forms used by PJSC Sberbank of Russia:

Form No. 0409202 "Report on cash cash flow";

form No. 0409250 "Information on transactions using payment cards and infrastructure designed to perform operations with the use of payment cards and without the use of payment cards of operations for the issuance (acceptance) of cash and payments for goods (works, services)";

· form No. 0409251 "Information on customer accounts and payments made through a credit institution (its branch)";

Form No. 0409255 "Information of credit institutions on the beginning (completion) of the issue and (or) acquiring of payment cards";

· form No. 0409302 "Information on placed and borrowed funds";

· form No. 0409345 "Data on daily balances of insured funds of individuals placed in deposits".

Analysis of the technical and economic indicators of PJSC "Sberbank" of Russia for 2013, 2014, 2015 is presented in table 3.1.

Tables 3.1. Feasibility study of PJSC "Sberbank" of Russia.

Indicators	Units				Deviations, billion rubles	Rate of change, %
Main indicators of the income statement
Net interest income	in billion rubles
Net fee and commission income	in billion rubles
Operating income before provisions	in billion rubles
Operating income	in billion rubles
Allocations to the provision for impairment of the loan portfolio	in billion rubles
Operating expenses	in billion rubles
Profit before tax	in billion rubles
Net profit	in billion rubles
Main balance indicators
Loans and advances to customers	in billion rubles
Funds in other banks	in billion rubles
Loan portfolio before allowance for impairment	in billion rubles
Provision for loan portfolio impairment	in billion rubles
	in billion rubles
Client funds	in billion rubles
Individual deposits	in billion rubles
Funds legal entities	in billion rubles
	in billion rubles
Key quality indicators
Share of non-performing loans in the loan portfolio
Share of allowance for impairment of the loan portfolio in the loan portfolio
The ratio of loan impairment allowance to non-performing loans	Meaning
Net interest margin
Ratio of expenses to operating income (before provisions)
Loans/Deposits
Return on assets (ROAA)
Return on equity (ROAE)
Earnings per share, in rubles per share (EPS)
Recalculated earnings per share, in rubles per share (adj. EPS)
Share price on MICEX at the end of the period (in rubles)
Actual number of employees
Average number of shares for the period
Capital adequacy ratios
Capital Adequacy Ratio (Tier 1)
Total capital adequacy ratio (Tier 1 and Tier 2)

As shown in the table, operating income before provisions increased by 17.84% in 2014 and by 9.93% in 2015. Exceeding the growth rate of operating expenses over revenues lowered growth net profit in 2014 by 19.84% and in 2015 by 23.22%.

Loans and advances to the bank's customers increased by 37.29% in 2014 and by 5.47% in 2015. The bank's assets increased by 38.39% in 2014 and by 8.74% in 2015, while the bank's capital increased by 7.39% in 2014 and by 17.57% in 2015.

In 2014, the core capital adequacy ratio decreased by 2 p.p. and amounted to 8.6%, and in 2015 it increased by 0.3 p.p. and amounted to 8.9%. The total capital adequacy ratio in 2014 decreased by 1.3 p.p. -- up to 12.1%, and in 2015 it increased by 0.5 p.p. - up to 12.6%. However, the total capital adequacy ratio significantly exceeds the minimum value set by Basel Committee at the level of 8%.

Sharova E.,

Bachelor of the Faculty of Economics

Russian State University named after S.A. Yesenin

Scientific adviser - Otto V.S.

Keywords: dynamics of key indicators, financial results, interest income and expenses of the bank, banking system”, the aggregated balance sheet.

The banking system is essential element market economy. Recently, there has been an active development of the banking system, which contributes to the growth of assessment of the level of development and analysis, which are becoming the most important. In the banking sector of the Russian Federation, constant changes are taking place due to the need to evaluate the effectiveness of the entire banking system, to analyze the dynamics of changes in indicators.

Financial results of PJSC Sberbank of Russia and their dynamics for 2013-2015 are presented in table 1.

As Table 1 shows, the bank's interest income increased and amounted to 154.2% in 2015 compared to 2013. Interest expenses over this period of time increased by 2.13 times. The dynamics of these indicators is shown in Figure 4.

Table 1. - Financial results of PJSC Sberbank of Russia, billion rubles

Indicators	2013	2014	2015	2015 in %
by 2013
Interest income	1478,6	1837,9	2279,6	154,2
Interest expenses	587,8	785,1	1253,2	213,2
Costs directly related to deposit insurance	28,6	33,1	38,4	134,3
Net interest income	862,2	1019,7		114,6
Net expense from provision for impairment of debt financial assets	134,9	361,4	475,2	352,3
Fee and commission income	253,7	329,5	384,1	151,4
Commission expenses	32,4	47,2	65,1	200,9
Operating income	959,9	939,3	954,6	99,4
Operating expenses	504,2	565,1	623,4	123,6
Profit before tax	455,7	374,2	331,2	72,7
income tax expense	93,7	83,9	108,3	115,6
Net profit		290,3	222,9	61,6

Figure 1. Dynamics of interest income and expenses of Sberbank of Russia PJSC for 2013-2015, billion rubles

The bank's commission income increased by 51.4%, while commission expenses doubled. The bank's operating income decreased from 959.9 billion rubles. in 2013 to 954.6 billion. rub. in 2015 operating expenses increased by 23.6%.

The bank's profit before tax decreased from 455.7 billion rubles. in 2013 to 331.2 billion. rub. in 2015 (by 27.3%). The bank's net profit decreased from 362 billion rubles. in 2013 to 222.9 billion. rub. in 2015

Dynamics of the bank's interest income in 2013-2015 presented in table 2.

Table 2. - Dynamics of interest income of PJSC Sberbank of Russia, billion rubles

Name of articles	2013	2014	2015	2015 in % to 2013
Loans and advances to customers	1335,7	1668,7		156,1
Debt	98,2	107,5	117,4	119,6
Debt	24,9	34,4	34,8	139,8
Funds in banks		18,6	22,8	207,3
Correspondent bank accounts	0,5	0,6	2,7	540,0
Debt trading securities		4,2	4,2	60,0
Debt securities, change fair value which are reflected through the profit and loss accounts	1,2	3,8	12,4	1033,3
Other interest income	0,1	0,1	0,3	300,0
Interest income - total	1478,6	1837,9	2279,6	154,2

As Table 2 shows, the bank's interest income consists of customer loans and advances, the value of which in 2015 compared to 2013 increased by 56.1%.

The second place in the structure of the bank's interest income is occupied by debt investment securities. Funds in banks increased from 11 billion rubles. in 2013 to 22.8 billion. rub. in 2015 Correspondent accounts in banks increased from 0.5 billion rubles. up to 2.7 billion rubles In general, over the past three years, Sberbank of Russia's interest income has increased by 54.2%.

Dynamics of interest expenses of the bank for 2013-2015 presented in table 3.

The amount of interest expenses of the bank increased by more than 2.1 times. largest specific gravity the structure of interest expenses is occupied by term deposits of individuals, the value of which increased in 2015 compared to 2013 by 70.7%.

Table 3.- Dynamics of interest expenses of PJSC Sberbank of Russia, billion rubles

Name of articles	2013	2014	2015	2015 in % to 2013
Term deposits of individuals	304,1	313,6		170,7
Term deposits of legal entities	104,7	152,9	273,7	261,4
Term deposits of banks		164,2	219,2	342,5
	45,2	52,7	91,5	202,4
Subordinated loans	25,1	35,9		187,3
Current/settlement accounts of legal entities	21,9	35,3	68,4	312,3
Current/demand accounts of individuals	10,9		15,9	145,9
Other borrowed funds	8,7	12,8	12,8	147,1
Bank correspondent accounts	2,1	2,7	4,5	214,3
Other interest expenses	1,1		1,2	109,1
Interest expense - total	587,8	785,1	1253,2	213,2

Term deposits of legal entities increased from 104.7 billion rubles. in 2013 to 273.7 billion rubles. in 2015 (more than 2.6 times). The Bank issued debt securities in the amount of 45.2 billion rubles. in 2013, 52.7 billion rubles. in 2014 and 91.5 billion rubles. in 2015 (growth - 2 times).

To analyze the formation and use of assets and liabilities of PJSC"Sberbank of Russia" will draw up its aggregated balance sheet (table 4).

Table 4. - Aggregate balance sheet of PJSC Sberbank of Russia, billion rubles

Name of articles	01/01/2014	01/01/2015	01/01/2016	2015
in % by 2013
ASSETS
		2308,8	2333,6	175,9
	251,5	365,7	387,9	154,2
	118,7	921,7	866,8	730,2
Funds in banks	330,5	240,8	750,6	227,1
Loans and advances to customers	12933,7	17756,6	18727,8	144,8
	1343,8	1169,3		16,5
Investment securities available-for-sale	476,2	829,7	1874,3	393,6
Investment securities held to maturity	202,5	117,9	477,7	235,9
Deferred tax asset	12,3	19,1	17,3	140,7
fixed assets	477,3	496,4	499,2	104,6
	3,1		212,7	6861,3
Other financial assets	406,2	562,9	664,5	163,6
Other non-financial assets	327,5	339,9	300,3	91,7
Total assets	18210,3	25200,8	27334,7	150,1
Bank funds	2111,3		1045,9	49,5
Funds of individuals	8435,8	9328,4	12043,7	142,8
Funds corporate clients	3628,4	6234,5	7754,6	213,7
Issued debt securities	853,4	1302,6	1378,5	161,5
Other borrowed funds	499,1	537,2		79,7
Deferred tax liability	23,8	45,3		554,6
Other financial liabilities	299,5	1213,6	1330,9	444,4
Other non-financial liabilities	52,7	51,4	69,6	132,1
Subordinated loans	424,7	769,5	806,5	189,9
Total liabilities	16328,9	23180,7	24959,7	152,9
OWN FUNDS
Authorized capital	87,7	87,7	87,7	100,0
Own shares repurchased from shareholders	7,2	7,6	6,7	93,1
Share premium	232,6	232,6	232,6	100,0
Office Real Estate Revaluation Fund	75,8	72,3	69,3	91,4
Revaluation fund for investment securities available-for-sale	1,3	171,4	45,7	3515,4
accumulation fund exchange differences	13,7	83,2	101,1	738,0
Undestributed profits	1495,2	1718,8	1935,2	129,4
Total equity attributable to shareholders of the bank	1871,7	2015,6	2372,8	126,8
Non-controlling interest	9,7	4,5	2,2	22,7
Total equity	1881,4	2020,1		126,2
Total liabilities and equity	18210,3	25200,8	27334,7	150,1

The bank's assets are its property, which has a monetary equivalent. It is customary to divide assets into groups: cash, bank loans, investments and real estate.

Let's present the asset structure of Sberbank of Russia PJSC in Table 5.

Table 5.- Dynamics and structure of assets of PJSC "Sberbank of Russia"

Name of articles	2013	2014	2015	2015 in % to 2013
billion rubles	%	billion rubles	%	billion rubles	%
Cash and cash equivalents		7,29	2308,8	9,16	2333,6	8,54	175,9
Required reserves in accounts with central banks	251,5	1,38	365,7	1,45	387,9	1,42	154,2
Financial assets at fair value through profit or loss	118,7	0,65	921,7	3,66	866,8	3,17	730,2
Funds in banks	330,5	1,81	240,8	0,96	750,6	2,75	227,1
Loans and advances to customers	12933,7	71,02	17756,6	70,46	18727,8	68,51	144,8
Securities pledged under repurchase agreements	1343,8	7,38	1169,3	4,64		0,81	16,5
Investment securities available-for-sale	476,2	2,62	829,7	3,29	1874,3	6,86	393,6
Investment securities held to maturity	202,5	1,11	117,9	0,47	477,7	1,75	235,9
Deferred tax asset	12,3	0,07	19,1	0,08	17,3	0,06	140,7
fixed assets	477,3	2,62	496,4	1,97	499,2	1,83	104,6
disposal group assets and fixed assets held for sale	3,1	0,02		0,29	212,7	0,78	6861,3
Other financial assets	406,2	2,23	562,9	2,23	664,5	2,43	163,6
Other non-financial assets	327,5	1,80	339,9	1,35	300,3	1,10	91,7
Total assets	18210,3		25200,8		27334,7		150,1

The largest share in assets is occupied by customer loans and advances (71.02% in 2013, 70.46% in 2014 and 68.51% in 2015). Cash and cash equivalents accounted for 7.29% of total assets in 2013, 9.16% in 2014 and 8.54% in 2015. Fixed assets in total cost assets occupy 2.62% in 2013, 1.97% in 2014 and 1.83% in 2015.

After analyzing the dynamics of development of the main indicators banking, we can conclude that, in general, Sberbank PJSC demonstrates an active growth of indicators.

LITERATURE

1. Zhilyakov, D. I. Financial and economic analysis. study. allowance [Text] / D. I. Zhilyakov, V. G. Zaretskaya. / - M.: KNORUS. - 2012. - 368 p.

2. Zverkova T. Analysis of the activities of a commercial bank. [Text] / T. Zverkova / 2011. - 100 p.

3. Website of the Sberbank of the Russian Federation, details [electronic resource] - Access mode: http://www.sberbank.ru/ru/about/today/requisites/, free. – Head. from the screen.

SOCIAL AND HUMANITIES

UDC: 657.6

N. A. Dubinina, E. F. Agabalaeva ANALYSIS OF THE PERFORMANCE RESULTS OF PJSC SBERBANK OF RUSSIA

Public Joint Stock Company Sberbank of Russia is one of the leading credit organizations in the Russian Federation. This is achieved through skillful management decisions, an effective management system. Sberbank of Russia is a universal commercial bank that provides its customers with more than 100 different services: services related to raising funds for deposits, lending, settlement and cash services, dealing, intermediary, transactions with stock values, etc. All the main financial indicators that characterize activities of PJSC Sberbank of Russia for reporting year showing steady growth. The analysis carried out allows us to conclude that financial condition PJSC "Sberbank of Russia" can be described as stable, and the position taken in the banking services market as a leader.

Keywords: banks, banking, financial assets, financial stability, liquidity.

Introduction

In the context of the global financial crisis, many companies are losing the leading positions they have occupied for a number of years. This is especially true for organizations in the financial sector, which are currently undergoing significant changes associated with the growth of overdue accounts receivable, a decrease in the financial activity of the population, a tightening of the policy of the Central Bank. In this regard, it is especially important to analyze the performance of those banks that are confidently “keeping afloat”. One of them is PJSC Sberbank of Russia.

The main goal of any commercial bank is to extract maximum profit, subject to the stability of the bank's position and the duration of its activities in the market in the future.

The final financial result of the activities of a commercial bank is profit or loss, its size reflects the result of all types of activities of a credit institution, all ongoing active and passive operations.

Both themselves are interested in increasing the size of the extracted profit. banking organization, and the state, bank owners, customers, counterparties, bank employees. In this regard, all interested parties conduct an analysis financial stability bank, which characterizes the ability of a credit institution to break even with the timely fulfillment of all its obligations.

Organizational characteristics of PJSC Sberbank of Russia

Public Joint Stock Company (PJSC) Sberbank of Russia is one of the leading banks not only in Russia, but also in Europe, demonstrating over the years a steady growth of all financial indicators.

According to the organizational structure, PJSC Sberbank of Russia is a joint-stock commercial bank, which was established by the Central Bank of Russia as an open joint-stock company and registered on June 20, 1991. Its capital was formed from the authorized capital, however, the bank has reserve, special and other funds .

Due to its leading positions in the banking system and based on the tasks it solves, Sberbank of Russia PJSC is the founder of a number of other companies. In addition, Sberbank of Russia PJSC is a member of the Moscow Interbank Currency Exchange, the Moscow and St. Petersburg Stock Exchanges, the International Institute of Savings Banks (Switzerland), a number of societies and associations.

Sberbank of Russia is a universal commercial bank that provides its customers with more than 100 various services related to raising funds for deposits, lending, cash management services, rendering dealing services, operations with stock values, intermediary, etc.

Organizational PJSC structure"Sberbank of Russia" is presented in fig.

Organizational structure of Sberbank of Russia PJSC

Sberbank of Russia has a wide network of branches, which includes 16 territorial branches, more than 19 thousand offices throughout Russia, as well as subsidiary banks opened abroad.

Evaluation of the main financial results activities of PJSC Sberbank of Russia

According to the annual PAO report"Sberbank of Russia", net profit in 2016 amounted to 1,978,748 million rubles, which is 18.4% higher than in 2015, the increase in assets amounted to 19.8% - from 13,581,754 million rubles. in 2015 to RUB 16,275,097 mln. in 2016 (Table 1).

Table 1

Key financial results of PJSC Sberbank of Russia in 2015-2016

---^^^^ Year Financial indicator, mln rub. -- 2015 2016 Change, %

Assets 13,581,754 16,275,097 19.8

Profit before tax 474,709 502,789 5.9

Profit after tax 346,175 377,649 9.1

Capital 1,679,091 1,978,748 18.4

Analysis of indicators balance sheet PJSC "Sberbank of Russia" is presented in table. 2. As of January 1, 2017, the amount of assets of PJSC Sberbank of Russia, according to the balance sheet, amounted to 16,275,097,230 thousand rubles. (an increase of 19.83% compared to 2015), the amount of liabilities - 14,339,896,094 thousand rubles. (increase compared to 2015 - 17.18%).

/vvm 1812-9498. Bulletin of ASTU. 2017. No. 2 (64)

table 2

Analysis of balance sheet indicators of Sberbank of Russia PJSC

No. Article Data for 2016, thousand rubles Data for 2015, thousand rubles Growth rate, % Absolute change, thousand rubles

1 Cash 717 319 916 725 051 773 -1.07 -7 731 857

2 Due to credit institutions with the Central Bank of the Russian Federation 408,802,599,381,207,927 7.24 27,594,672

2.1 Required reserves 112,129,198,122,373,578 -8.37 -10,244,380

3 Due from credit institutions 94,301,261 81,464,392 15.76 12,836,869

4 Financial assets at fair value through profit or loss 144,662,649 101,883,985 41.99 42,778,664

5 Net debt 11,978,006,945 9,772,750,284 22.57 2,205,256,661

6 Net investments in securities and other available-for-sale financial assets 1,744,228,260 1,541,630,850 13.14 202,597,410

6.1 Investments in subsidiaries and affiliates 310,871 192,281 233,360 10.54 29,637,832

7 Net investments in securities held to maturity 403,987,608,361,861,978 11.64 42,125,630

8 Fixed assets, intangible assets and inventories 468,069,623 438,028,479 6.86 30,041,144

9 Other assets 315,718,369,177,874,551 77.49 137,843,818

10 Total assets 16,275,097,230 13,581,754,219 19.83 2,693,343,011

II LIABILITIES

1 Loans, deposits and other funds of the Central Bank of the Russian Federation 1,967,035,549 1,367,973,939 43.79,599,061,610

2 Due to credit institutions 630,459 333,605 450,003 4.13 25,009,330

3 Funds of customers who are not credit institutions 11 128 035 158 9 462 176 277 17,61 1 665 858 881

4 Released debentures 404 518 757 331 891 304 21,88 72 627 453

5 Other liabilities 144,796,061,115,477,162 25.39 29,318,899

6 Provisions for possible losses on contingent liabilities of a credit nature, other possible losses and transactions with residents of offshore zones 31,000,692 21,323,838 45.38 9,676,854

7 Total liabilities 14,339,896,094 11,930,258,071 20.20 2,409,638,023

III SOURCES OF OWN MONEY

1 Funds of shareholders (participants) 67,760,844 67,760,844 0.00 0

2 Share premium 228,054,226 228,054,226 0.00 0

3 reserve fund 3 527 429 3 527 429 0,00 0

4 Revaluation of securities -7,888,290 26,396,638 -129.88 -34,284,928

5 Revaluation of fixed assets 82,570,859 84,217,444 -1.96 -1,646,585

6 Retained earnings ( uncovered losses) previous years 1 183 526 718 895 365 048 32.18 288 161 670

7 Unused profit (loss) for reporting period 377 649 350 346 174 519 9,09 31 474 831

8 Total sources of own funds 1,935,201,136 1,651 496,148 17.18 283,704,988

Despite the financial and economic crisis, PJSC Sberbank of Russia manages to maintain its leading positions in all areas of banking. In table. Table 3 shows the largest players in the retail lending market as of December 31, 2016.

Table 3

Major Players private customer lending market as of December 31, 2016*

1 Sberbank of Russia 4,069.4 36.2

2 VTB24 1,514.3 13.5

3 Gazprombank 290.0 2.6

4 Rosselkhozbank 269.4 2.4

5 Bank of Moscow 261.6 2.3

6 Alfa-Bank 254.5 2.3

7 Home Credit 216.3 1.9

8 Rosbank 196.1 1.7

9 Raiffeisenbank 181.5 1.6

10 Russian Standard 175.5 1.6

* Compiled according to .

Public Joint Stock Company Sberbank of Russia published its consolidated financial statements in accordance with international standards financial statements for 2016, containing the report of Ernst & Young LLC, which underwent an independent auditing activities of PJSC Sberbank of Russia:

The value of the net profit of PJSC Sberbank of Russia was equal to 222.9 billion rubles. (10.36 rubles per ordinary share);

The bank's return on equity was 10.2%;

Capital adequacy has been rising throughout the year, the core capital adequacy ratio has increased by 30 basis points (up to 8.9%), at the same time, the total capital adequacy ratio has increased to 12.6%, with an increase of 50 basis points;

The bank's total loan portfolio before impairment increased by 7.0% in 2016, its main constituent sectors being mortgage credit lending and commercial loans to legal entities, which grew by 12.5% ​​and 14.9%, respectively;

The ratio of the loan portfolio to customer funds amounted to 91.9% against the backdrop of an improvement in the liquidity situation.

An overview of the main financial indicators of Sberbank of Russia PJSC is given in Table. four.

Table 4

Overview of key financial performance indicators of PJSC Sberbank of Russia

Period Indicator " ----^^^ Q4 2016 Q3 2016 Q4 2015 Q4 16/ Q3 16, % Q4 16/ Q4 15 ., % 2016 2015 2016/ 2015, %

Net interest income, billion rubles 297.2 263.4 274.6 12.8 8.2 988.0 1019.7 (3.1)

Net fee and commission income, RUB bn 95.6 81.9 80.2 16.7 19.2 319.0 259.2 23.1

Other income, billion rubles 25.8 22.2 (-3.8) 16.2 - 122.8 21.8 463.3

Revenues, total, billion rubles 418.6 367.5 351.0 13.9 19.3 1429.8 1300.7 9.9

Net expense from creating a provision for impairment of debt financial assets, RUB bn (112.7) (130.1) (106.0) (13.4) 6.3 (475.2) (361.4) 31.5

Operating expenses, billion rubles (191.7) (145.4) (177.0) 31.8 8.3 (623.4) (565.1) 10.3

Net profit, billion rubles 72.6 65.1 49.0 11.5 48.2 222.9 290.3 (23.2)

Earnings per ordinary share, rub. 3.40 3.04 2.32 11.8 46.6 10.36 13.45 (23.0)

Total income for the period, billion rubles 133.7 80.0 6.5 67.1 206 365.8 214.6 70.5

Book value per share, rub. 110.0 103.9 93.6 5.9 17.5 110.0 93.6 17.5

Return on equity, % 12.6 11.8 9.7 0.8 2.9 10.2 14.8 (4.6)

Return on assets, % 1.1 1.1 0.9 - 0.2 0.9 1.4 (0.5)

Net interest margin, % 4.9 4.7 5.4 0.2 (0.5) 4.4 5.6 (1.2)

Cost of risk, % 2.3 2.8 2.4 (0.5) (0.1) 2.5 2.3 0.2

Cost-to-income ratio, % 45.8 39.6 50.4 6.2 (4.6) 43.6 43.4 0.2.

Net interest income of PJSC Sberbank of Russia for the 4th quarter of 2016 amounted to 297.2 billion rubles, an increase of 8.2% compared to the same period in 2015. Net fee and commission income for the 4th quarter of 2016 was 95.6 billion rubles, an increase of 19.2% compared to the fourth quarter of 2015. The share of income from settlement and cash services customers (87.0 billion

ISSN 1812-9498. Bulletin of ASTU. 2017. M 2 (64)

rubles) in the structure of commission income in the fourth quarter was equal to 75.7%. Net expenses for the creation of a provision for impairment of the loan portfolio for the fourth quarter amounted to 112.7 billion rubles. against 106 billion rubles. in the same period in 2015, which corresponds to a credit risk of 230 basis points versus 240 basis points in 2015 .

Conclusion

Thus, the international ratings of PJSC Sberbank of Russia reflect the authority of the bank in the global banking community as one of the most dynamically and diversified developing Russian banks. This is achieved thanks to the effective management system of the bank, the adoption of competent management decisions, the use of innovative and traditional management tools. The analysis carried out allows us to conclude that the financial condition of Sberbank of Russia PJSC can be characterized as stable, and the positions it occupies in the banking services market as leading.

BIBLIOGRAPHY

1. Blank I. A. Management financial resources. Moscow: Omega-L; Elga, 2011. 768 p.

2. Money, credit, banks: textbook. / ed. G. N. Beloglazova. Moscow: Yurayt, 2014. 620 p.

3. Rose P. S. Banking management: Per. from English. from 2nd ed. M.: "Delo Ltd", 2015. 768 p.

4. Sberbank of Russia. URL: http://www.sberbank.ru/ (date of access: 03/23/2017).

5. Frank Research Group. URL: http://www.frankrg.com/index.php?new_div_id=145 (accessed 03/24/2017).

6. Analytic Research Group (ARG). URL: www.analyticgroup.ru (date of access: 03/25/2017).

7. Central bank Russian Federation. URL: www.cbr.ru/ (date of access: 03/25/2017).

8. RosBusinessConsulting (RBC). URL: http://www.rbc.ru/ (date of access: 03/24/2017).

The article was received by the editors on 04/07/2017

Dubinina Natalya Aleksandrovna - Russia, 414056, Astrakhan; Astrakhan State Technical University; cand. economy Sciences, Associate Professor; Professor of the Department of Production Management; [email protected]

Agabalaeva Esmira Fizulievna - Russia, 414056, Astrakhan; Astrakhan State Technical University; undergraduate of the department of production management; [email protected]

N. A. Dubinina, E. F. Agabalaeva ANALYSIS OF PERFORMANCE RESULTS OF PJSC "SBERBANK OF RUSSIA"

abstract. Public joint-stock company (PJSC) "Sberbank of Russia" is one of the leading credit institutions in the Russian Federation. This is achieved through wise managerial decisions and a successful management system. PJSC "Sberbank of Russia" is a universal commercial bank that provides its clients with more than 100 various services related to raising funds for deposits: lending, cash and settlement services, dealing, brokering, securities transactions, etc. All the main financial indicators that characterize the activities of PJSC "Sberbank of Russia" for the reporting year demonstrate a steady growth. The analysis allows to conclude that the financial state of PJSC "Sberbank of Russia" are stable, and the positions taken in the banking service market are the leading ones.

Key words: banks, banking, financial assets, financial stability, liquidity.

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Dubinina Nataliya Aleksandrovna - Russia, 414056, Astrakhan; Astrakhan State Technical University; Candidate of Economics, Assistant Professor; Professor of the Department of Industrial Management; [email protected]

Agabalaeva Esmira Fizulievna - Russia, 414056, Astrakhan; Astrakhan State Technical University; Postgraduate Student of the Department of Industrial Management; [email protected]

Economic indicators activities of PJSC Sberbank of Russia

The history of Sberbank of Russia began more than 170 years ago, in the 19th century. For almost two centuries, the bank has gained the status of the largest financial institution in the country.

Sberbank today is a modern universal bank that offers a wide range of services for all customer groups, actively participates in social and economic life countries.

Attracting funds from private clients and ensuring their safety is the basis of Sberbank's business, and the development of mutually beneficial relationships with depositors is the key to its successful work. At the end of 2014, 44.7% of those stored in Russian banks citizens' savings are entrusted to Sberbank.

Sberbank's loan portfolio includes about a third of all loans issued in the country (33% of retail and 33% of corporate loans). Sberbank actively lends to the largest corporate clients, providing funds to finance current activities and investment programs, refinancing loans from other banks, acquiring assets and completing mergers and acquisitions, financing leasing transactions, expenses for participation in tenders, housing construction. As in previous years, Sberbank is directly involved in the implementation of government programs.

Sberbank of Russia has a unique branch network: it currently includes 17 territorial banks and about 18,000 branches throughout the country. Sberbank is constantly developing trading and export financing, and in 2015 plans to increase the share of net profit received outside of Russia to 5%. Subsidiary banks of Sberbank of Russia operate in Kazakhstan, Ukraine and Belarus. In accordance with the Development Strategy, Sberbank of Russia expanded its international presence by opening a representative office in Germany and a branch in India, as well as registering a representative office in China.

The reliability and impeccable reputation of Sberbank of Russia are confirmed by the high ratings of the leading rating agencies. Agency Fitch Ratings Sberbank of Russia has been assigned a long-term default rating in foreign currency"BBB" by Moody's Investors Service - a long-term foreign currency deposit rating of "Baa1". In addition, Moody's assigned the Bank the highest rating on the national scale.

From January 2013-2015 Sberbank of Russia demonstrated high performance, improved financial statements, which was an objective indicator of successful, efficient and dynamic business development. The main performance indicators of the bank are presented in table 2.5, in more detail in Appendix B.

The capital of the bank during the analyzed period 01.2013-01.2015 increased from 1,679,091 million rubles. up to 2,002,947 million rubles

In 2013-2015, total assets increased by 2,714,724 million rubles (19.3%) and amounted to 16,326,363 million rubles as of 01.2015. (01.2014 - 13,611,639 million rubles, 01.2012 - 10,465,078 million rubles). This growth was driven by an increase in the securities portfolio and an increase in customer lending.

Table 2.5 - Main balance sheet items of Sberbank of Russia OJSC for 2013-2015

In million rubles

The funds of individuals held on the accounts of Sberbank of Russia PJSC increased by 1,375,743 million rubles (20.6%) and amounted to 8,041,492 million rubles as of 01.2015. rubles, and funds of legal entities increased by 381,988 (13.7%).

The amount of loans issued individuals for the year (from 01.2014 to 01.2015), increased by 804,595 million rubles. (31.8%). With regard to loans to legal entities, the growth occurred by 15.1%, namely by 1,124,979 million rubles.

In 2013, profit before taxes (paid from profit) of Sberbank increased by 55,932 million rubles, in 2014 this indicator continued to grow, and in 2015 profit before taxes amounted to 480,508 million rubles. (2013 - 383,655 million rubles, 2014 - 440,482 million rubles). Due to the growth of profit before taxes, the volume of net profit increased, which amounted to 310,495 million rubles in 2013, 346,175 million rubles in 2014, and 392,635 million rubles in 2015, which is 13. 4% more than in 2014.

The increase in net profit for 2013-2015 led to an increase in profitability indicators. In 2013-2015, the bank demonstrated high performance results, which is confirmed by the return on equity of 22.0% (2014), return on assets of 2.7% (2014). Profitability indicators decreased compared to 2013.

The main articles of the statement of financial results, as well as the qualitative indicators of the bank's activities are shown in table 2.6.

Table 2.6 - Performance indicators of PJSC Sberbank of Russia

In million rubles

Dynamics of the main performance indicators of Sberbank of Russia for 2012 - 2014 are shown in Figure 2.9.

Figure 2.9 - Dynamics of the main items of the statement of financial results of Sberbank of Russia

In the period from 2012 to 2014, profit before taxes paid on profits increased by 14.6%, and in 2014 this indicator increased by 9.1% compared to 2013 and amounted to 480,508 million rubles. As for net profit, in 2013 this indicator increased by 10.9%, in 2014 - by 13.4% and amounted to 392,635 billion rubles.

Sberbank of Russia is largest bank Russian Federation and CIS. Its assets make up more than a quarter of the country's banking system (26%), and its share in banking capital is at the level of 30% (2011). Founded in 1841, Sberbank of Russia today is a modern universal bank that meets the needs of various customer groups in a wide range of banking services. Sberbank occupies the largest share in the deposit market and is the main lender Russian economy. Table 2.7 shows the share of Sberbank on Russian market.

Table 2.7 - The share of PJSC "Sberbank of Russia" in the Russian market

This table shows that the share of Sberbank in the capital of the banking sector increased to 28.2%, while the share of the bank in the assets of the banking sector slightly decreased from 29% in 2013 to 28.7% in 2014.

Sberbank's share in the retail lending market in the Kaliningrad region as of January 1, 2014 was 29.8%; as of January 1, 2015, this figure increased by 0.5% and amounted to 30.3%.

It should be noted that in 2012-2013 there were no changes in credit ratings.

Thus, the international rating agency Fitch Ratings assigns a BBB rating to currently low expectations for credit risks, the ability to repay financial obligations on time is assessed as adequate, however, negative changes in circumstances and economic conditions are more likely to lower this ability.

Since 2014, the bank has been implementing a new Development Strategy. In the Development Strategy of Sberbank for the period 2014 - 2018. five main areas of development or strategic themes are identified. Focused work in these areas should ensure the achievement of financial and quality goals that the bank sets for itself for the period up to the end of 2018:

• - with a client for life: building very deep trusting relationships with clients with the goal of becoming a useful, sometimes invisible and integral part of their lives, and with the aim of exceeding the expectations of clients;
• - team and culture: striving for Sberbank's employees and corporate culture to become one of the main sources of competitive advantage;
• - technological breakthrough: completion of the technological modernization of the bank and integration into the business of all the most modern technologies and innovations;
• - financial performance: increasing the financial return of the business, thanks to more efficient management of costs and risk-return ratio;
• - a mature organization: the formation of organizational and management skills, the creation of processes that correspond to the scale and level of ambitions of Sberbank.

Also, within the framework of the Strategy, key guidelines for the development of the bank are determined in terms of profitability and profitability of the business, growth in operating income, and risk management. These financial goals are linked to the goal of maintaining leadership in terms of financial efficiency and business profitability among comparable banks. Financial Goals Strategies PAO development"Sberbank of Russia" are presented in table 2.9.

Table 2.9 - Financial goals of the Development Strategy of Sberbank for the period 2014 - 2018

In order to achieve these goals, starting from 2014, the bank has been striving to ensure profit growth through balanced work in the following areas: ensuring stable growth in operating income, maintaining a balanced portfolio, achieving high operating efficiency in each area of ​​the bank’s work, increasing the efficiency of cost management .

The modern banking system is the most important area national economy any developed country and states.

Commercial banks, acting in accordance with monetary policy countries regulate the movement of funds, affecting the speed of their circulation, the total mass, emission, including the amount of cash in circulation.

The current difficult economic situation in Russia due to the sanctions imposed against enterprises and organizations, shows a number of negative factors, which, among other things, affect the profit and profitability of banks.

The main goal of a commercial bank is to obtain maximum profit, subject to its long-term functioning and stable position in the market.

The amount of profit or loss received by the bank, being the final financial result, reflects the results of all types of its activities, active and passive operations.

The profit of a commercial bank is the main financial result of its activities, defined as the difference between income received and expenses. In turn, the bank's profitability is an indicator of the effectiveness of its use of monetary or other resources.

Income, expenses and profit are a reflection of a complex of objective and subjective factors affecting the bank's activities: client base, location, availability of sufficient premises to serve the clientele, level of competition, etc.

Revenues are cash receipts from its production and non-production activities. Commercial Bank may receive income from both main and side activities, as well as have occasional income classified as other. From this it follows that the source of the bank's income is its main and side activities. Part of the income received by a commercial bank is directed to the creation of reserves to cover potential risks. The totality of all income of a commercial bank is called gross income.

PJSC Sberbank of Russia is the largest universal bank Russia, which provides banking service legal entities and individuals. License number 1481 dated August 11, 2015. The Bank is a member of the deposit insurance system. Authorized capital 67.7 billion rubles. It is a public joint stock company, 52.3% of shares belong to Central Bank Russian Federation, the remaining 47.6% of the shares are in public circulation, the owners of which are not established (including those owned by minority shareholders) .

Let's analyze the main financial results of PJSC "Sberbank of Russia" for 2010-2016. according to the income statement of a commercial bank for seven reporting periods (table 1) .

Table 1.

Key financial results of PJSC Sberbank of Russia for 2010-2016(billion rubles)

Indicators
Net interest income
Net fee and commission income
Operating income before provisions
Operating income
Allocations to the provision for impairment of the loan portfolio
Operating expenses
Profit before tax
Net profit

More clearly, the indicators of table 1 are presented in figure 1.

Figure 1. Dynamics of the main financial results of PJSC Sberbank of Russia for 2010-2016

The data in Table 1 and Figure 1 show a positive upward trend in profit indicators. It can be seen that for 7 years the operating income of the bank increased by 1047.7 billion rubles. or by 161.2%. Profit before tax from 2010 to 2016 also increased by 447.4 billion rubles. or nearly three times. The net profit of Sberbank of Russia PJSC increased by 360.3 billion rubles. or nearly three times.

Figure 2 presents the dynamics of the bank's net profit. In 2014-2015, the bank's net profit tended to decrease due to the current situation in the country economic crisis. Net profit of the bank from 362 billion rubles. in 2013 decreased to 290.3 billion rubles. in 2014 and further up to 222.9 billion rubles. in 2015. For two years, the bank lost 139.1 billion rubles. However, in 2016, compared to 2015, the net profit of PJSC Sberbank of Russia increased by 319 billion rubles. or almost 2.5 times.

Let's do a trend analysis. Trends can be represented by various equations - logarithmic, linear, power, etc. A trend is the main trend in a certain series (indicator).

Based on the graph data for 2010-2016 in Figure 2, a polynomial trend line is constructed, which approximates the empirical share well.

Figure 2. Dynamics of net profit of PJSC Sberbank of Russia for 2010-2016

Thus, in Figure 2, there is a clear uptrend in 2010-2016. If there are no major changes in politics and the economy, and Sberbank of Russia PJSC will work without slowing down, then we can expect that profit next year, 2017, will also grow.

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