BALANCE SHEET (disclosure form) · IV OFF-BALANCE-SHEET LIABILITIES 36 Irrevocable liabilities of the credit institution 7 326 174 406 6 701 111 522 37 Guarantees and sureties issued

Bank Reporting

Code of the credit institution (branch)

under OKPO registration number

(reference number)

45293554000 00032537 1481

Form code under OKUD 0409806

Quarterly (Annual)

thousand rubles

Line

No.Item description Note

Data for the reporting

period

Данные за предыдущий

отчетный год

1 2 3 4 5

I ASSETS

1 Cash and cash equivalents 5.1 398 226 405 614 848 983

2 Funds of credit institutions held with the Central Bank of Russian Federation 5.1 721 127 614 967 161 874

2.1 Obligatory reserves 152 078 447 154 713 883

3 Due from credit institutions 5.1 307 949 707 347 942 780

4 Financial assets carried at fair value through profit or loss 5.2 125 292 146 141 343 233

5 Net loans receivable 5.3 16 106 497 186 16 221 622 141

6 Net investments in securities and other financial assets available for sale 5.4 2 267 138 792 2 269 613 004

6.1 Investments in subsidiaries and affiliates 5.5 700 819 307 691 905 668

7 Net investments in securities held to maturity 5.6 461 267 206 455 961 164

8 Current income tax receivable 6 525 488 8 124 301

9 Deferred tax asset 0 0

10 Fixed assets, intangible assets, and inventory 463 428 360 469 120 697

11 Long-term assets held for sale 8 532 392 8 076 804

12 Other assets 322 265 690 217 263 502

13 Total assets 21 188 250 986 21 721 078 483

II LIABILITIES

14 Loans, deposits, and other funds of the Central Bank of Russian Federation 590 276 377 581 160 307

15 Due to credit institutions 5.7 335 228 691 364 499 528

16 Due to customers, other than credit institutions 5.8 16 223 721 201 16 881 988 991

16.1 Deposits (funds) of individuals, including individual entrepreneurs 10 832 077 395 10 937 747 277

17 Financial liabilities carried at fair value through profit or loss 89 758 148 107 586 935

18 Debt liabilities in issue 5.9 600 013 058 610 931 898

19 Current income tax payable 0 5 771 617

20 Deferred tax liability 17 878 331 17 878 331

21 Other liabilities 308 052 920 280 194 323

22 Provisions for possible losses from credit contingencies, other possible losses, and transactions

with offshore residents 40 521 079 42 145 668

23 Total liabilities 18 205 449 805 18 892 157 598

III SOURCES OF EQUITY

24 Funds of shareholders (participants) 67 760 844 67 760 844

25 Treasury shares (interests) redeemed from shareholders (participants) 0 0

26 Share premium 228 054 226 228 054 226

27 Reserve fund 3 527 429 3 527 429

28 Revaluation of securities available for sale at fair value less deferred tax liability (or plus deferred

tax asset) 38 932 216 39 900 064

29 Revaluation of fixed assets less deferred tax liability 44 780 345 45 400 901

30 Revaluation of liabilities (claims) for payment of long-term remunerations 0 0

31 Revaluation of hedging instruments 0 0

32 Monetary funds of grant financing (contributions to assets) 0 0

33 Retained profit (uncovered loss) of prior years 2 444 756 792 1 945 987 988

34 Unused profit (loss) for the reporting period 6 154 989 329 498 289 433

35 Total sources of equity 2 982 801 181 2 828 920 885

IV OFF-BALANCE-SHEET LIABILITIES

36 Irrevocable liabilities of the credit institution 7 326 174 406 6 701 111 522

37 Guarantees and sureties issued by the credit institution 1 305 852 677 1 234 474 908

38 Non-credit related contingencies 142 840 142 840

CEO and Chairman of the Executive Board of

Sberbank _________________ H. O. Gref (signature) (full name)

Senior Managing Director, Chief Accountant – L.S.

Director of the Accounting and Reporting Department ofSberbank _________________ M. Yu. Lukyanova

(signature) (full name)

_____________________ __________

Territory code under

OKATO

BALANCE SHEET

(disclosure form)

for the first quarter of 2017

Sberbank

Mailing address: 19 Vavilova St., Moscow, 117997

of the Credit Institution: Sberbank of Russia

Телекс 806-й

Bank Reporting



(reference number)

45293554000 00032537 1481

INCOME STATEMENT

for the first quarter of the year 2017


Quarterly (Annual)

thousand rubles

Line



period

Data for the same period

of the previous year

1 2 3 4 5

1 Interest income, total,

including:

6,1

493 790 850 528 068 274

1,1 from funds deposited with credit institutions 28 416 516 13 477 054

1,2 from loans to customers, other than credit institutions 430 383 503 476 548 167

1,3 from provision of services related to leasing 0 0

1,4 from investments in securities 34 990 831 38 043 053

2 Interest expenses, total,

including:

6,2

194 100 323 242 449 647

2,1 on deposits from credit institutions 12 563 022 21 403 664

2,2 on deposits from customers, other than credit institutions 170 945 903 206 789 639

2,3 on outstanding debt securities 10 591 398 14 256 344

3 Net interest income (negative interest margin) 299 690 527 285 618 627

4 Changes in the provisions for possible total losses from loans, loan debt and debt equivalents,

funds in correspondent accounts, and accrued interest income, including:

-30 403 678 -91 877 897

4,1 Changes to provisions for possible losses from accrued interest income -3 464 579 -2 795 672

5 Net interest income (negative interest margin) after provisions for possible losses 269 286 849 193 740 730

6 Net income from operations with financial assets carried at fair value through profit or loss

-3 774 363 -23 167 900

7 Net income from operations with financial liabilities carried at fair value through profit or

loss 0 0

8 Net income from operations with securities available for sale 10 046 893 537 234

9 Net income from operations with securities held to maturity -85 -73

10 Net income from operations with foreign currency 30 505 698 11 052 458

11 Net income from revaluation of foreign currency 6,3 -29 924 008 -8 623 863

12 Net income from operations with precious metals 141 114 -1 971 196

13 Income from participation in the capital of other legal entities 3 499 118 225 132

14 Fee and commission income 6,4 87 084 949 75 455 764

15 Fee and commission expenses 6,4 12 185 663 8 902 181

16 Changes in the provisions for possible losses from securities available for sale 5,4 0 0

17 Changes in the provisions for possible losses from securities held to maturity 5,6 208 250 153 273

18 Changes in the provisions for other losses -11 465 185 -2 799

19 Other operating income 9 717 566 6 803 010

20 Net income (expenses) 353 141 133 245 299 589

21 Operating expenses 6,5 138 493 432 130 410 043

22 Profit (loss) before tax 3,1 214 647 701 114 889 546

23 Tax benefit (expense) 59 658 372 14 445 716

24 Profit (loss) from continued activity 154 892 286 100 433 157

25 Profit (loss) from discontinued activity 97 043 10 673

26 Profit (loss) for the reporting period 6 154 989 329 100 443 830

Line



period

Data for the same period

of the previous year

1 2 3 4 5

1 Profit (loss) for the reporting period 6 154 989 329 100 443 830

2 Other comprehensive income (loss) 0 0

3 Items that are not reclassified into profit or loss, total, including:

-658 544 -478 874

3,1 change in the fixed assets revaluation fund -658 544 -478 874

3,2 changes in the fund for revaluation of liabilities (claims) related to pension security for

employees under defined benefit plans 0 0

4 Income tax related to items that may not be reclassified into profit or loss -37 988 -2 257

5 Other comprehensive income (loss) that may not be reclassified into profit or loss, less

income tax -620 556 -476 617

6 Items that may be reclassified into profit or loss, total, including: -967 849 41 016 342

6,1 change in the fund for revaluation of financial assets available for sale -967 849 41 016 342

6,2 change in the cash flow hedging fund 0 0

7 Income tax related to items that may be reclassified into profit or loss

0 0

Section 1. Profit and Loss


OKATO

Section 2. Total comprehensive income


Sberbank


(disclosure form)

Телекс 807-й

8 Other comprehensive income (loss) that may be reclassified into profit or loss, less income

tax -967 849 41 016 342

9 Other comprehensive income (loss), less income tax -1 588 405 40 539 725

10 Financial result for the reporting period 153 400 924 140 983 555


Sberbank _________________ H. O. Gref



Director of the Accounting and Reporting Department of

Sberbank _________________ M. Yu. Lukyanova


_____________________ __________

Bank Reporting


OKATO

under OKPO registration number (reference

number)

45293554000 00032537 1481

(disclosure form)

as of April 1, 2017


Quarterly (Annual)

thousand rubles

included in the capital

calculation

not included in the capital

calculation in the period

before January 1, 2018


calculation

not included in the capital

calculation in the period

before January 1, 2018

1 2 3 4 5 6 7

1 Share capital and share premium, total, including that formed through: 236 765 070 х 236 765 070 х

1,1 Ordinary shares (interests) 236 765 070 х 236 765 070 х

1,2 Preferred shares 0 х 0 х

2 Retained earnings (loss): 2 474 559 424 х 2 317 501 302 х

2,1 of previous years 2 474 559 424 х 1 905 443 182 х

2,2 of the reporting year 0 х 412 058 120 х

3 Reserve fund 3 527 429 х 3 527 429 х

4 Share of share capital subject to gradual exclusion from the calculation of equity (capital) not applicable х not applicable х

5 Subsidiaries' core capital instruments held by third parties not applicable not applicable not applicable not applicable

6Sources of core capital, total

(line 1 +/- line 2 + line 3 – line 4 + line 5) 2 714 851 923 х 2 557 793 801 х

7 Trading portfolio adjustment not applicable not applicable not applicable not applicable

8 Goodwill less deferred tax liabilities 0 0 0 0

9Intangible assets (except for goodwill and amounts related to rights for mortgage loan servicing), less

deferred tax liabilities 41 769 232 10 442 308 31 644 296 21 096 197

10 Deferred tax assets dependent on future income 0 0 0 0

11 Cash flow hedging reserves not applicable not applicable not applicable not applicable

12 Incompletely created provisions for possible losses 0 0 0 0

13 Income from securitization transactions not applicable not applicable not applicable not applicable

14 Income and expenses connected with changes in credit risk for liabilities assessed at fair valuenot applicable not applicable not applicable not applicable

15 Assets of a defined benefit plan not applicable not applicable not applicable not applicable

16 Investments in the bank's own shares (interests) 0 0 0 0

17 Mutual cross holdings of shares (interests) not applicable not applicable not applicable not applicable

18 Minor investments in core capital instruments of financial institutions 0 0 0 0

19 Major investments in core capital instruments of financial institutions 91 245 683 22 811 421 83 468 389 55 645 593

20 Rights for mortgage loan servicing not applicable not applicable not applicable not applicable

21 Deferred tax assets independent of future income 0 0 0 0

22Aggregate amount of major investments and deferred tax assets in excess of 15 percent of core

capital, total, including: 0 0 0 0

23 major investments in core capital instruments of financial institutions 0 0 0 0

24 rights for mortgage loan servicing not applicable not applicable not applicable not applicable

25 deferred tax assets independent of future income 0 0 0 0

26 Other items reducing the sources of core capital established by the Bank of Russia, total, including:0 0 0 0

26,1 Items subject to gradual exclusion from the calculation of equity (capital) 0 х 0 х

27 Negative value of additional Tier 1 capital 84 948 939 х 173 957 960 х

28Figures decreasing the sources of core capital, total

(sum of lines 7 to 22 and lines 26 to 27) 217 963 854 х 289 070 645 х

29Core Tier 1 capital, total

(line 6 – line 28) 2 496 888 069 х 2 268 723 156 х

30 Additional Tier 1 capital instruments and share premium, total, including:0 х 0 х

31 those classified as capital 0 х 0 х

32 those classified as liabilities 0 х 0 х

Line No. Indicator

Sources of additional Tier 1 capital

Section 1. Information on the level of capital adequacy


STATEMENT OF CAPITAL ADEQUACY TO COVER RISKS, AMOUNT OF PROVISIONS

FOR POSSIBLE LOSSES FROM LOANS AND OTHER ASSETS


Sberbank


Note

Instrument value (amount) as of the reporting dateInstrument value (amount) as of the beginning of the

reporting year

Sources of core Tier 1 capital

Items decreasing the sources of core Tier 1 capital

Телекс 808-й

33Additional Tier 1 capital instruments subject to gradual exclusion from the calculation of equity

(capital) 0 х 0 х

34 Additional Tier 1 capital instruments of subsidiaries that are held by third parties, total, including:not applicable х not applicable х

35subsidiaries' additional Tier 1 capital instruments subject to gradual exclusion from the calculation of

equity (capital) 0 х 0 х

36Sources of additional Tier 1 capital, total

(line 30 + line 33 + line 34) 0 х 0 х

37 Investments in the bank's own additional Tier 1 capital instruments 0 0 0 0

38 Reciprocal cross ownership of additional Tier 1 capital instruments not applicable not applicable not applicable not applicable

39 Minor investments in additional Tier 1 capital instruments of financial institutions not applicable not applicable not applicable not applicable

40 Major investments in additional Tier 1 capital instruments of financial institutions 0 0 0 0

41Other items reducing the sources of additional Tier 1 capital established by the Bank of Russia, total,

including: 84 948 939 х 173 957 960 х

41,1 items subject to gradual exclusion from equity (capital), total, including: 84 948 939 х 173 957 960 х

41.1.1 intangible assets 8 994 694 х 18 150 255 х

41.1.2 treasury shares (interests) purchased (redeemed) from shareholders (participants) 0 х 0 х

41.1.3 shares (interests) of subsidiary and affiliate financial institutions and resident credit institutions75 954 245 х 155 807 705 х

41.1.4 sources of equity capital formed from inappropriate assets 0 х 0 х

41.1.5negative value of additional capital resulting from adjustment of the value of equity (capital) by the

amount of sources of additional capital formed by investors using inappropriate assets0 х 0 х

42 Negative value of additional capital 0 х 0 х

43Items decreasing the sources of additional Tier 1 capital, total

(sum of lines 37 to 42) 84 948 939 х 173 957 960 х

44 Additional Tier 1 capital, total (line 36 – line 43) 0 х 0 х

45Tier 1 capital, total

(line 29 + line 44) 2 496 888 069 х 2 268 723 156 х

46 Additional capital instruments and share premium 889 506 873 х 890 933 469 х

47 Additional capital instruments subject to gradual exclusion from the calculation of equity (capital)32 754 200 х 39 305 040 х

48 Additional capital instruments of subsidiaries that are held by third parties, total, including: not applicable х not applicable х

49additional capital instruments of subsidiaries subject to gradual exclusion from the calculation of

equity (capital) not applicable х not applicable х

50 Provisions for possible losses not applicable х not applicable х

51Sources of additional capital, total

(line 46 + line 47 + line 48 + line 50) 922 261 073 х 930 238 509 х

52 Investments in the bank's own additional capital instruments 0 0 0 0

53 Reciprocal cross ownership of additional capital instruments not applicable not applicable not applicable not applicable

54 Minor investments in the additional capital instruments of financial institutions 0 0 0 0

55 Major investments in the additional capital instruments of financial institutions 91 001 187 22 750 297 72 507 234 48 338 155

56Other figures reducing the sources of additional capital established by the Bank of Russia, total,

including:1 162 535

х 2 073 044 х

56,1 items subject to gradual exclusion from equity (capital), total, including: 1 162 535 х 2 073 044 х

56.1.1 sources of capital formed by investors from inappropriate assets 0 х 0 х

56.1.2 accounts receivable overdue for more than 30 calendar days 126 535 х 1 044 х

56.1.3 subordinate loans provided to resident credit institutions 1 036 000 х 2 072 000 х

56.1.4excess of the total amount of loans and bank guarantees provided to the bank's shareholders

(participants) and insiders over its maximum amount0

х 0 х

56.1.5 investments in construction and acquisition of capital and material assets 0 х 0 х

56.1.6difference between the actual cost of a share payable to participants who have withdrawn from the

company and the price for which this share was sold to another participant0

х 0 х

57Items decreasing the sources of additional capital, total

(sum of lines 52 through 56)92 163 722

х 74 580 278 х

58Additional capital, total

(line 51 – line 57)830 097 351

х 855 658 231 х

59Equity (capital), total

(line 45 + line 58)3 326 985 420

х 3 124 381 387 х

60 Risk-weighted assets: х х х х

60,1 items subject to gradual exclusion from the calculation of equity (capital)339 795 756 х 260 936 940 х

60,2 those necessary for determining core capital adequacy 8,3 22 329 664 161 х 22 835 336 918 х

60,3 those necessary for determining Tier 1 capital adequacy 8,3 22 329 664 161 х 22 835 336 918 х

60,4 those necessary for determining equity (capital) adequacy 8,3 22 362 405 806 х 22 902 029 338 х

61Core capital adequacy

(line 29 : line 60.2)8,4 11,2

х9,9

х

62Tier 1 capital

adequacy (line 45 : line 60.3)8,4 11,2

х9,9

х

63Equity (capital) adequacy

(line 59 : line 60.4)8,4 14,9

х13,6

х

64 Equity (capital) adequacy ratio buffers, total, including: not applicable х not applicable х

65 capital conservation buffer not applicable х not applicable х

66 counter-cyclical buffer not applicable х not applicable х

67 buffer for systemically important banks not applicable х not applicable х

68 Core capital available for use to support equity (capital) adequacy not applicable х not applicable х

Items decreasing the sources of additional Tier 1 capital

Sources of additional capital

Items decreasing the sources of additional capital

Equity (capital) adequacy ratio and buffers on equity (capital) adequacy ratio requirements, percentage

69 Basic capital adequacy ratio 8,4 11,2 х 9,9 х

70 Tier 1 capital adequacy ratio 8,4 11,2 х 9,9 х

71 Equity (capital) adequacy ratio 8,4 14,9 х 13,6 х

72 Minor investments in capital instruments of financial institutions 0 х 0 х

73 Major investments in capital instruments of financial institutions 0 х 0 х

74 Rights for mortgage loan servicing not applicable х not applicable х

75 Deferred tax assets independent of future income 0 х 0 х

76Reserves for possible losses included in the calculation of additional capital with regard to positions

for which the credit risk is calculated using the standardized approach not applicable х not applicable х

77Limitations on including reserves for possible losses in the calculation of additional capital when

using the standardized approachnot applicable х not applicable х

78Reserves for possible losses included in the calculation of additional capital with regard to positions

for which the credit risk is calculated using the IRB model approach not applicable х not applicable х

79Limitations on including reserves for possible losses in the calculation of additional capital when

using the IRB model approach not applicable х not applicable х

80The current limitation on including instruments subject to gradual exclusion from the calculation of

equity (capital) in the list of core capital sources 0 х 0 х

81 Instruments not included in the list of core capital sources due to the limitation 0 х 0 х


equity (capital) in the list of additional Tier 1 capital sources 0 х 0 х

83 Instruments not included in the list of additional Tier 1 capital sources due to the limitation 0 х 0 х


equity (capital) in the list of additional capital sources 0 х 0 х

85 Instruments not included in the list of additional capital sources due to the limitation 0 х 0 х

thousand rubles

Value of assets

(instruments) evaluated

using the standard

approach

Assets (instruments) less

provisions for possible losses

Value of risk-weighted

assets (instruments)

Value of assets (instruments)

evaluated using the standard

approach

Assets (instruments)

less created provisions

for possible losses

Value of risk-

weighted assets

(instruments)

1 2 3 4 5 6 7 8 9

1 Credit risk on assets recorded in the balance-sheet accounts 8,3 15 367 196 207 14 676 103 591 10 851 134 185 16 426 493 578 15 756 459 732 11 332 545 334

1,1 Assets with a risk ratio <1> of 0 percent, total, including: 2 336 267 354 2 334 106 322 0 2 726 725 838 2 723 905 058 0

1.1.1 cash and obligatory reserves deposited with the Bank of Russia 1 112 287 551 1 112 287 551 0 1 567 052 611 1 567 052 611 0

1.1.2

credit claims and other claims secured by guarantees of Russia, the Russian Ministry of Finance, and

the Bank of Russia and the pledge of government debt securities of Russia, the Russian Ministry of

Finance, and the Bank of Russia 1 223 979 803 1 221 818 771 0 1 159 673 227 1 156 852 447 0

1.1.3credit claims and other claims against the central banks and governments of countries with a country

risk assessment of "0" or "1" <2>, including those secured by the guarantees of those countries0 0 0 0 0 0

1,2 Assets with a risk ratio of 20 percent, total, including: 1 901 450 198 1 895 511 606 379 102 321 2 189 490 566 2 184 637 744 436 927 549

1.2.1

credit claims and other claims against subjects of Russia or municipal entities and against other

entities secured by the guarantees or the pledge of securities of subjects of Russia or municipal

entities 1 053 261 769 1 048 850 362 209 770 072 1 632 346 659 1 630 977 581 326 195 516

1.2.2credit claims and other claims against the central banks or governments of countries with a country

risk assessment of "2", including those secured by their guarantees (pledge of securities)0 0 0 0 0 0

1.2.3

credit claims and other claims against credit institutions that are residents of countries with a country

risk assessment of "0" or "1" that have long-term credit ratings <3>, including those secured by their

guarantees 848 188 429 846 661 244 169 332 249 557 143 907 553 660 163 110 732 033

1,3 Assets with a risk ratio of 50 percent, total, including: 32 006 581 31 993 064 15 996 532 6 942 954 6 925 841 3 462 921

1.3.1

credit claims and other foreign currency-denominated claims secured by guarantees of Russia, the

Russian Ministry of Finance, and the Bank of Russia and the pledge of government debt securities of

Russia, the Russian Ministry of Finance, and the Bank of Russia denominated in foreign currency0 0 0 0 0 0

1.3.2credit claims and other claims against the central banks and governments of countries with a country

risk assessment of "3", including those secured by their guarantees (pledge of securities)856 156 856 156 428 078 372 993 372 993 186 497

1.3.3

credit claims and other claims against credit institutions that are residents of countries with a country

risk assessment of "0" or "1" that do not have long-term credit ratings and against credit institutions

that are residents of countries with a country risk assessment of "2", including those secured by their

guarantees 31 150 425 31 136 908 15 568 454 6 569 961 6 552 848 3 276 424

1,4 Assets with a risk ratio of 100 percent, total, including: 10 981 329 476 10 331 407 134 10 331 407 134 11 350 511 514 10 738 663 540 10 738 663 540

1.4.1 loan debts of legal entities 5 364 226 318 4 991 622 327 4 991 622 327 5 431 911 885 5 074 977 987 5 074 977 987

1,5Assets with a risk coefficient of 150 percent: credit claims and other claims against the central banks

and governments of countries with a country risk assessment of "7" 116 142 598 83 085 465 124 628 198 152 822 706 102 327 549 153 491 324

2 Assets with increased risk ratios, total, including: х х х х х х

Section 2. Information on the amount of credit, operational, and market risks covered by capital

Subsection 2.1. Credit risk using the standardized approach

Information on balance-sheet data that is sources of data for Section 1 of the Report is provided in Note 8 of the accompanying information for form 0409808.

Line No. Indicator Note

Equity (capital) adequacy ratio requirements, percentage

Data as of the start of the reporting year

Figures accepted for the reduction of sources of capital that do not exceed the applicable materiality thresholds

Restrictions on the inclusion of provisions for possible losses in the calculation of additional capital

Instruments that shall be gradually excluded from the calculation of equity (capital) (applies from January 1,

2018, to January 1, 2022)

Data as of the reporting date

2,1 those with decreased risk ratios, total, including: 554 976 920 554 976 920 28 020 488 32 729 613 32 729 613 1 935 280

2.1.1 mortgage loans with a risk ratio of 50 percent 0 0 0 0 0 0

2.1.2 mortgage loans with a risk ratio of 70 percent 0 0 0 0 0 0

2.1.3 claims of clearing participants 554 976 920 554 976 920 28 020 488 32 729 613 32 729 613 1 935 280

2,2 those with increased risk ratios, total, including: 6 007 712 955 5 525 318 622 7 544 739 086 6 167 528 223 5 695 130 136 7 719 982 269

2.2.1 those with a risk ratio of 110 percent 2 626 057 467 2 386 431 532 2 674 023 545 2 554 221 598 2 340 960 181 2 596 016 491

2.2.2 those with a risk ratio of 130 percent 264 507 798 228 606 169 280 153 637 302 168 045 265 502 272 328 502 696

2.2.3 those with a risk ratio of 150 percent 2 903 118 887 2 696 252 118 4 044 378 177 3 159 788 744 2 937 317 847 4 405 976 771

2.2.4 those with a risk ratio of 250 percent 212 917 631 212 917 631 532 294 077 150 238 664 150 238 664 375 596 661

2.2.5 those with a risk ratio of 1,250 percent, total, including: 1 111 172 1 111 172 13 889 650 1 111 172 1 111 172 13 889 650

2.2.5.1 those under transactions assigning monetary claims, including those certified by deeds of pledge0 0 0 0 0 0

3 Consumer loans, total, including: 8,3 147 093 101 831 144 965 161 890 115 495 168 346

3,1 those with a risk ratio of 110 percent 8 868 8 033 8 836 1 845 1 574 1 731



3,4 those with a risk ratio of 200 percent 0 0 0 0 0 0


3.6 those with a risk ratio of 600 percent 0 0 0 0 0 0

4 Credit risk on credit contingencies, total, including: 3 558 017 982 3 519 338 988 1 313 961 631 3 503 956 384 3 463 356 835 1 220 184 189

4,1 on financial instruments with high risk 1 267 912 132 1 252 879 914 1 252 879 914 1 209 496 318 1 193 023 291 1 193 023 291

4,2 on financial instruments with average risk 67 171 725 67 171 225 33 585 613 13 365 411 13 332 308 6 666 154

4,3 on financial instruments with low risk 137 480 647 137 480 518 27 496 104 102 476 138 102 473 722 20 494 744

4,4 on financial instruments without risk 2 085 453 478 2 061 807 331 0 2 178 618 517 2 154 527 514 0

5 Credit risk on derivative financial instruments 8,3 103 710 128 х 102 272 494 106 107 117 х 107 614 638

thousand rubles

Line No. Indicator NoteData

as of the reporting date

Data as of the start of the

reporting year

1 2 3 4 5

6 Operational risk, total, including: 181 748 253 181 748 253

6,1 income for the purpose of calculating the capital to cover operational risk, total, including: 1 211 655 017 1 211 655 017

6.1.1 net interest income 879 686 664 879 686 664

6.1.2 net non-interest income 331 968 353 331 968 353

6,2 the number of years preceding the date of calculation of operational risk amount 3 3

thousand rubles

Line No. Indicator NoteData



reporting year

1 2 3 4 5

7 Aggregate market risk, total, including: 244 024 950 204 965 813

7,1 interest rate risk, total, including: 18 969 210 15 936 051

7.1.1 General 7 994 426 8 720 225

7.1.2 Special 9 899 114 6 992 470

7.1.3 gamma risk and vega risk for options included in the calculation of interest rate risk 1 075 670 223 356

7,2 stock market risk, total, including: 0 0

7.2.1 general 0 0

7.2.2 special 0 0

7.2.3 gamma risk and vega risk for options included in the calculation of stock market risk 0 0

7.3 currency risk, total, including 0 0

7.3.1 gamma risk and vega risk for options included in the calculation of currency risk 0 0

7,4 commodities risk, total, including: 552 786 461 214

7.4.1 general commodities risk 381 050 299 631

7.4.2 additional commodities risk 136 349 126 716

7.4.3 gamma risk and vega risk for options included in the calculation of commodities risk 35 387 34 867

Subsection 2.2. Operational risk

Subsection 2.3. Market risk

<1> Assets have been classified by risk group in accordance with Clause 2.3 of Bank of Russia Instruction No. 139-I.

<2> Country risk assessments are indicated in accordance with the classification provided by export credit agencies participating in the Arrangement on Officially Supported Export Credits signed by the member countries of the Organization for Economic Cooperation and Development (OECD) (the information on

country risk assessments is published in the Banking Supervision section on the official website of the Bank of Russia).

<3> The long-term credit ratings of a credit institution are determined based on the ratings assigned by international rating agencies: Standard & Poor's, Fitch Rating's, or Moody's Investors Service.

thousand rubles

Line No. Indicator NoteData as of the reporting

date

Increase (+) / decrease (-)

over the reporting period


reporting year

1 2 3 4 5 6

1 Actual provisions for possible losses, total, including: 8,2 1 214 053 179 29 630 339 1 184 422 840

1.1 for loans, debt, and debt equivalents 1 079 677 325 19 755 460 1 059 921 865

1.2 for other balance-sheet assets related to the risk of possible losses and for other losses 93 854 775 11 499 468 82 355 307

1.3for credit contingencies and securities the rights to which are certified by depositories not meeting the

Bank of Russia criteria and which are reflected in the off-balance accounts 38 678 995 -1 920 447 40 599 442

1.4 for operations with offshore residents 1 842 084 295 858 1 546 226

percent thousand rubles percent thousand rubles percent thousand rubles

1 2 3 4 5 6 7 8 9

1Requirements for counterparties with signs that indicate a possible lack of real activity, total,

including: 1 302 747 423 19,02 247 746 109 9,12 118 820 994 -9,90 -128 925 115

1,1 loans 1 270 588 114 18,44 234 332 733 8,87 112 647 490 -9,58 -121 685 243

2 Restructured loans 1 651 553 348 7,85 129 622 156 1,86 30 679 070 -5,99 -98 943 086

3 Loans to borrowers for debt repayment on previously granted loans 1 044 221 634 8,07 84 293 406 0,44 4 553 034 -7,64 -79 740 372

4 Loans used to loans to third parties and repayment of previous obligations of other borrowers, total,2 556 368 830 8,26 211 035 024 0,69 17 755 830 -7,56 -193 279 194

4,1 before reporting credit institution 494 336 441 16,10 79 598 943 0,99 4 884 556 -15,11 -74 714 387

5 Loans used for the acquisition and/or redemption of emission securities 75 431 597 20,52 15 479 277 0,25 189 690 -20,27 -15 289 587

6 Loans used to make investments in authorized capitals of other legal entities 74 428 452 11,98 8 914 082 0,00 42 -11,98 -8 914 040

7Loans resulting from the termination of the borrower's earlier existing obligations by novation or

compensation 0 - 0 - 0 0,00 0

8 Credit related commitments to counterparties with signs that indicate a possible lack of real activity37 808 564 2,65 1 001 954 1,34 505 133 -1,31 -496 821

Line No. Indicator NoteValue as of the reporting

date

Value as of the date one

quarter before the reporting

date

Value as of the date two

quarters before the

reporting date

Value as of the date three

quarters before the reporting

date

1 2 3 4 5 6 7

1 Tier 1 capital, thousand rubles 8.5 2 496 888 069 2 268 723 156 2 047 914 542 1 894 268 890

2Amount of balance-sheet assets and off-balance-sheet claims at risk for calculating the leverage

ratio, thousand rubles 22 544 311 356 23 057 993 140 22 961 371 483 22 999 224 591

3 Leverage ratio under Basel III, percentage 11,1 9,8 8,9 8,2

Amount of claims, thousand

rublesIndicator

Established provision for possible losses

Change in the amount of provisionsin accordance with the minimum requirements

established by Bank of Russia Regulation No. 254-P

and the Bank of Russia Regulation No. 283-P

according to the decision of the authorized body

Section 4. Information on the leverage ratio

Section 3. Information on the amount of provisions for possible losses from loans and other assets

Subsection 3.1. Information on the amount of provisions for possible losses from loans and other assets

Line No.

Subsection 3.2. Information on assets and credit related commitments classified on the basis of a decision of the authorized management body of a credit institution to a higher quality category than it follows from formalized criteria for assessing credit risk

Note: 5,3

1 Creation (additional accrual) of provisions in the reporting period (thousand rubles), total169 229 774

including those due to:

1.1 loans issued 61 713 038

1.2 changes in loan quality 101 616 590

1.3 changes in the official foreign currency exchange rate against the ruble set by the Bank of Russia21 543

1.4 other reasons 5 878 603

2 Recovery (decrease) of provisions in the reporting period (thousand rubles), total 149 474 314

including those due to:

2.1 write-off of bad loans 10 462 350

2.2 repayment of loans 81 087 292

2.3 changes in loan quality 48 064 075

2.4 changes in the official foreign currency exchange rate against the ruble set by the Bank of Russia7 265 220

2.5 other reasons 2 595 377


Sberbank _________________ H. O. Gref






_____________________ __________

Reference section

Information on the flow of provisions for possible losses from loans, debt, and debt equivalents


OKATO

45293554000

INFORMATION

ON STATUTORY RATIOS, THE LEVERAGE RATIO,

AND THE SHORT-TERM LIQUIDITY RATIO

(disclosure form)

as of April 1, 2017

Section 1. Information on statutory ratios

1 2 3 4

1 The core capital adequacy ratio of a bank (R1.1) or a group of banks (R20.1) 8.3 4,5 11,2

2 The Tier 1 capital adequacy ratio of a bank (R1.2) or a group of banks (R20.2) 8.3 6,0 11,2

3The equity (capital) adequacy ratio of a bank (R1.0) or a group of banks

(R20.0)8.3 8,0 14,9

4

Equity (capital) adequacy ratio of a nonbanking credit institution entitled to

make transfers of funds without opening bank accounts and other related bank

transactions (R1.3)

0,0

5 Instant liquidity ratio of the bank (R2) 15,0 237,8

6 Current liquidity ratio of the bank (R3) 50,0 331,5

7 Long-term liquidity ratio of the bank (R4) 120,0 53,7

8 Maximum 17,6

8.1 Minimum 0,1

9 Maximum major credit risk ratio of a bank (R7) or a group of banks (R22) 800,0 120,3

10Maximum amount of loans, bank guarantees, and sureties issued by the bank to

its members (shareholders) (R9.1)50,0 0,0

11 Aggregate risk ratio of the bank’s insiders (R10.1) 3,0 0,5

12

The ratio of the use of bank equity (capital) for the purchase of shares

(interests) of other legal entities (R12), the ratio of the use of the banking

group's equity (capital) for the purchase of shares (interests) of other legal

entities by the parent credit institution of the banking group or members of the

banking group (R23)

25,0 16,7

13Ratio of the amount of liquid assets maturing within the next 30 calendar days

to the amount of liabilities to nonbank settlement credit institutions (R15)

14

Liquidity ratio of a nonbanking credit institution entitled to make transfers of

funds without opening bank accounts and other related bank transactions

(R15.1)

15Ratio of maximum aggregate loans to customers involved in settlements for

completion of settlements (R16)

16

Ratio of loans to borrowers, other than those involved in settlements, from

nonbank settlement credit institutions on their own behalf and for their own

account (R16.1)

17Minimum ratio of mortgage coverage and the volume of emission of mortgage-

backed bonds (R18)

18Норматив максимального размера риска на связанное с банком лицо

(группу связанных с банком лиц) (H25) <1>20,0 7,9

<1> Норматив максимального размера риска на связанное с банком лицо (группу связанных с банком лиц) (H25) на начало года не использовался в регуляторных целях


Sberbank


Maximum risk ratio per borrower or group of related borrowers of a bank

(R6)

Actual valueLine

No.Indicator Note Statutory value


5

25,0

Телекс 813-й

thousand rubles

Line

No.Indicator Note Amount

1 2 3 4

1 Amount of assets according to balance sheet (published form), total: 21 188 250 986

2

Adjustment related to investments in the capital of credit, financial, insurance,

and other institutions the reporting data of which is included in consolidated

financial statements, but not included in the calculation of the amount of equity

(capital), statutory ratios, and the amounts (limits) of open foreign exchange

positions of the banking groupnot applicable for statements

of a credit institution as a legal

entity

3Adjustment related to fiduciary assets recorded in accordance with accounting

standards but not included in the calculation of the leverage ratio0

4 Adjustment related to derivative financial instruments 31 256 520

5 Adjustment related to securities lending and borrowing 4 822 155

6 Adjustment related to reducing credit contingencies to credit equivalent 1 520 142 363

7 Other adjustments 200 160 668

8Amount of balance-sheet assets and off-balance-sheet claims at risk for

calculating the leverage ratio, after adjustments, total:22 544 311 356

thousand rubles

Line

No.Indicator Note Amount

1 2 3 4

Balance sheet assets risk

1 Balance sheet assets, total: 20 348 238 804

2Decreasing adjustment for the sum of figures taken as a decrease in core

capital sources217 963 854

3Balance sheet assets at risk after adjustment (difference between lines 1 and 2),

total:20 130 274 950

Risk on operations with derivatives

4Current credit risk on operations with derivatives

(less variation margin received), total:65 775 460

5Potential counterparty credit risk

on operations with derivatives, total:50 573 373

6

Adjustment for the amount of the nominal value of the collateral on operations

with derivatives subject to write-off from the balance in accordance with

accounting standardsnot applicable in accordance

with Russian Accounting

Standards

7Decreasing adjustment for the amount of the transferred variation margin in the

established cases0

8Adjustment as regards the claims of the clearing participant bank against the

central counterparty for trade settlements0

9Adjustment for recording the credit risk as regards the underlying (basic) asset

for outstanding derivatives17 385 757

10 Decreasing adjustment as regards outstanding credit derivatives 5 015 869

11

Derivative risk after adjustments

(sum of lines 4, 5, and 9 minus lines 7, 8, and 10),

total:

128 718 721

Risk on securities lending and borrowing

12 Claims on securities lending and borrowing (excluding netting), total: 760 353 167

13Adjustment for payment netting (claims and liabilities) on securities lending

and borrowing0

14 Credit risk per counterparty on securities lending and borrowing 4 822 155

15 Risk on guarantee transactions on securities lending and borrowing 0

16Claims on securities lending and borrowing after adjustments (sum of lines 12,

14, 15 minus line 13), total:765 175 322

Section 2. Information on calculating the leverage ratio

Subsection 2.1. Calculation of the amount of balance-sheet assets and off-balance-sheet claims at risk for calculating the leverage ratio

Subsection 2.2. Calculation of the leverage ratio

Risk for credit contingencies

17Nominal risk for

credit contingencies, total:1 313 961 631

18 Adjustment as regards applying the credit equivalent ratios -206 180 732

19Risk on credit contingencies after adjustments (difference between lines 17 and

18)1 520 142 363

Capital and risks

20 Tier 1 capital 2 496 888 069

21

Amount of balance-sheet assets and off-balance-sheet claims at risk for

calculating the leverage ratio

(sum of lines 3, 11, 16, 19), total:

22 544 311 356

Leverage Ratio

22Leverage ratio under Basel III

(line 20/line 21), percentage8.6 11,1


Sberbank _________________ H. O. Gref






_____________________ __________

Bank Reporting



(reference number)

00032537 1481

INFORMATION

ON STATUTORY RATIOS, THE LEVERAGE RATIO,

AND THE SHORT-TERM LIQUIDITY RATIO

(disclosure form)

as of April 1, 2017


Quarterly (Annual)

9,9

9,9

13,6

0,0

217,0

301,6

55,4

Maximum 17,9

Minimum 0,1

129,8

0,0

0,5

15,3

—

<1> Норматив максимального размера риска на связанное с банком лицо (группу связанных с банком лиц) (H25) на начало года не использовался в регуляторных целях


Sberbank


Actual value

as of the start of the reporting year

6

Bank Reporting



(reference number)

45293554000 00032537 1481

Form code 0409814

Quarterly (Annual)

thousand rubles

No. Item NoteCash flow for the reporting

period

Cash flow for the relevant

reporting period of the

previous year

1 2 3 4 5

1 Net cash received from (used in) operating activities

1,1 Total cash received from (used in) operating activities before changes in the operating assets and

liabilities, total,

including:

271 006 752 305 032 646

1.1.1 Interest received 489 219 551 509 470 325

1.1.2 Interest paid -176 612 794 -230 510 520

1.1.3 Fee and commission received 87 156 939 72 014 827

1.1.4 Fee and commission paid -12 551 582 -8 466 057

1.1.5 Income less expenses for operations with financial assets carried at fair value through profit or loss that

are available for sale-7 607 980 9 321 680

1.1.6 Income less expenses from operations with securities held to maturity 0 -73

1.1.7 Income less expenses for operations with foreign currency 30 505 698 11 052 458

1.1.8 Other operating income 9 632 158 4 974 663

1.1.9 Operating expenses -92 612 168 -51 159 049

1.1.10 Tax expense (benefit) -56 123 070 -11 665 608

1,2 Increase (decrease) of net cash from operating assets and liabilities, total,

including:-683 080 476 -78 816 981

1.2.1 Net increase (decrease) of obligatory reserves in accounts with the Bank of Russia 2 635 436 -11 846 095

1.2.2 Net increase (decrease) of investments in securities carried at fair value through profit or loss 596 808 10 981 923

1.2.3 Net increase (decrease) of loan debts -240 197 418 -272 522 758

1.2.4 Net increase (decrease) of other assets -106 239 107 158 569 430

1.2.5 Net increase (decrease) of loans, deposits, and other funds of the Bank of Russia 9 116 070 20 659 911

1.2.6 Net increase (decrease) in deposits of other credit institutions -17 509 081 -191 698 333

1.2.7 Net increase (decrease) in deposits of customers other than credit institutions -306 368 419 180 320 671

1.2.8 Net increase (decrease) of financial liabilities carried at fair value through profit or loss0 0

1.2.9 Net increase (decrease) of outstanding debt instruments -8 459 477 49 416 327

1.2.10 Net increase (decrease) of other liabilities -16 655 288 -22 698 057

1,3 Total for section 1 (line 1.1 + line 1.2) -412 073 724 226 215 665

2 Net cash received from (used in) investment activities X X

2,1 Acquisition of securities and other financial assets categorized as "available for sale" -175 711 813 -494 730 946

2,2 Proceeds from the sale and redemption of securities and other financial assets categorized as "available

for sale"154 577 860 212 466 506

2,3 Acquisition of securities categorized as "held to maturity" -18 556 991 -678 536

2,4 Cash received from redemption of securities “held to maturity” -85 6 815 370

2,5 Acquisition of fixed assets, intangible assets, and inventory -19 787 733 -44 365 207

2,6 Proceeds from the sale of fixed assets, intangible assets, and inventory 859 123 89 370

2,7 Dividends received 659 488 225 132

2,8 Total for section 2 (sum of lines 2.1 to 2.7) -57 960 151 -320 178 311

3 Net cash received from (used in) financing activities X X

3,1 Shareholders’ (members’) contributions to share capital 0 0

3,2 Acquisition of equity shares (interests) redeemed from shareholders (members) 0 0

3,3 Sale of equity shares (interests) redeemed from shareholders (members) 0 0

3,4 Dividends paid 8.5 -5 794 -7 874

3,5 Total for section 3 (sum of lines 3.1 to 3.4) -5 794 -7 874

4 Impact of changes to the official currency exchange rates against the ruble as established by the Bank of

Russia on cash and cash equivalents-29 888 499 -26 203 389

5 Increase (use) of cash and cash equivalents -499 928 168 -120 173 909

5,1 Cash and cash equivalents as of the start of the reporting period 5.1 1 775 146 807 1 556 595 024

5,2 Cash and cash equivalents as of the end of the reporting period 5.1 1 275 218 639 1 436 421 115


Sberbank _________________ H. O. Gref






_____________________ __________


OKATO


CASH FLOW STATEMENT

(disclosure form)

as of April 1, 2017

Sberbank


Телекс 814-й

Line No. Instrument characteristic Description of instrument characteristics Description of instrument characteristics

1 2 3 4

1Abbreviated company name of the capital

instrument issuerSberbank Sberbank

2 Instrument identification number10301481V;

RU0009029540

20301481V;

RU0009029557

3 Governing law: country code 643 643

3.1 Governing law: country Russia Russia

Regulatory conditions

4Level of capital in which the instrument is included

during the Basel III transitional periodcore capital additional capital


after the Basel III transitional periodcore capital does not comply

6Consolidation level at which the instrument is

included in the capitalon an individual basis and on the bank group level on an individual basis and on the bank group level

7 Instrument type ordinary shares preferred shares

8 Instrument value included in the capital calculation 64 760 844,00 2 975 000,00

9 Instrument nominal value RUB 0.003 RUB 0.003

10 Instrument classification for accounting purposes shareholders' equity shareholders' equity

11 Instrument issue (attraction, placement) date 11.07.2007 11.07.2007

12 Presence of a maturity period for the instrument no maturity period no maturity period

13 Instrument maturity date without limitation without limitation

14Right to early redemption (repayment) of an

instrument coordinated with the Bank of Russiano no

15

The initial date (dates) for possible exercise of the

early redemption (repayment) right, the terms for

exercising this right, and the redemption

(repayment) amount

no no

16The subsequent date (dates) for exercising the early

redemption (repayment) right for the instrumentno no

Interest/dividends/coupon yield

17 Instrument rate type floating rate floating rate

18 Rate not applicable no less than 0.15 of the nominal value

19Presence of conditions for ceasing dividend

payments on common sharesnot applicable yes

20 Obligatoriness of dividend paymentfully at the discretion of the credit institution (parent

credit institution and/or bank group participant)

fully at the discretion of the credit institution (parent

credit institution and/or bank group participant)

21

Terms providing for an increase in payments on an

instrument or other motivations for early redemption

(repayment) of the instrument

no no

22 Payment type noncumulative noncumulative

23 Instrument convertibility nonconvertible nonconvertible

24 Instrument conversion terms not applicable not applicable

25 Partial or full conversion not applicable not applicable

26 Conversion rate not applicable not applicable

27 Obligatoriness of conversion not applicable not applicable

28Level of capital into which instrument the

instrument is convertednot applicable not applicable

29Abbreviated company name of the issuer of the

instrument into which the instrument is convertednot applicable not applicable

30Possibility of writing off an instrument to cover

lossesnot applicable not applicable

31 Instrument write-off terms not applicable not applicable

32 Partial or full write-off not applicable not applicable

33 Permanent or temporary write-off not applicable not applicable

34 Recovery mechanism not applicable not applicable

35 Instrument subordination not applicable not applicable

36

Conformity with the requirements of Bank of Russia

Regulation No. 395-P and Bank of Russia

Regulation No. 509-P

yes no

37 Description of discrepancies not applicable no loss absorption condition

Section 5. Key characteristics of capital instruments

Note: Complete information on the conditions of the issue (raising) of capital instruments as well as relevant information from Section 5 of the Report provided

in the "Regulatory Disclosure" section at www.sberbank.com

Line No. Instrument characteristic

1 2


instrument issuer

2 Instrument identification number

3 Governing law: country code

3.1 Governing law: country



during the Basel III transitional period


after the Basel III transitional period



7 Instrument type

8 Instrument value included in the capital calculation

9 Instrument nominal value

10 Instrument classification for accounting purposes

11 Instrument issue (attraction, placement) date

12 Presence of a maturity period for the instrument

13 Instrument maturity date


instrument coordinated with the Bank of Russia

15




(repayment) amount


redemption (repayment) right for the instrument


17 Instrument rate type

18 Rate


payments on common shares

20 Obligatoriness of dividend payment

21




22 Payment type

23 Instrument convertibility

24 Instrument conversion terms

25 Partial or full conversion

26 Conversion rate

27 Obligatoriness of conversion


instrument is converted


instrument into which the instrument is converted


losses

31 Instrument write-off terms

32 Partial or full write-off

33 Permanent or temporary write-off

34 Recovery mechanism

35 Instrument subordination

36




37 Description of discrepancies


Description of instrument characteristics

5

Bank of Russia

Subordinated Loan Agreement of the Bank of

Russia No. 13/1 dated October 17, 2008

(including addenda No. 1 and No. 2)

643

Russia

additional capital

additional capital

on an individual basis and on the bank group level

subordinated loan (deposit)

150 000 000,00

RUB 150,000,000.000

a liability recorded at the book value

25.03.2015

has maturity period

20.10.2058

yes

right to early repayment upon the consent of the

Bank of Russia

not applicable

fixed rate

0,07

yes

partially at the discretion of the credit institution

(parent credit institution and/or bank group

participant)

no

noncumulative

nonconvertible

not applicable

not applicable

not applicable

not applicable

not applicable

not applicable

yes

provided that payments to the Bank of Russia would

lead to grounds for taking bankruptcy prevention

actions. The right of the Bank of Russia to demand a

write-off is provided for by the agreement and the

law

partially or in full

permanent

not applicable

not applicable

no

no loss absorption conditionNote: Complete information on the conditions of the issue (raising) of capital instruments as well as relevant information from Section 5 of the Report provided

in the "Regulatory Disclosure" section at www.sberbank.com


1 2


instrument issuer











7 Instrument type









15




(repayment) amount





18 Rate




21




22 Payment type




26 Conversion rate







losses






36






Description of instrument characteristics Description of instrument characteristics

6 7

Bank of Russia Bank of Russia


Russia No. 13/2 dated November 5, 2008

(including addenda No. 1 and No. 2)


Russia No. 13/4 dated June 16, 2014

(including addendum No. 1)

643 643

Russia Russia

additional capital additional capital


on an individual basis and on the bank group level on an individual basis and on the bank group level

subordinated loan (deposit) subordinated loan (deposit)

150 000 000,00 200 000 000,00

RUB 150,000,000.000200,000,000.000

RUB

a liability recorded at the book value a liability recorded at the book value

25.03.2015 25.03.2015

has maturity period has maturity period

06.11.2058 18.06.2064

yes yes


Bank of Russia


Bank of Russia

not applicable not applicable

fixed rate fixed rate

0,07 0,07

yes yes



participant)



participant)

no no

noncumulative noncumulative

nonconvertible nonconvertible







yes yes





law





law

partially or in full partially or in full

permanent permanent



no no

no loss absorption condition no loss absorption condition


1 2


instrument issuer











7 Instrument type









15




(repayment) amount





18 Rate




21




22 Payment type




26 Conversion rate







losses






36







8

SB CAPITAL S.A.

XS0848530977

442

Luxembourg

additional capital

does not comply

on an individual basis and on the bank group level

subordinated bond loan

32 729 200,00

USD 2,000,000.000

a liability recorded at the depreciated value

12.11.2012

has maturity period

29.10.2022

yes

possibility of early repayment of the instrument in

full (but not partially) upon the consent of the Bank

of Russia related to changes in the tax law or the

requirements of the authorized supervisory body

that substantially deteriorate the issue terms for the

parties to the agreement

not applicable

fixed rate

0,05

no

payment is obligatory

no

noncumulative

nonconvertible

not applicable

not applicable

not applicable

not applicable

not applicable

not applicable

no

not applicable

not applicable

not applicable

not applicable

not applicable

no

no loss absorption condition


1 2


instrument issuer











7 Instrument type









15




(repayment) amount





18 Rate




21




22 Payment type




26 Conversion rate







losses






36






Description of instrument characteristics Description of instrument characteristics

9 10

SB CAPITAL S.A. SB CAPITAL S.A.

XS0935311240 XS1032750165

442 442

Luxembourg Luxembourg



on an individual basis and on the bank group level on an individual basis and on the bank group level

subordinated bond loan subordinated bond loan

56 377 900,00 56 377 900,00

USD 1,000,000.000 USD 1,000,000.000

a liability recorded at the book value a liability recorded at the book value

10.06.2013 26.02.2014

has maturity period has maturity period

23.05.2023 26.02.2024

yes yes

The initial date for possible exercise of the early

redemption right is May 23, 2018;

Additional possibility of early repayment of an

instrument in full (but not partially) upon the

consent of the Central Bank of the Russian

Federation related to changes in the tax law or the





redemption right is February 26, 2019;

Additional possibility of early repayment of an

instrument in full (but not partially) upon the

consent of the Central Bank of the Russian

Federation related to changes in the tax law or the




starting from May 23, 2018, exercise of the early

redemption right is possible on a daily basis

starting from February 26, 2019, exercise of the

early redemption right is possible on a daily basis

fixed rate fixed rate

0,05 0,06

yes yes



participant)



participant)

no no

noncumulative noncumulative

nonconvertible nonconvertible







yes yes

If the core capital ratio of Sberbank is reduced by

2% as of the reporting date, or the Deposit Insurance

Agency implements measures to prevent the

bankruptcy of Sberbank of Russia in accordance

with the Federal Law "On Additional Measures to

Increase the Stability of the Banking System until

December 31, 2014," dated October 27, 2008 (with

the subsequent amendments and supplements)

If the core capital ratio of Sberbank is reduced by

2% as of the reporting date, or Sberbank has

received a notification from the Deposit Insurance

Agency regarding a decision to approve an action

plan for bankruptcy prevention in respect to

Sberbank in accordance with the Federal Law "On

Insolvency (Bankruptcy) of Credit Institutions"

partially or in full partially or in full

permanent permanent



yes yes



1 2


instrument issuer











7 Instrument type









15




(repayment) amount





18 Rate




21




22 Payment type




26 Conversion rate







losses






36







11

Pension Savings MC LLC

40701481V

643

Russia

additional capital

additional capital

on an individual basis

subordinated bond loan

18 500 000,00

RUB 1.000

a liability recorded at the book value

14.12.2015

has maturity period

14.02.2025

no


redemption right is December 14, 2020;

Additional possibility of early repayment of the

instrument in full upon the consent of the Central

Bank of the Russian Federation related to changes in

the requirements of the authorized supervisory body



starting from February 14, 2020, exercise of the

early redemption right upon the consent of the Bank

of Russia is possible on a daily basis

fixed rate

0,12

no



participant)

no

noncumulative

nonconvertible

not applicable

not applicable

not applicable

not applicable

not applicable

not applicable

yes

The value of the Bank’s capital adequacy ratio

calculated by the issuing credit institution in

accordance with Bank of Russia Instruction No. 139-

I of December 3, 2012 "On Statutory Ratios for

Banks" (the "Bank of Russia Instruction No. 139-I")

has dropped below 2 percent for a total of six or

more operating days during any 30 successive

operating days, or the Committee on Banking

Supervision of the Bank of Russia has approved a

plan of involvement of the Deposit Insurance

Agency in measures to prevent the bankruptcy of the

Bank under which the Deposit Insurance Agency

would provide financial assistance in accordance

with the Federal Law "On Insolvency (Bankruptcy)"

partially or in full

permanent

not applicable

not applicable

yes

not applicable

Explanatory Information on the Interim Accounting (Financial)

Statements of Sberbank for the first quarter of 2017

19

Contents1

1. General Information .................................................................................................................. 21

2. Sberbank Banking Group ........................................................................................................... 21

3. Brief Description of Activities of the Bank .................................................................................. 22

3.1. (3.2.) Key Performance Indicators for the first quarter of 2017 ................................................................................... 22

4. Overview of the Basics of Preparing Interim Statements and Main Provisions of the Bank's Accounting Policy ...................................................................................................................... 23

4.1. (4.1.) Principles and Methods of Valuation and Accounting of Material Operations and Events ................................. 23

4.2. (4.7.) Changes in the Accounting Policy. ....................................................................................................................... 23

5. Accompanying Information to the Balance Sheet ....................................................................... 24

5.1. (5.1.) Cash and Cash Equivalents .................................................................................................................................. 24

5.2. (5.2.) Financial Assets Carried at Fair Value through Profit or Loss .............................................................................. 24

5.3. (5.3.) Net loan debts ..................................................................................................................................................... 25

5.4. (5.4.) Financial Investments in Securities Available for Sale ......................................................................................... 27

5.5. (5.5.) Financial Investments in Subsidiaries, Affiliates and Jointly Controlled Entities ................................................. 28

5.6. (5.6.) Net Investments in Securities Held to Maturity .................................................................................................. 29

5.7. (5.9.) Funds of Credit Institutions ................................................................................................................................. 29

5.8. (5.10.) Funds from Customers Other Than Credit Institutions ..................................................................................... 30

5.9. (5.11.) Debt Liabilities in Issue ...................................................................................................................................... 31

5.10. (-) Information on transactions with non-resident counterparties .............................................................................. 31

6. Accompanying Information to the Income Statement ................................................................. 32

6.1. (6.1.) Interest Yield by Types of Assets ......................................................................................................................... 32

6.2. (6.2.) Interest Expenses by Types of Funds Raised ....................................................................................................... 32

6.3. (6.4) Net income from revaluation of foreign currency ................................................................................................ 32

6.4. (6.3.) Fee and Commission Income and Expenses ........................................................................................................ 33

6.5. (6.5.) Operating Expenses ............................................................................................................................................. 33

8. Accompanying information to the Statement on Capital Adequacy for Coverage of Risks and on Provisions for Possible Losses on Loans and Other Assets ...................................................... 34

8.1. (8.1.) Equity (Capital) Structure .................................................................................................................................... 34

8.2. (8.2.) Reconciliation of Regulatory Capital with the Balance Sheet as of April 1, 2017 ................................................ 34

8.3. (8.4.) Information about Risk-Weighted Assets ............................................................................................................ 35

8.4. (8.5.) Information on Capital Adequacy Ratios ............................................................................................................. 36

8.5. (8.6.) Earnings per Share and Dividends ....................................................................................................................... 37

8.6. (8.7.) Leverage Ratio ..................................................................................................................................................... 38

9. Information on the Risks Assumed by the Credit Institution and the Procedures for Their Assessment and Management ................................................................................................... 39

9.1. (9.2.) Credit Risk ........................................................................................................................................................... 39

9.2. (9.3.) Assignment of Receivables to Mortgage Agents and Specialized Companies ..................................................... 45

9.3. (9.4.) Liquidity Risk........................................................................................................................................................ 45

9.4. (9.5.) Country Risk ........................................................................................................................................................ 49

9.5. (9.6.) Market risks ......................................................................................................................................................... 50

9.6. (9.7.) Assets and Liabilities Broken Down by Currencies .............................................................................................. 56

9.7. (9.13.) Operational Risk ................................................................................................................................................ 58

9.8. (9.17.) Risk of Investment in Equity Securities not Included in the Trading Portfolio .................................................. 58

1 The numbering of sections according to the Explanatory Information of Sberbank for the last reporting year is given in

brackets. Section 7 "Accompanying Information to the Statement of Cash Flows" is not included in the interim statements.

20

This Explanatory Information:

is an integral and inseparable part of the interim financial statements of 2Sberbank

3 for the 1st quarter of 2017,

beginning on January 1, 2017 and ending on March 31, 2017 (inclusive), prepared in accordance with the current legislation of the Russian Federation

4;

provides for the disclosure of material information on Sberbank’s operations that has not been presented as part of the forms of interim statements;

is based on statutory reporting forms5 as well as other forms of the Bank prepared under Russian Accounting

Standards6 and does not include information from the consolidated financial statements of Sberbank Banking

Group7;

does not take into account the events after the reporting date;

is presented in RUB millions, unless otherwise specified;

includes comparable figures for 2017 and 2016.

Sberbank's interim statements contain the following: Balance Sheet; Statement of Financial Performance; Statement of Capital Adequacy to Cover Risks, Provisions for Possible Loan Losses and Losses on Other Assets; Information on Statutory Ratios, the Leverage Ratio and the Short-Term Liquidity Ratio; Cash Flow Statement; and Explanatory Information.

The Explanatory Information is provided in the brief form and includes information on the events and transactions that are significant for the assessment by the user of changes in the financial position and in the results of Sberbank activity.

The interim statements are posted on the official website of Sberbank at www.sberbank.com.

2 Hereinafter referred to as the "Interim Statements"

3 Hereinafter referred to as Sberbank, the Bank

4 Bank of Russia Directive No. 3081-U dated October 25, 2013 "On Disclosures by Credit Institutions Related to Their Operations"

5 Bank of Russia Directive No. 4212-U dated November 24, 2016 "On the List, Forms, and Procedures for the Preparation and

Submission of Reporting Forms by Credit Institutions to the Central Bank of the Russian Federation" 6 Hereinafter referred to as RAS

7 Hereinafter referred to as the Group, Sberbank Group

http://www.sberbank.com/

21

1. General Information Full corporate name of the Bank: Sberbank of Russia Short corporate name of the Bank: Sberbank Registered address: 19 Vavilova St., Moscow, 117997 Russia.

2. Sberbank Banking Group

Number of participants of the Banking Group for the 1st quarter of 2017 increased by 4 participants and as of April 1, 2017, amounted to 251 companies.

as of April 1, 2017

as of January 1, 2017

Number of Banking Group members, including 251 247

Direct control 41 41

Indirect control 208 204

Indirect control and at the same time direct participation 2 2

The Bank is the parent credit organization of the Banking Group, which includes besides it the following members that significantly affect the financial indicators of the Group:

Company name

Share of control of the Group, %

Direct control by the Bank

1 Sberbank Leasing Joint-Stock Company 100.0000

2 Sberbank Capital Limited Liability Company 100.0000

3 Subsidiary Bank Sberbank of Russia Joint-Stock Company 99.9978

4 Sberbank of Russia 100.0000

5 Sberbank Investments Limited Liability Company 100.0000

6 Sberbank – Automated Trading System Closed Joint-Stock Company 100.0000

7 BPS-Sberbank Open Joint-Stock Company (group of companies)* 98.4267

8 Bylinnye Bogatyri Limited Liability Company 100.0000

9 Sberbank Europe AG (group of companies)* 100.0000

10 Sberbank Financial Company Limited Liability Company 100.0000

11 Cetelem Bank Limited Liability Company 79.2000

12 Denizbank Anonim Sirketi (group of companies)* 99.8526

13 Sberbank Private Pension Fund Joint-Stock Company 100.0000

14 Insurance Company Sberbank Life Insurance Limited Liability Company 100.0000

15 Promising Investments Limited Liability Company 100.0000

Indirect control by the Bank

1 SIB Financial Broker Limited Liability Company 100.0000

2 3

SBGB CYPRUS LIMITED Sberbank CIB Joint-Stock Company

100.0000 100.0000

* Companies that submit reports by subgroups (in aggregate, the subgroups have 40 companies, including parent companies).

The remaining 196 companies have a minimal impact on the Bank's financial indicators or are not indicated in Clause 1.2 of Bank of Russia Regulation No. 509-P dated December 3, 2015 "On Calculation of the Amount of Equity (Capital), Required Ratios, and Amounts (Limits) of Open Foreign Exchange Positions of Banking Groups."

22

3. Brief Description of Activities of the Bank 3.1. (3.2.) Key Performance Indicators for the first quarter of 2017

The first quarter of the year 2017 was completed by Sberbank with the following economic figures8:

RUB mln for the first quarter

of 2017 for 2016

Assets 21,188,251 21,721,078

as of April 1,

2017 as of January 1,

2017

Capital9 3,326,985 3,124,381

for the first quarter of

2017


2016

Profit before taxes 214,648 114,890

Profit after taxes 154,989 100,444

The Bank assets in the first quarter of 2017 decreased by RUB 532,827 mln mainly due to a reduction in net loan receivables and cash funds.

As of April 1, 2017, the capital increased by RUB 202,604 million compared with January 1, 2017.

Net profit earned is the key factor of the capital growth.

The capital dynamics were also influenced by the Bank's gradual transition to Basel III requirements. The transition to the new requirements for accounting for investments in financial stocks, accounting for revaluation of securities, and accounting for granted subordinated loans shall be carried out gradually over a period of 5 years in accordance with the requirements of the Bank of Russia starting from 2014. These factors affect the capital in various ways.

Ratings assigned to Sberbank by international agencies:

as of April 1, 2017


Fitch Ratings Moody’s Fitch Ratings Moody’s

Long-term foreign currency rating:

Sberbank BBB- Ba2 BBB- Ba2

Russia BBB- Ba1 BBB- Ba1

Rating of international obligations

Loan participation notes issued as part of

Sberbank's MTN program BBB- Ba1 BBB- Ba1

Eurobonds of Russia BBB- Ba1 BBB- Ba1

8 Here and elsewhere, the figures provided in the tables may differ from calculation data as a result of rounding

9 Capital is calculated in accordance with Bank of Russia Regulation No. 395-P dated December 28, 2012 "On Methods for Defining

the Value of the Equity (Capital) of Credit Organizations (Basel III), in effect as of the corresponding reporting date" ("Regulation No. 395-P")

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23

4. Overview of the Basics of Preparing Interim Statements and Main Provisions of the Bank's Accounting Policy

4.1. (4.1.) Principles and Methods of Valuation and Accounting of Material Operations and Events

The accounting at the Bank in the 1st quarter of 2017 was performed in accordance with effective Russian legislation, Regulation of the Bank of Russia No. 385-P

10, and other normative acts of the Bank of Russia that regulate

the Bank's activity.

4.2. (4.7.) Changes in the Accounting Policy.

For the purpose of accounting, the Accounting Policies for 2017 were amended as follows:

Amendments introduced in Regulation No. 385-P by Bank of Russia Directive No. 4065-U of July, 8, 2016, dealing mainly with the organization of accounting, have been considered.

Amendments have been introduced concerning the transition of Sberbank to a unified balance sheet; starting January 1, 2017, Sberbank will generate a unified balance sheet and a unified trial balance sheet for the operations of its headquarters and branches located in Russia. A separate balance sheet and trial balance sheet will be prepared for the operations of the branch in India.

In respect to income/expenses, it has been clarified that when reclassifying loans and other assets, including claims, from quality category I–III to IV and V, a commission fee classified as interest income shall be accrued on the reclassification date for the period from the date of the last payment/accounting to the reclassification date (inclusive) and shall be reflected in the correspondence with the accounts of claims under other operations. In the event of reclassification of loans and other assets to quality categories I–III, the fee and commission income due shall be recognized in the accounting books in accordance with Bank of Russia Regulation No. 446-P.

In respect to property, the procedure for assessment and writing-off as expenses has been updated for certain categories of inventory.

Starting February 1, 2017, the fee for early repayment of loans granted (received) shall be accounted in interest income (expenses).

10

Bank of Russia Regulation No. 385-P dated July 16, 2012 "On the Rules of Accounting by Credit Institutions Located within Russia" ("Regulation No. 385-P")

24

5. Accompanying Information to the Balance Sheet 5.1. (5.1.) Cash and Cash Equivalents

RUB mln


2017 for 2016

Cash 398,226 614,849

Funds of credit institutions held with the Central Bank of Russian Federation 721,128 967,162 Obligatory reserves (152,078) (154,714) Funds on correspondent accounts with credit institutions of Russia 24,296 8,699 Funds on correspondent accounts with foreign banks 283,653 339,244

Cash and cash equivalents 1,275,225 1,775,601

Less funds in credit institutions with risk of loss (6) (93)

Cash and cash equivalents net of funds in credit institutions with risk of loss 1,275,219 1,775,601

5.2. (5.2.) Financial Assets Carried at Fair Value through Profit or Loss

The tables below present the structure of financial assets carried at fair value through profit or loss broken down by types of financial assets:

RUB mln for the first quarter of

2017 for 2016

Derivative financial instruments 97,462 111,142 Debt securities 27,830 30,201

Financial assets carried at fair value through profit or loss 125,292 141,343


RUB mln Investments Maturity period Coupon rate

(nominal), %

Corporate bonds 17,139

Russian entities 15,925 October 2017 –

September 2032 3.91–12.40

Foreign companies 1,214 May 2018 –

February 2022 5.13–6.87

Bonds and Eurobonds of banks and other financial organizations 10,672

Russian credit institutions 10,672 May 2017 – January

2032 4.96–13.50

Bonds of subjects of Russia 19 November 2017 –

September 2019 8.60–10.20

Investments in debt liabilities carried at their fair value through profit or loss

27,830

including those transferred without derecognition under sale and repurchase agreements:

174 July 2018 –

September 2019 4.22–5.10

for 2016

RUB mln Investments Maturity period Coupon rate

(nominal), %

Bonds and Eurobonds of banks and other financial organizations 18,718

Russian credit institutions 18,718 February 2017 –

July 2031 4.95–13.50


Russian entities 11,440 February 2017 – September 2032

4.22–13.00

Bonds of subjects of Russia 43 May 2017 –

December 2021 8.60–9.25

Investments in debt liabilities carried at their fair value through profit or loss

30,201

including those transferred without derecognition under sale and repurchase agreements:

193 October 2019 –

May 2023 5.25

25

5.3. (5.3.) Net loan debts

Net loan debt includes loans extended to credit institutions, other legal entities, and individuals and other debt that is classed as an equivalent of loan debt. The Bank mainly grants loans to residents of Russia and to nonresidents operating within Russia:

RUB mln


2017 specific

weight, % for 2016 specific

weight, %

Corporate loans receivable and their equivalent 10,890,704 63.4 11,327,452 65.6 Retail loans receivable and their equivalent 4,371,603 25.5 4,337,385 25.1 Interbank loans and other loans receivable from banks 1,899,509 11.1 1,595,506 9.3

Loan debts before provisions for possible losses 17,161,815 100.0 17,260,343 100.0 Provisions for possible losses (1,055,318) (1,038,721)

Net loans receivable 16,106,497 16,221,622

The table below shows the analysis of loans (without taking into account loans to banks) broken down by types of economic activity:

RUB mln


2017

specific weight, %

for 2016

specific weight, %

Individuals 4,371,603 28.6 4,337,385 27.7 Oil and gas industry 1,332,878 8.7 1,329,020 8.5 Metallurgy 1,307,393 8.6 1,460,415 9.3 Operations with real estate 1,300,108 8.5 1,356,697 8.7 Trade 916,317 6.0 939,528 6.0 Food industry and agriculture 804,723 5.3 812,724 5.2 Mechanical engineering 760,821 5.0 762,938 4.9 Telecommunications 755,629 5.0 711,857 4.5 Energy 704,159 4.6 736,505 4.7 State and municipal agencies of Russia 660,038 4.3 780,940 5.0 Services 596,976 3.9 640,940 4.1 Construction 527,099 3.5 535,318 3.4 Chemical industry 461,854 3.0 500,849 3.2 Transport, aviation, and space industry 291,684 1.9 280,267 1.8 Woodworking industry 63,057 0.4 63,503 0.4 Other 408,020 2.7 415,951 2.6

Loans to individuals and legal entities before provisions for possible losses

15,262,307 100.0 15,664,837 100.0

The table below provides an analysis of corporate loans (excluding loans to banks) by lending purposes:

26

RUB mln


2017 specific


weight, %

Financing of operating activities 7,706,132 70.8 8,043,372 71.0 Investment lending and project financing 3,146,797 28.9 3,263,797 28.8 Lending as part of reverse REPO transactions 30,504 0.2 12,708 0.1 Claims for debts incurred as a result of the Bank's execution of cession agreements with deferred payment

7,271 0.1 7,575 0.1

Corporate loans before provisions for possible losses 10,890,704 100.0 11,327,452 100.0

The table below provides the analysis of retail loans by lending purposes:

RUB mln


2017 specific


weight, %

Mortgage loans 2,428,358 55.5 2,392,387 55.2 Consumer loans 1,933,739 44.3 1,932,684 44.5

Car loans 9,864 0.2 12,314 0.3

Loans to individuals before provisions for possible losses 4,371,603 100.0 4,337,385 100.0

Section 9 provides the detailed analysis of net loans receivable by quality categories, currencies, terms, and country affiliation.

27

5.4. (5.4.) Financial Investments in Securities Available for Sale

Structure of net investments in securities and other financial assets available for sale:


2017 for 2016

Russian Government Bonds 1,063,442 1,047,071 Corporate bonds 330,878 364,018 Bonds and Eurobonds of banks and other financial organizations 115,257 100,483 Shares 33,073 43,813 Provision (33) (33) Bonds of subjects of Russia 22,377 21,954 Eurobonds issued by foreign governments 857 373 Operations of other equity participation 469 28

Net investment in securities and other financial assets available for sale, excluding investment in subsidiaries and affiliates

1,566,320 1,577,707

Investments in subsidiaries and affiliates 741,850 724,231 Provision (41,031) (32,325)

Net investments in securities and other financial assets available for sale 2,267,139 2,269,613


RUB mln Amount of investments Maturity period Coupon rate

(nominal), %

Russian Government Bonds 1,063,442 Federal Loan Bonds (OFZ) 839,777 June 2017 – February 2036 2.01–11.90 Eurobonds of Russia 223,665 April 2017 – June 2028 3.25–12.75


Russian entities 327,478 June 2017 – December

2049 3.04–12.40

Foreign companies 3,399 September 2020 –

November 2025 9.35–11.90

Bonds and Eurobonds of banks and other financial organizations

115,257

Russian credit institutions 87,132 May 2017 – January 2032 3.35–11.95 Foreign credit institutions 28,125 May 2017 – June 2017 1.41–1.45

Bonds of subjects of Russia 22,377 June 2017 – June 2022 7.00–11.40

Eurobonds issued by foreign governments 857 June 2017 – December

2019 4.51–5.42

Debt securities available for sale 1,532,810 including those transferred without derecognition under sale and repurchase agreements:

35,040 June 2017 – June 2028 3.42–12.75

for 2016

RUB mln Amount of investments Maturity period Coupon rate

(nominal), %

Russian Government Bonds 1,047,071 Federal Loan Bonds (OFZ) 803,763 June 2017 – February 2036 2.01–11.90 Eurobonds of Russia 243,308 April 2017 – June 2028 3.25–12.75


Russian entities 361,226 February 2017 – December

2049 3.04–12.40

Foreign companies 2,792 September 2020 –

November 2025 9.50–11.90

Bonds and Eurobonds of banks and other financial organizations

100,483

Russian credit institutions 100,483 February 2017 – July 2031 3.35–12.40 Bonds of subjects of Russia 21,954 June 2017 – June 2022 7.00–11.40

Eurobonds issued by foreign governments 373 September 2020 –

November 2025 9.50–11.90

Debt securities available for sale 1,533,899 including those transferred without derecognition under sale and repurchase agreements:

26,123 April 2017 – June 2028 3.25–12.75

28

5.5. (5.5.) Financial Investments in Subsidiaries, Affiliates and Jointly Controlled Entities

for the first quarter of 2017 for 2016

RUB mln Amount of

investments

Share of the Bank in

capital, %

Amount of investments

Share of the Bank in

capital, %

Bylinnye Bogatyri LLC 157,538 100.0 157,538 100.0 Provision (2,576) (2,318) Denizbank Anonim Sirketi 148,202 99.9 148,202 99.9 Sberbank Europe AG 111,630 100.0 111,630 100.0 Auction LLC 70,534 100.0 67,311 100.0 Promising Investments LLC 66,902 100.0 53,000 100.0 Provision (14,049) (11,130) Sberbank Capital LLC 57,459 100.0 57,459 100.0 Sberbank 43,584 100.0 43,584 100.0 Provision (23,492) (17,969) SB of Sberbank JSC 13,917 100.0 13,917 100.0 Sberbank Investments LLC 12,356 100.0 12,356 100.0 Cetelem Bank LLC 11,671 79.2 11,671 79.2 BPS-Sberbank OJSC 10,475 98.4 10,475 98.4 Digital Technologies LLC 8,960 100.0 8,960 100.0 Universal Electronic Card JSC 5,236 96.1 5,236 96.1 Provision (105) (105) Rublyovo-Arkhangelskoye JSC 3,006 4.8 3,006 4.8 Provision (631) (631) Insurance Company Sberbank Insurance LLC 2,170 100.0 2,170 100.0 PS Yandex.Money LLC 1,964 75.0 1,964 75.0 Sberbank Technologies JSC 1,100 100.0 1,100 100.0 IC Sberbank Life Insurance LLC 1,031 100.0 1,031 100.0 Sberbank Private Pension Fund JSC 920 100.0 920 100.0 Delovaya Sreda JSC 840 100.0 796 100.0 Korus Consulting CIS LLC 700 100.0 510 100.0 Sberbank Factoring LLC 524 100.0 524 100.0 Provision (11) (5) Sberbank Real Estate Center LLC 485 100.0 225 100.0 Sberbank AST CJSC 445 100.0 445 100.0 RuTarget LLC 427 100.0 427 100.0 Sovremennye Tekhnologii LLC 361 100.0 361 100.0 Loyalty Programs Center JSC 300 100.0 300 100.0 Sberbank Financial Company LLC 250 100.0 250 100.0 Specialized Depositary of Sberbank LLC 200 100.0 200 100.0 Strategy Partners Group CJSC 93 74.8 93 74.8 Provision (93) (93) 3D CJSC 90 100.0 90 100.0 SB Securities S.A. 87 100.0 87 100.0 Sberbank-Service LLC 80 100.0 80 100.0 Provision (2) (2) Sberbank Leasing JSC 23 100.0 23 100.0 ActiveBusinessCollection LLC 16 100.0 16 100.0 Total subsidiaries 692,617 683,704

TRANSPORT AMD-2 Limited 8,140 20.0 8,140 20.0 Sotsialnyye Garantii OJSC 72 49.9 72 49.9 Provision (72) (72) Status Registrar Company JSC 2 20.0 2 20.0 Total dependent entities 8,142 8,142

United Credit Bureau CJSC 60 50.0 60 50.0 Total jointly controlled entities 60 60

Investments in Subsidiaries, Affiliates and Jointly Controlled Entities

700,819 691,906

29

5.6. (5.6.) Net Investments in Securities Held to Maturity

Structure of net investments in securities held to maturity:

RUB mln for the first

quarter of 2017 for 2016

Corporate bonds 212,598 204,697 Provision (1,825) (1,877) Russian Government Bonds 174,998 176,336 Bonds of subjects of Russia 49,082 48,985 Eurobonds issued by foreign governments 29,350 30,911 Provision (2,935) (3,091)

Net investments in securities held to maturity 461,268 455,961


RUB mln Investments Maturity

period Coupon rate

(nominal), %

Coupon yield from the beginning of

the year

Corporate bonds 210,773 3,382

Russian entities 194,502 November 2017 –

December 2046 2.73–13.10

3,043


September 2023 6.38–10.25 339

Russian Government Bonds 174,998 2,786

Federal Loan Bonds (OFZ) 151,535 April 2017 – January

2019 5.00–7.50 2,510

Eurobonds of Russia 23,463 July 2018 – June

2028 11.00–12.75

276

Bonds of subjects of Russia 49,082 May 2017 –

November 2024 7.95–13.06

1,157

Eurobonds issued by foreign governments 26,415 October 2017 – December 2019

4.51–5.42 358

Debt securities held to maturity 461,268 7,683 including those transferred without derecognition under sale and repurchase agreements:

1,380 October 2022 –

November 2023 3.13–6.63 21

for 2016

RUB mln Investments Maturity

period Coupon rate

(nominal), %

Coupon yield from the beginning of

the year

Corporate bonds 202,820 12,889

Russian entities 185,865 December 2016 –

December 2046 2.73–13.10

11,557


September 2023 6.38–10.25 1,332

Russian Government Bonds 176,336 11,454

Federal Loan Bonds (OFZ) 151,053 April 2017 – January

2019 5.00–7.50 10,142

Eurobonds of Russia 25,283 July 2018 – June

2028 11.00–12.75

1,312

Bonds of subjects of Russia 48,985 May 2017 –

November 2024 7.95–13.06

1,923

Eurobonds issued by foreign governments 27,820 October 2017 – December 2019

4.51–5.42 132

Debt securities held to maturity 455,961 26,398 including those transferred without derecognition under sale and repurchase agreements:

2,735 April 2017 – October

2022 2.73–8.25 187

5.7. (5.9.) Funds of Credit Institutions


2017 for 2016

Loans and deposits received from banks 176,992 190,044

Correspondent accounts 132,819 157,614

Direct repo contracts with banks 25,418 16,842

Due to credit institutions 335,229 364,500

The cost of securities pledged as collateral under classic repo for the 1st quarter of 2017 amounted to RUB 27,678 million, and for 2016, RUB 17,902 million.

30

5.8. (5.10.) Funds from Customers Other Than Credit Institutions

RUB million

for the first quarter of 2017 for 2016

Individuals and individual entrepreneurs 10,832,078 10,937,747 fixed-term deposits 8,842,267 8,835,065 current accounts / demand accounts 1,989,811 2,102,682

Other corporate customers 5,280,617 5,829,520 current accounts / demand accounts 2,461,473 2,408,644 fixed-term deposits 2,268,711 2,660,914 International loans 550,433 759,962

Funds in precious metals and other funds 111,026 114,722 due to individuals 102,521 103,994 due to legal entities 8,505 10,728

Due to customers, other than credit institutions 16,223,721 16,881,989

The table below shows the analysis of customer deposits broken down by types of economic activity:


quarter of 2017

specific weight, %

for 2016

specific weight, %

Individuals11

10,734,838 66.2 10,841,667 64.2 Oil and gas industry 1,195,973 7.4 945,465 5.6 Mechanical engineering 715,890 4.4 492,965 2.9 Services 707,088 4.4 1,254,594 7.4 International loans 550,433 3.4 759,962 4.5 Trade 395,468 2.4 721,739 4.3 Metallurgy 259,911 1.6 211,585 1.3 Construction 207,609 1.3 283,771 1.7 Energy 207,603 1.3 125,000 0.7 Transport, aviation, and space industry 160,950 1.0 259,062 1.5 Telecommunications 157,155 1.0 90,529 0.6 Food industry and agriculture 150,797 0.9 138,589 0.8 State and municipal agencies of Russia 62,322 0.4 70,075 0.4 Chemical industry 46,430 0.3 120,691 0.7 Woodworking industry 22,044 0.1 51,908 0.3 Other 649,210 3.9 514,387 3.1

Due to customers, other than credit institutions 16,223,721 100.0 16,881,989 100.0

The table below shows the information on international loans:


quarter of 2017

for 2016

Loan participation notes issued as part of the MTN program: 550,433 759,962 Non-subordinated loans 324,921 517,334 Subordinated loans 225,512 242,628

International loans 550,433 759,962

11

The item "Individuals" includes funds of individual entrepreneurs without OKVED

31

5.9. (5.11.) Debt Liabilities in Issue


2017

RUB mln Book value

Maturity period

Interest rate (nominal), %

Savings certificates 459,613 on demand – March

2020 0.01–18.0

Promissory notes 79,846 on demand – January

2023 0.01–18.0

Other issued debt securities 60,456 June 2017 – January

2026 12.27

Certificates of deposit 98 on demand – October

2018 6.36–7.75

Debt liabilities in issue 600,013

for 2016

RUB mln Book value

Maturity period

Interest rate (nominal), %

Savings certificates 460,450 on demand – December

2019 0.1–18.0

Promissory notes 89,847 on demand – January

2023 0.1–18.0

Other issued debt securities 60,456 June 2017 – January

2026 12.27

Certificates of deposit 179 on demand – July 2018 6.44–7.78

Debt liabilities in issue 610,932

5.10. (-) Information on transactions with non-resident counterparties

thousand rubles


2017 for 2016

Funds on correspondent accounts with non-resident banks 283,653,280 339,244,239

Loans to non-resident counterparties, total, including: 2,193,303,459 2,072,337,194 - non-resident banks 758,660,662 448,771,242 - non-resident legal entities other than credit institutions 1,434,532,636 1,623,450,930 - non-resident individuals 110,162 115,022 Debt securities of non-resident issuers, total, including: 76,280,705 47,940,294 - having long-term creditworthiness rating 49,865,351 20,120,281 - not having long-term creditworthiness rating 26,415,354 27,820,013 Funds of non-residents, total, including: 251,013,228 286,924,396 - non-resident banks 114,833,201 134,677,102 - non-resident legal entities other than credit institutions 95,577,025 108,268,297 - non-resident individuals 40,603,002 43,978,997

32

6. Accompanying Information to the Income Statement 6.1. (6.1.) Interest Yield by Types of Assets


2017 for the first quarter of

2016

Interest income from loans to customers other than credit institutions 430,383 476,548

Loans to legal entities 259,214 308,210

Loans to individuals 162,229 159,347

Proceeds from sales of insurance products to individuals 5,746 5,233

Prior period income, fines, penalties, and other 3,194 3,758

Interest income from investments in securities 34,991 38,043

Securities available for sale 26,829 29,139

Securities held to maturity 7,688 7,761

Securities assessed through profit or loss 474 1,143

Interest income from funds deposited with credit institutions 28,417 13,477

Loans to banks 24,694 13,239

NOSTRO correspondent accounts 266 136

Funds in the Bank of Russia 3,457 102

Interest income 493,791 528,068

6.2. (6.2.) Interest Expenses by Types of Funds Raised



2016

Interest expenses on deposits from customers other than credit institutions

170,946 206,790

Term deposits of individuals 114,964 128,867

Term deposits of legal entities 29,055 47,863

Current accounts of legal entities 12,878 13,934

International loans 8,376 11,775

Demand accounts of individuals 4,633 3,861

Expenses of previous years, fines, and penalties 1,040 490

Interest expenses on deposits from credit institutions 12,563 21,404

Subordinated loans from the Bank of Russia 8,014 8,081

Deposits of the Bank of Russia 1,812 7,703

Term deposits of banks 2,290 4,686

LORO correspondent accounts 447 934

Interest expenses on debt securities in issue 10,591 14,256

Interest expenses 194,100 242,450

6.3. (6.4) Net income from revaluation of foreign currency

RUB mln for the first quarter


2016

Net income/(expense) from foreign currency revaluation, except for net income/(expense) from exchange rate differences on securities carried at fair value through profit or loss

(28,292) (3,421)

Net income/(expenses) from exchange rate differences on securities carried at fair value through profit or loss

(1,632) (5,203)

Net income from revaluation of foreign currency (29,924) (8,624)

33

6.4. (6.3.) Fee and Commission Income and Expenses



2016

Fee and commission income Bank card transactions 51,718 41,320 Settlement operations 13,556 12,880 Account management 3,582 1,993 Bank guarantees 3,283 3,450 Services under tariff plans 2,747 1,704 Cash collection transactions 2,310 2,363 Cash transactions 2,310 3,167 Budget funds service 1,279 1,197 Currency control 1,269 1,264 Trade funding and documentary operations 847 969 Foreign currency operations 594 844 Securities trading 465 299 Safe deposit box rental services 373 350 Agency and other services 143 470 Income under banking service agreements 83 1,844 Other 2,526 1,342

Fee and commission income 87,085 75,456

Fee and commission expenses

Bank card transactions 10,930 7,920 Settlement operations 379 308 Cash collection 47 57 Other 830 617

Fee and commission expenses 12,186 8,902

Net fee and commission income 74,899 66,554

6.5. (6.5.) Operating Expenses



2016

Staff costs 76,055 62,507

Administrative expenses 18,263 17,018

Depreciation and amortization 14,332 14,369

Contributions to the Mandatory Deposit Insurance Fund 13,059 10,073

Expenses from sales of own receivables 7,078 19,692

Other operating expenses 9,706 6,751

Operating expenses 138,493 130,410

34

8. Accompanying information to the Statement on Capital Adequacy for Coverage of Risks and on Provisions for Possible Losses on Loans and Other Assets

8.1. (8.1.) Equity (Capital) Structure

Information on equity (capital) in accordance with Regulation No. 395-P:

RUB mln as of April 1,


2017

Share capital (ordinary shares) 8,711 8,711 Share premium 228,054 228,054 Reserve fund 3,527 3,527 Profit for the year (audited) — 412,058 Profit for previous years (audited) 2,474,559 1,905,443

Intangible assets (50,764) (49,794) Investments in ordinary shares of subsidiary financial companies/banks (167,199) (239,276)

Core capital 2,496,888 2,268,723

Additional paid-in capital — —

Tier 1 capital 2,496,888 2,268,723

Increase in value of assets due to revaluation 44,780 65,597 Profit for the year (not audited) 154,471 126,523 Subordinated loan 663,985 679,089 Share capital (due to the revaluation of fixed assets) 59,000 59,000 Share capital (preference shares) 25 30

Provided subordinated loans (92,031) (74,575)

Investments in preferred shares (interests) of subsidiary financial companies / banks and others

(133) (6)

Additional capital 830,097 855,658

Equity (capital) 3,326,985 3,124,381

8.2. (8.2.) Reconciliation of Regulatory Capital with the Balance Sheet as of April 1, 2017

Item description Balance sheet form 0409806 Line No.

Statement of Capital

Adequacy Level Form 0409808 Line No.

Sources of core Tier 1 capital 2,744,099

2,714,852 6 Share capital, Share premium 295,815 24.26 236,765 1 ordinary shares —

236,765 1.1

Reserve fund (from previous years' profit) 3,527 27 3,527 3 Profit for the year (audited) — 34 — 2.2 Previous years' profits (audited) 2,444,757 33 2,474,559 2.1

Instruments reducing core capital (577,485)

(217,964) 28 Fixed assets, Intangible assets, including (463,428) 10 (41,769) 9 those which are subject to gradually exclusion —

(41,769)

Investments in common shares (interests) of financial institutions (114,057) 6 (91,246) 18.19 major investments —

(91,246) 19

Negative value of additional Tier 1 capital —

(84,949) 27

Sources of additional capital 16,758,719

922,261 51 Share capital (preference shares)

25 47

Share capital (due to the revaluation of fixed assets) 44,780 29 59,000 46 Profit for the year (not audited) 154,989 34 154,471 46 Due to credit institutions 335,229 15 — 46 Due to customers, other than credit institutions 16,223,721 16 —

Subordinated term loans —

663,985 46, 47 Increase in the value of the credit institution's assets due to revaluation —

44,780 46

Instruments reducing additional capital (16,875,722)

(92,164) 57 Investments in shares of financial institutions (8) 6 (6) 54, 55 major investments

(6) 55

Net investments in securities held to maturity (461,267) 7 — Credit claims, including:

—

Due from credit institutions (307,950) 3 — Net loans receivable (16,106,497) 5 —

35

Subordinated loans issued to financial institutions —

(92,031) 55, 56.1.3

major subordinated loans —

(92,031) 55, 56.1.3 Accounts receivable more than 30 days overdue —

(127) 56.1.2

Total core capital 2,049,612

2,496,888 Total additional capital

830,097

Equity (capital), total

3,326,985

The table below shows the movement of provisions for possible losses:

Name of asset (instrument)

Balance as of January 1,

2017

Expenses for creation (income from recovery) of

the provision Write-off from the

provision

Balance as of April 1,

2017

Funds on correspondent accounts 96 (89) — 7

Loan debts and interest income accrued 1,059,922 30,493 (10,737) 1,079,677

Investments in securities available for sale 33 — — 33

Investments in securities held to maturity 4,968 (208) — 4,760

Investments in subsidiaries and affiliates 32,325 8,706 — 41,031

Other 44,934 4,384 (1,294) 48,024

Credit contingencies 40,600 (1,921) — 38,679

Transactions with residents of offshore zones 1,546 296 — 1,842

Total

1,184,423

41,661

(12,031)

1,214,053

8.3. (8.4.) Information about Risk-Weighted Assets

Information about the risk-weighted assets for calculating the R1.0, R1.1, and R1.2 ratios as of April 1, 2017:

RUB mln R1.0 R1.1 R1.2

Credit Risk 19,846,528 19,813,786 19,813,786 Market risk 244,025 244,025 244,025 Operational risk 2,271,853 2,271,853 2,271,853

Total indicators for the calculation of ratios 22,362,406 22,329,664 22,329,664

Information on risk-weighted assets for calculating the R1.0, R1.1, and R1.2 ratios as of January 1, 2017:

RUB mln R1.0 R1.1 R1.2

Credit Risk 20,425,210 20,358,518 20,358,518 Market risk 204,966 204,966 204,966 Operational risk 2,271,853 2,271,853 2,271,853

Total indicators for the calculation of ratios 22,902,029 22,835,337 22,835,337

36

The risk-weighted assets are calculated in accordance with Bank of Russia Instruction No. 139-I12

, Bank of Russia Regulation No. 511-P "On the Procedure for the Calculation of Market Risk by Credit Institutions," and Bank of Russia Regulation No. 346-P "On the Procedure for Calculating Operational Risk." Risk-weighted assets are calculated using the approach provided for by Clause 2.3 of Instruction No. 139-I.

Following the results of the 1st quarter of 2017, the amount of risk-weighted assets decreased compared to the beginning of the year, which is mainly due to the decrease in the volume of the credit portfolio and the strengthening of the national currency.

8.4. (8.5.) Information on Capital Adequacy Ratios

Information on capital adequacy ratios11

:

as of April 1, 2017

as of January 1,

2017

% Statutory value Actual value Actual value

Core capital adequacy ratio (R1.1) 4.5 11.2 9.9

Tier 1 capital adequacy ratio (R1.2) 6.0 11.2 9.9

Total capital adequacy ratio (R1.0) 8.0 14.9 13.6

In accordance with the Bank’s policy for managing the capital adequacy of the Bank and the Banking Group, the aim of capital adequacy management is to ensure the ability of the Bank and the Group to achieve the targets of strategic asset growth in strict compliance with capital adequacy requirements.

The following instruments are used to manage capital and its structure and adequacy to comply with capital adequacy ratios at the level of the Bank and the Group:

forecasting of capital adequacy ratio, volume and target capital structure taking into account the phase of the business cycle;

business planning and the plan for capital adequacy management, elaboration of measures to improve capital adequacy;

evaluation of the availability of capital-related instruments;

system of early warning indicators of capital adequacy decline;

system of limits for capital adequacy ratios;

stress testing of capital adequacy;

contingency plan for capital adequacy management;

regular reporting.

Forecasting of capital adequacy ratios is the primary method for preventive identification of capital adequacy violations and the basis for timely management decisions. Forecasting of capital adequacy ratios, capital volume, and target structure is performed at the horizon specified in the development strategy of the Bank, which is 3 years. Forecasting of capital adequacy ratios makes it possible to monitor the necessary capital volume to cover all major risks.

Forecasting takes into account the business cycle phase, weekly monitoring of macroeconomic indicators is conducted and possible scenarios of the counter-cyclical premium of the Bank of Russia are considered. Apart from the aforesaid procedures, the Bank uses forecasting of the available financial resources (AFR), that is, internal metrics of the amount of funds available in the Bank to cover potential losses from the materialization of risks.

The calculation of target capital adequacy ratios is an integral part of setting the target business development indicators in the process of business planning and strategic planning. Compliance with the standards on capital adequacy limits at the planning horizon is mandatory. A capital adequacy management plan is developed annually based on the business plan, including a list of capital management activities, target values of dividends, and subsidiary capitalization.

12

Bank of Russia Instruction No. 139-I dated December 3, 2012 "On Required Ratios of Banks" ("Instruction No. 139-I")

37

The Bank implements two-stage assessment of the availability of additional sources of capital. The first stage includes weekly analysis of the demand for the existing subordinated instruments of the Bank in the secondary market. Should there be a demand for additional sources of capital, the second stage shall include detailed assessment in the form of negotiations with potential investors, as recorded in the internal documents of the Bank.

There is a system of early warning indicators used for timely identification of potential violations. The early warning indicators and threshold values have been developed with regard to the specifics of the local market.

Risk exposure of the Bank is subject to annual assessment based on the Risk Appetite (RA) limits updated annually. To maintain an additional capital reserve, the Bank uses internal limits of the Treasury Office for the purpose of capital adequacy, which allows the Bank to be more stable in stress conditions.

Quarterly general banking stress testing and weekly reverse stress testing of capital adequacy ratios are performed to analyze capital adequacy subject to the implementation of potential crisis scenarios.

Capital adequacy ratios are used to determine interest rates within the indicator of net capital costs (NCC).

The weekly capital reporting reflects the forecast of all regulatory compliance ratios as well as internal metrics of capital adequacy on the horizon for at least one year, the general status of capital adequacy with the identification of potentially problematic ratios, the analysis of the impact on the adequacy ratios of the proposed measures to improve capital adequacy and possible risks for capital adequacy ratios on the horizon of 1 year.

For capital management, regularly updated internal capital adequacy forecast models are used, including the forecast of the volume, structure and level of capital adequacy and risk-weighted assets. Work is actively being carried out to include capital adequacy ratios in the industrial environment for calculating the Bank's indicators-the dynamic balance.

8.5. (8.6.) Earnings per Share and Dividends

Diluted and basic earnings per share are calculated in accordance with the methodology of IFRS 33 "Earnings per share."

13

As of April 1, 2017, the Bank has no shares that might potentially dilute the earnings per ordinary share of the Bank. Accordingly, the diluted earnings per share equal the basic earnings per share.

The basic earnings per share are calculated by dividing the net profit owned by the Bank’s shareholders by the average weighted number of ordinary shares outstanding during the period less own shares repurchased from shareholders.



2016

Net profit of the Bank owned by shareholders, RUB million 154,989 100,444

Net profit of the Bank owned by shareholders holding ordinary shares, RUB million 154,989 100,444

The weighted average number of the Bank's common shares outstanding during said period, millions of shares

21,587 21,587

Basic and diluted earnings per share, rubles per share

7.2 4.7

13

Bank of Russia Letter No. 129-T dated October 26, 2009 "On the Methodological Recommendations On the Procedure for Credit Institutions to Calculate Earnings per Share When Preparing Their Financial Statements in Accordance with International Financial Reporting Standards"

38

Information on dividends paid out:

RUB mln Ordinary shares

Preferred shares

Dividends payable as of January 1, 2017 325 87 Dividends paid out during 3 months of 2017 (5) (1) Dividends payable as of April 1, 2017 320 86

RUB mln Ordinary shares

Preferred shares

Dividends payable as of January 1, 2016 380 107 Dividends paid out within 3 months of 2016 (7) (1) Dividends payable as of April 1, 2016 373 106

All dividends are declared and paid out in Russian rubles.

8.6. (8.7.) Leverage Ratio

as of April 1, 2017


Tier 1 capital, RUB million 2,496,888 2,268,723

Amount of balance-sheet assets and off-balance-sheet claims at risk for calculating the leverage ratio, RUB million

22,544,311 23,057,993

Leverage ratio under Basel III, % 11.1 9.8

In the first quarter of 2017, the leverage ratio grew 1.3 percentage points mainly due to fixed capital growth following an increase in retained profits in previous years.

As of April 1, 2017, the amount of book assets used to calculate the financial leverage ratio totals RUB 22,544,311 million. This indicator is RUB 1,356,060 million greater than the value of assets determined in accordance with the balance sheet, as the amount of book assets is increased by estimated non-credit liabilities and credit risk under operations with financial derivatives.

39

9. Information on the Risks Assumed by the Credit Institution and the Procedures for Their Assessment and Management Since Sberbank is the parent company of the Banking Group where risk management is mostly carried out on

the Group level, some information on risk management is presented in relation to the Group.

9.1. (9.2.) Credit Risk

Classification of assets assessed for the creation of provisions by quality categories as of April 1, 201714

Quality categories

RUB mln I II III IV V Total

Assets for which a provision for possible losses is created

Assets assessed for the creation of provisions for possible loan losses

8,044,518 7,227,269 868,736 365,695 655,597 17,161,815

Loans to banks 1,797,797 29,615 7,271 62,852 1,973 1,899,509 Loans to legal entities 6,245,644 3,216,336 696,195 283,422 449,106 10,890,704 Loans to individuals 1,077 3,981,318 165,270 19,421 204,518 4,371,603

Investments in securities assessed for the creation of provisions for possible losses

433,137 29,805 65 — 1,816 464,823

Securities available for sale 111 — 65 — — 176 securities held to maturity 433,026 29,805 — — 1,816 464,647

Other assets assessed for the creation of provisions for possible losses

876,525 185,532 113,945 38,529 56,588 1,271,120

Other receivables from credit institutions 648,443 367 45 33,584 930 683,369 Other receivables from legal entities 228,014 157,295 103,825 4,497 28,411 522,042 Other receivables from individuals 68 27,870 10,075 448 27,247 65,709

Non-core assets — 11,387 3,903 910 — 16,200


9,354,181 7,453,993 986,649 405,135 714,001 18,913,958

Provision for possible losses

Provisions for possible losses from loans 40 110,613 179,752 169,097 595,816 1,055,318

Loans to banks — 406 1,527 41,876 1,973 45,781 Loans to legal entities 40 68,368 168,366 120,649 400,655 758,078 Loans to individuals — 41,839 9,859 6,573 193,188 251,459

Provisions for possible losses from securities — 2,944 32 — 1,816 4,793

Other provisions for possible losses — 3,863 23,985 26,103 56,030 109,981

Other receivables from credit institutions — 22 11 23,504 930 24,467 Other receivables from legal entities — 3,481 23,393 2,435 28,444 57,754 Other receivables from individuals — 359 581 164 26,656 27,760

Non-core assets — 1,188 1,569 683 — 3,440

Provisions for possible losses 40 118,607 205,339 195,883 653,663 1,173,532

14

Based on the reporting form 0409115 "Information on the Credit Institution's Asset Quality"

40

Classification of assets assessed for the creation of provisions by quality categories as of January 1, 2017

Quality categories

RUB mln I II III IV V Total


Assets assessed for the creation of provisions for possible loan losses

7,998,234 7,322,822 985,028 311,373 642,886 17,260,343

Loans to banks 1,485,452 32,194 7,352 70,508 — 1,595,506

Loans to legal entities 6,511,563 3,332,110 814,472 222,171 447,136 11,327,452

Loans to individuals 1,219 3,958,518 163,204 18,694 195,750 4,337,385

Investments in securities assessed for the creation of provisions for possible losses

419,614 37,473 65 — 1,808 458,960

securities available for sale 701 — 65 — — 766

securities held to maturity 418,913 37,473 — — 1,808 458,194

Other assets assessed for the creation of provisions for possible losses

937,647 171,438 102,722 29,906 53,637 1,295,350

Other receivables from credit institutions 702,699 260 15 25,886 901 729,761

Other receivables from legal entities 234,887 143,882 92,100 3,614 27,251 501,734

Other receivables from individuals 61 27,296 10,607 406 25,485 63,855

Non-core assets — 7,746 2,281 696 — 10,723


9,355,495 7,539,479 1,090,096 341,975 698,331 19,025,376

Provision for possible losses

Provisions for possible losses from loans 45 114,821 196,581 146,004 581,270 1,038,721

Loans to banks — 554 3,564 46,743 — 50,861

Loans to legal entities 45 72,702 183,334 93,083 395,895 745,059

Loans to individuals — 41,565 9,683 6,178 185,375 242,801

Provisions for possible losses from securities — 3,161 32 — 1,808 5,001

Other provisions for possible losses — 3,385 20,135 19,653 52,964 96,137

Other receivables from credit institutions — 5 4 18,079 901 18,989

Other receivables from legal entities — 3,032 19,524 1,433 27,151 51,140

Other receivables from individuals — 348 607 141 24,912 26,008

Non-core assets — 1,032 864 522 — 2,418

Provisions for possible losses 45 122,399 217,612 166,179 636,042 1,142,277

A liability shall be considered depreciated if the loan loses its value because of a borrower's failure to fulfill or properly fulfill their loan obligations to the Bank or in the event of a real threat of failure to fulfill (improper fulfillment).

As of April 1, 2017, the fair value of the securities assessed for creating provisions for possible losses amounted to RUB 468,273 million (RUB 463,318 million as of January 1, 2017).

41

Information on classification of assets according to risk groups

Below are the risk-weighted assets used to calculate Sberbank's statutory ratios:



2017 Average for the first

quarter of 2017

Financial assets

Corporate loans receivable and their equivalent 10,368,505 11,348,133 10,858,319 Retail loans receivable and their equivalent 4,183,964 4,155,640 4,169,802 Investments in securities available for sale and held to maturity

1,129,900 1,213,622 1,171,761

Credit contingencies 1,282,328 1,222,056 1,252,192 Interbank loans and other loans receivable from banks

713,026 544,138 628,582

DFI total, including: 197,513 204,455 200,984 KRS 102,272 107,615 104,944 RSK 95,241 96,840 96,041 Funds on correspondent accounts 279,894 335,310 307,602 Other 1,691,398 1,401,856 1,546,627

Total credit risk 19,846,528 20,425,210 20,135,869

Overdue receivables

as of April 1, 2017

including overdue debt Provision for possible

losses

including by delay

RUB mln Amount Total

up to 30 days

from 31 to 90 days

from 91 to 180 days

Over 180 days

Est. Actual

Loan debts 17,161,815 700,627 170,980 78,632 74,280 376,734 1,214,482 1,055,318

Credit facilities (loans) granted, deposits made 16,288,762 677,195 164,218 77,990 70,847 364,140 1,168,790 1,010,025

Claims for rights (claims) acquired under a transaction (assignment of claim)

103,547 15,734 5,227 — 3,028 7,480 12,734 12,734

Receivables under transactions involving disposal (acquisition) of financial assets with the simultaneous granting of a grace period to the counterparty for payment (delivery of financial assets)

32,047 2,357 714 356 340 946 24,267 24,267

Claims for return of cash funds granted for transactions settled with securities repayable without recognition of the securities received

720,113 — — — — — 294 119

Amounts paid out by the lender to the beneficiary under bank guarantees, but not recovered from the principal

9,116 4,743 821 286 65 3,570 7,660 7,436

Claims against payers under paid letters of credit 8,230 598 — — — 598 737 737

Discounted promissory notes — — — — — — — —

Securities 464,823 901 — — — 901 4,793 4,793

Other receivables 1,271,120 54,841 4,176 3,705 17,727 29,233 110,137 109,981

Non-core assets 16,200 — — — — — 3,440 3,440

42


including overdue debt Provision for possible

losses

including by delay

RUB mln Amount Total

up to 30 days

from 31 to 90 days

from 91 to 180 days

Over 180 days

Est. Actual

Loan debts 17,260,343 626,278 152,307 60,642 33,097 380,232 1,202,271 1,038,721

Credit facilities (loans) granted, deposits made

16,377,790 611,821 150,939 60,532 32,959 367,391 1,156,679 993,386

Claims for rights (claims) acquired under a transaction (assignment of claim)

100,533 7,674 1 — — 7,673 11,455 11,455

Receivables under transactions involving disposal (acquisition) of financial assets with the simultaneous granting of a grace period to the counterparty for payment (delivery of financial assets)

35,331 2,385 1,158 56 11 1,160 25,690 25,690

Claims for return of cash funds granted for transactions settled with securities repayable without recognition of the securities received

733,412 — — — — — 54 21

Amounts paid out by the lender to the beneficiary under bank guarantees, but not recovered from the principal

9,253 3,781 209 54 127 3,391 7,798 7,574

Claims against payers under paid letters of credit

3,638 617 — — — 617 514 514

Discounted promissory notes 386 — — — — — 81 81 Securities 458,960 901 — — — 901 5,001 5,001 Other receivables 1,295,350 52,240 5,727 15,269 5,658 25,587 97,800 96,137 Non-core assets 10,723 — — — — — 2,418 2,418

An asset is considered overdue in full in the event of breach of the payment terms set under the contract for at least one payment on the principal debt and/or interest. As of April 1, 2017, the percentage of overdue loans in total assets was 3.3% (2.9% as of January 1, 2017).

For loans classified in quality categories II–V, the Bank shall create a provision subject to security of quality categories I and II, the list of which is defined by Clauses 6.2 and 6.3 of Bank of Russia Regulation No. 254-P. The security shall be counted for provision purposes only in the absence of the restrictions established by Clause 6.5 of the abovementioned document.

RUB mln

as of April 1, 2017


Property accepted as collateral for invested funds, not including securities and precious metals

9,986,545 9,692,605

Securities accepted as collateral for invested funds 4,660,400 4,582,773 Securities received under transactions settled on a repayable basis 837,852 822,102

Total 15,484,797 15,097,480

Given that the collateral of the quality category I and II as of April 1, 2017 amounted to RUB 342,149 million and RUB 3,166,636 million, respectively. As of January 1, 2017, the collateral of the quality categories I and II amounted to RUB 434,302 million and RUB 3,154,778 million, respectively.

43

Overdue loan debts broken down by client group are presented below:

as of April 1, 2017 RUB mln Total up to 30 days 31 to 90 days 91 to 180 days over 180 days Legal entities 348,849 52,766 33,962 50,048 212,073 Individuals 312,415 91,518 32,003 24,232 164,662 Credit institutions 39,363 26,696 12,668 — — Overdue amount 700,627 170,980 78,632 74,280 376,734

as of January 1, 2017 RUB mln Total up to 30 days 31 to 90 days 91 to 180 days over 180 days Legal entities 331,593 68,933 29,492 15,517 217,651 Individuals 282,275 70,964 31,150 17,580 162,581 Credit institutions 12,410 12,410 — — — Overdue amount 626,278 152,307 60,642 33,097 380,232

On the fair value of sold or re-pledged collateral and on the liability of credit institutions to return it

During the settlement of uncollectible/overdue debts of legal entities and individuals, the Bank sells the property previously placed on the Bank's books. Over the first quarter of 2017, the Bank sold property worth RUB 200 million, RUB 138 million in the first quarter of 2016. The overwhelming majority of the sold property is real estate (apartments, land plots, nonresidential facilities).

Restructured loans

As of April 1, 2017, the amount of restructured corporate loans amounts to RUB 3,414,411.1 million, and their share in the balance-sheet assets is 16.1% (as of January 1, 2017, RUB 3,285,711.8 million and 15.1%, respectively). Restructuring means an alteration of the original material terms and conditions of the loan agreement made with the debtor for its benefit, which is not provided for by the original material terms and conditions of the loan agreement.

As of April 1, 2017, the amount of restructured individual loans in the credit portfolio amounted to RUB 207,596.3 million and their share in the assets is 0.98% (as of January 1, 2017, RUB 204,042.9 million and 0.9%, respectively). The standard restructuring options provide for an increase in the period for using the loan, a change in the loan repayment procedure, full or partial waiver of penalties, or a change in the currency of the loan.

Level of concentration of major credit risks

The Bank pays close attention to controlling the level of concentration of major credit risks. Pursuant to its internal regulatory documents, the Bank conducts daily monitoring of major credit risks and projection of compliance with the requirements imposed under Instruction No. 139-I for the ratios R6 (maximum exposure per borrower or group of related borrowers) and R7 (maximum exposure to major credit risks). For these purposes, the List of Major and Related Borrowers of the Bank is maintained and monitored.

The share of loans of the 20 largest borrowers (groups of borrowers)15

in the first quarter of 2017 changed from 28.7% to 28.5% of the customer loan portfolio. Among the Bank's major borrowers are representatives from various sectors of the economy; therefore, the default risk is adequately diversified.

15

This indicator is calculated as follows: loan debt of the 20 largest borrowing companies (groups of companies) divided by the balance of the loan portfolio of legal entities and individuals; both the numerator and denominator include fixed-term overdue debt and cession agreements; the debt of the 20 largest companies includes the debt of Sberbank's subsidiaries, while the debt of banks is ignored.

44

On financial derivatives

The total positive fair value of contracts reflects the market value of financial derivatives that shall be compensated on the financial market in the case of the default of the counterparty the financial derivative transaction is concluded with.



2017

Current credit risk on financial derivatives, excluding netting agreements 97,462 111,142 Adjustment for netting agreements (31,687) (33,843)

Net value of current repayment risk 65,775 77,299

The calculation of the said credit risk values for operations with derivative financial instruments complies with the requirements of Instruction 139-I.

The changes in the value of credit risk can be explained by the total reduction of the DFI transaction portfolio as well as the reduction of credit risk for the balance sheet of the Bank. This change is primarily caused by the decrease of the current fair value of instruments recorded in the balance sheet of the Bank caused by the correction of main market indicators in the 1st quarter of 2017.

On the assets used by the Bank as a security for fund raising

The encumbrance of the asset should be understood as the presence of the asset agreement under which the return of the Bank's funds (assets) depends on the performance by third parties and (or) the Bank of its obligations, including assets transferred under repo transactions.

Accounting for the encumbered loans to legal entities is carried out on accounts similar to those for accounting for unencumbered loans. Accounting for securities transferred to encumbrance under transactions with the Bank of Russia (repo) is carried out on the accounts of securities transferred without termination of recognition, depending on the type of securities.

The value of the Bank's encumbered and unencumbered assets, including information on the volume of liquid assets accepted as collateral by the Bank of Russia16, used by the Bank as collateral for raising funds is presented in the table "Information on encumbered and unencumbered assets" and is calculated as the arithmetic average of the corresponding data at the beginning of each month of the reporting quarter. These assets were used to raise funds under repo operations and to raise loans from the Bank of Russia secured by credit-claim rights for a period not exceeding 3 years and secured by bonds issued to finance investment projects for a period of more than 1 year.

Information on encumbered and unencumbered assets for the 1st quarter of 2017:

Carrying value of encumbered assets Carrying value of unencumbered assets

thousand rubles total including under

obligations to the Bank of Russia

total

including those that are suitable for

provision as security to the Bank

of Russia

Total assets, including: 103,390,905 101,774,004 21,273,488,140 2,405,915 Equity securities, total, including: х х 739,623,004 х credit institutions х х 317,698,645 х legal entities other than credit institutions х х 421,924,359 х Debt securities, total, including: 29,547,157 27,930,256 2,007,145,345 2,405,915 credit institutions, total, including: 665,036 112,499 116,416,308 х - having long-term creditworthiness rating 665,036 112,499 113,604,204 х - not having long-term creditworthiness rating х х 2,812,104 х legal entities other than credit institutions, total, including:

28,882,121 27,817,757 1,890,729,037 2,405,915

- having long-term creditworthiness rating 28,882,121 27,817,757 1,890,729,037 2,405,915 - not having long-term creditworthiness rating х х х х Funds on correspondent accounts with credit institutions

х х 329,960,267 х

Interbank loans (deposits) х х 1,804,027,721 х Loans to legal entities other than credit institutions

2,224,569,175 73,843,748 8,124,249,509 х

Loans to individuals х х 4,097,775,300 х Fixed assets х х 464,020,883 х

16

The liquid assets here mean securities included in the Lombard List of the Bank of Russia, including those received by the Bank under reverse repo transactions, as well as the credit claim rights of the Bank included in the list of assets accepted by the Bank of Russia as collateral for loans (including the loans granted under the Bank of Russia Regulation No. 312-P dated November 12, 2007 "On the procedure for the Bank of Russia's granting loans to credit institutions secured by assets or sureties").

45

Other assets х х 1,555,960,684 х

9.2. (9.3.) Assignment of Receivables to Mortgage Agents and Specialized Companies

In the course of settlement of receivables assignment transactions, the main objective is to raise liquidity. During the first quarter of 2017, Sberbank did not assign any receivables to mortgage agents and specialized companies. To raise liquidity in December 2014, Sberbank assigned its receivables with regard to a mortgage loan portfolio in the amount of RUB 10,429.2 million to Mortgage Agent SB-2014 LLC. Sberbank was the original creditor (originator) of assigned loans. When assigning its receivables, Sberbank retained the credit risk on the mortgage loans:

it granted the loan that absorbs losses on mortgage loans as the loan obligations will be performed after satisfying the claims on bonds;

it bought the junior tranche of bonds issued by Mortgage Agent SB-2014 LLC;

it assumed the liability to redeem the defaulted mortgage loans at their nominal value;

it assumed the liability to redeem the remaining loans when the nominal value of outstanding mortgage loans falls below a certain limit.

This transaction was performed without assigning a rating. Mortgage Agent SB-2014 LLC is not affiliated with Sberbank under Russian law. The table below provides information on the value of assets and liabilities arising for Sberbank in connection with receivables assignment transactions.


2017 Risk ratio, %

as of January 1,

2017 Risk ratio, %

Bonds issued by Mortgage Agent SB-2014 LLC 1,111 100 1,111 100

Loan granted to Mortgage Agent SB-2014 LLC 52 100 70 100

Total 1,163 100 1,181 100

As of April 1, 2017 and January 1, 2017, no provision has been created for these assets.

Sberbank keeps records of claim assignment transactions in accordance with Regulation No. 385-P.

During the 2nd quarter of 2017, Sberbank plans to carry out a receivables assignment transaction for mortgage loans to mortgage agents and specialized companies in the amount of RUB 48,507 million.

9.3. (9.4.) Liquidity Risk

Liquidity risk is defined as the risk of the Group's inability to finance its activity, that is, to ensure the growth of its assets and/or to discharge its liabilities upon their maturity, subject to compliance with the requirements of local regulators, both in the normal course of business and in stressful conditions.

The purpose of liquidity risk management in the Group is to ensure timely and full discharge of the existing financial obligations of all Group members subject to unconditional compliance with the requirements of local regulators.

The Group is exposed to liquidity risk because it does not accumulate cash and cash equivalents for one-time discharge of all its liabilities. Instead, the Group evaluates an adequate level of cash and cash equivalents and liquidity

46

provisions required to discharge these liabilities at different time horizons based on the current market conditions, assumptions of future trends of the balance-sheet items, and accumulated historical data.

To reduce its liquidity risk, the Group:

maintains a stable and diversified structure of liabilities, including the resources raised from different groups of investors and clients, both fixed-term and on-demand;

invests in highly-liquid/liquid financial assets diversified by types of currencies and maturity to quickly and effectively fill in unexpected liquidity gaps;

controls the use of existing liquidity provisions and initiates their increase, if necessary;

maintains relations with counterparties in the financial markets to raise funds within the shortest possible time in the event a demand for liquidity occurs.

Policy and procedures

The Treasury Office of Sberbank analyzes, predicts, and elaborates proposals for regulating short-term, mid-term, and long-term liquidity with due regard to the needs of all Group members. Risks Unit elaborates architecture of limits and sets values of limits for liquidity risk metrics; performs regular independent control over observance of set limits of liquidity, validation of liquidity models and escalation of breaches of limits for collegiate bodies of governance. Organization of control over the state of liquidity and fulfillment of liquidity management decisions falls within the competence of the Assets & Liabilities Management Committee. Assessment, management, and control of liquidity risk are performed in compliance with the Liquidity Risk Management Policy of Sberbank and with the recommendations of Bank of Russia, local regulators, and the Basel Committee on Banking Supervision. The Bank controls the level of liquidity risk assumed by the Group and controls liquidity at the level of the Group, including coordination of all external borrowings of Group members with due regard for the existing macroeconomic and market conditions and for the purpose of minimization of funding costs.

The management bodies of the Group member banks are responsible for the effective management of the liquidity of the respective banks and monitoring its status as well as for compliance with the limits and limitations established by internal regulations of the Group and requirements of local regulators. Assessment, management, and control of liquidity risk of the Group member banks shall be performed in accordance with the uniform standards of the Group.

Management of liquidity risk of the Group is based on the legislative initiatives of the Bank of Russia, local regulators, and on the recommendations of the Basel Committee in the field of assessment of liquidity risk and management tools:

Forecasting the main balance-sheet items of Group members broken down by major currencies to determine the necessary volume of resources to cover a liquidity deficit and to comply with the statutory ratios established by local regulators;

Forecasting the structure of assets and liabilities under different scenarios for the development of the Group's balance sheet to control the required level of liquid assets in the mid-term and long-term within the framework of building funding plans;

Controlling and forecasting the values of the main liquidity indicators as defined by the Sberbank Group Standard for Calculating Liquidity Risk Metrics;

Setting the limits for risk metrics of individual Group members and of the whole Group, including without limitation those comprising the risk appetite of the Group;

Stress testing of the liquidity profile by analyzing different scenarios and phases of stress and planning actions to maintain the necessary liquidity level in crisis conditions.

47

Indicators of the Bank's liquidity risk exposure

As of April 1, 2017, the Bank complies in excess of the limit with the maximum values of required liquidity ratios established by the Bank of Russia and with the internal limits for liquidity risk metrics.

Compliance with liquidity requirements:

Liquidity requirements

Limit established

by the Bank of Russia, %

Critical value established

by Sberbank, %

Value of the ratio as of the reporting date, %

as of April 1, 2017


R2 min 15 min 20 237.8 217.0

R3 min 50 min 55 331.5 301.6

R4 max 120 max 115 53.7 55.4

Bank's LDR 17

not applicable max 109 87.9 86.9

Analysis of the Bank's assets and liabilities broken down by maturity

Below is an analysis of liquidity for the assets and liabilities of the Bank as of April 1, 2017:

RUB mln

on demand and less

than 1 month

1 to 6 months

6 months to 1 year

1 year to 3 years

over 3 years

with indefinite term /

overdue total

ASSETS Cash and cash equivalents 398,226 — — — — — 398,226 Funds of credit institutions held with the Central Bank of Russian Federation

627,597 36,141 29,084 21,760 6,546 — 721,128

including obligatory reserves 58,547 36,141 29,084 21,760 6,546 — 152,078 Due from credit institutions 307,950 — — — — — 307,950 Financial assets carried at fair value through profit or loss

33,773 27,233 26,081 22,450 15,755 — 125,292

Loan debt before provisions for possible losses

2,085,800 1,672,555 1,785,168 4,627,234 6,558,805 432,253 17,161,815

Net investments in securities and other financial assets available for sale

1,566,320 — — — — 700,819 2,267,139

including investments in subsidiaries and affiliates

— — — — — 700,819 700,819

Net investments in securities held to maturity

77,497 602 57,130 106,134 219,904 — 461,267

Current tax receivables — — — 6,525 — — 6,525 Fixed assets, intangible assets, and inventory

— — — — — 463,428 463,428

Long-term assets held for sale — — 8,532 — — — 8,532 Other assets 169,945 14,360 34,413 43,807 52,446 7,295 322,266 Assets before provisions for possible losses from loans

5,267,108 1,750,891 1,940,408 4,827,910 6,853,456 1,603,795 22,243,568

LIABILITIES Loans, deposits, and other funds of the Central Bank of Russian Federation

153 2,552 7,695 79,876 500,000 — 590,276

Due to credit institutions 275,575 13,605 15,413 18,021 12,615 — 335,229 Due to customers, other than credit institutions

6,372,163 3,764,915 3,059,306 2,353,800 673,537 — 16,223,721

including individual deposits 3,259,803 3,244,111 2,593,659 1,570,147 164,358 — 10,832,078 Financial liabilities carried at fair value through profit or loss

13,694 13,639 13,296 33,741 15,388 — 89,758

Debt liabilities in issue 104,690 233,190 158,089 53,405 50,639 — 600,013 Current tax liabilities — — — — — — — Deferred tax liability — — — — — 17,878 17,878 Other liabilities 284,974 13,909 7,236 1,740 194 — 308,053 Liabilities before provisions for possible losses

7,051,249 4,041,810 3,261,035 2,540,583 1,252,373 17,878 18,164,928

Net liquidity gap (1,784,141) (2,290,919) (1,320,627) 2,287,327 5,601,083 1,585,917 4,078,640 Aggregate liquidity gap (1,784,141) (4,075,060) (5,395,687) (3,108,360) 2,492,723 4,078,640 —

17

Ratio of corporate and retail loans (net) to deposits.

48

Below is an analysis of liquidity for the assets and liabilities of the Bank as of January 1, 2017.

RUB mln on demand

and less than 1 month

1 to 6 months

6 months to 1 year

1 year to 3 years

over 3 years

with indefinite term /

overdue total

ASSETS Cash and cash equivalents 614,849 — — — — — 614,849 Funds of credit institutions held with the Central Bank of Russian Federation

869,177 45,795 20,638 22,092 9,460 — 967,162

including obligatory reserves 56,729 45,795 20,638 22,092 9,460 — 154,714 Due from credit institutions 347,943 — — — — — 347,943 Financial assets carried at fair value through profit or loss

36,087 12,979 44,938 32,343 14,996 — 141,343

Loan debt before provisions for possible losses

1,454,549 1,971,201 1,817,101 4,760,961 6,855,143 401,388 17,260,343

Net investments in securities and other financial assets available for sale

1,577,707 — — — — 691,906 2,269,613

including investments in subsidiaries and affiliates

— — — — — 691,906 691,906

Net investments in securities held to maturity

— 76,838 8,853 131,559 238,711 — 455,961

Current tax receivables — 8,123 — 1 — — 8,124 Fixed assets, intangible assets, and inventory

— — — — — 469,121 469,121

Long-term assets held for sale — — 8,077 — — — 8,077 Other assets 77,456 14,489 18,248 42,034 50,890 14,147 217,264 Assets before provisions for possible losses from loans

4,977,768 2,129,425 1,917,855 4,988,990 7,169,200 1,576,562 22,759,800

LIABILITIES Loans, deposits, and other funds of the Central Bank of Russian Federation

90 1,302 7,686 72,083 499,999 — 581,160

Due to credit institutions 281,911 33,860 6,267 29,484 12,978 — 364,500 Due to customers, other than credit institutions

6,226,919 4,960,305 2,235,625 2,439,655 1,019,485 — 16,881,989

including individual deposits 2,982,916 4,361,371 1,946,081 1,483,325 164,055 — 10,937,747 Financial liabilities carried at fair value through profit or loss

12,072 33,627 9,612 39,318 12,958 — 107,587

Debt liabilities in issue 187,195 217,529 97,825 58,227 50,156 — 610,932 Current tax liabilities — — — 5,772 — — 5,772 Deferred tax liability — — — — — 17,878 17,878 Other liabilities 256,129 14,181 2,020 188 59 7,617 280,194 Liabilities before provisions for possible losses

6,964,316 5,260,804 2,359,035 2,644,727 1,595,635 25,495 18,850,012

Net liquidity gap (1,986,548) (3,131,379) (441,180) 2,344,263 5,573,565 1,551,067 3,909,788 Aggregate liquidity gap (1,986,548) (5,117,927) (5,559,107) (3,214,844) 2,358,721 3,909,788

49

Securities carried at fair value through profit or loss as well as the most liquid share of securities available for sale are considered liquid assets as they can easily be converted into cash within a short period of time. Such assets are placed in the table in the category "On demand and less than 1 month." Assets with overdue repayment periods are categorized as "unidentified term/overdue" in the amount of the actually overdue payment.

Current accounts of clients, other than credit institutions, including private on-demand deposits, are included in the "on-demand and under 1 month" category. At the same time, diversification of funds due to customers by number and type of depositors and the Bank's experience show that such accounts and deposits are a long-term and stable source of financing. Therefore, the cash outflow expected by the Bank within one month of the reporting date is much less than the amount indicated in the table above. This expectation is based on statistical data accumulated during the previous periods and on the assumptions of stable balance amounts on the clients' current accounts.

Reduction in the liquidity gap for terms of up to 1 year is due to the Bank's actions aimed at extending the urgency of client funds, primarily by redistributing the urgency of individuals' funds to longer-term horizons. In addition, the reduction in the liquidity gap is related to the shift in the urgency of loan debt for shorter periods to maturity. The decrease in the level of funds in the Bank of Russia is due to the specifics of the fulfillment of the obligation to reserve client funds, the reduction in the volume of cash - with a seasonal decline in demand for cash.

9.4. (9.5.) Country Risk

Country concentration of credit risk:

as of April 1,

2017

RUB mln

Russia CIS

Countries from the "Group of

Developed Countries"

Other countries

Total

Due from credit institutions 24,289 115 278,608 4,937 307,949 Financial assets carried at fair value through profit or loss

110,964 313 2,179 11,836 125,292

Net loans receivable 13,866,615 230,925 820,246 1,188,711 16,106,497 Net investments in securities and other financial assets available for sale

1,914,909 46,114 119,023 187,093 2,267,139

Net investments in securities held to maturity 418,582 26,415 14 290 1,981 461,268

50

as of January 1,

2017

RUB mln

Russia CIS

Countries from the "Group of

Developed Countries"

18

Other countries

Total

Due from credit institutions 8,603 237 333,431 5,672 347,943 Financial assets carried at fair value through profit or loss

97,087 52 14,019 30,185 141,343

Net loans receivable 14,094,701 252,521 530,692 1,343,708 16,221,622 Net investments in securities and other financial assets available for sale

1,933,195 51,095 126,904 158,419 2,269,613

Net investments in securities held to maturity 411,186 27,820 14,789 2,166 455,961

9.5. (9.6.) Market risks

Market risk means the possibility of financial loss occurring for the Group as a result of unfavorable changes in the exchange rates of foreign currencies, quotations of equity securities, interest rates, prices for precious metals, and other market indicators. The main goal of market risk management of the Group is to optimize its level within the Group, to make the risk level conform to the established limitations, and to minimize losses upon occurrence of unfavorable events.

The Group defines the following types of market risk:

Currency risk is the risk of loss or income reduction due to changes in the exchange rates of foreign currencies and/or precious metals.

Interest rate risk is the risk of loss or income reduction due to changes in the level of interest rates.

Stock market risk is the risk of loss or income reduction due to changes in the fair value of equity securities (e. g. ordinary and preferred shares).

Commodity risk is the risk of loss or income reduction due to changes in the value of commodity assets (not including precious metals).

Volatility risk is the risk of loss or income reduction due to changes in the price volatility of the underlying asset of a financial instrument.

Market credit spread risk is the risk of loss or income reduction due to changes in the level of market credit spread.

For the purpose of market risk accounting and management, the Group differentiates between transactions of the Trading and Banking Books by the manner and purpose of formation and the powers of the divisions involved in the management of the books, by the structure of typical market risks and approaches toward their management. Powers for market risk management are shared between the Bank Committee on Market Risks (CMR) and the Bank Assets and Liabilities Management Committee (ALMC) according to the area of responsibility (Trading and Banking Books).

Market risk management is performed in compliance with the Policy for Management of Market and Credit Risks of Transactions in the Financial Markets and the Policy for Management of Interest Rate and Currency Risks of the Banking Book.

18

The countries of the "Group of Developed Countries" include: Australia, the Republic of Austria, the Grand Duchy of Luxembourg, the Hellenic Republic, Ireland, the Italian Republic, Canada, the Kingdom of Belgium, the Kingdom of Denmark, the Kingdom of Spain, the Kingdom of the Netherlands, the Kingdom of Norway, the Kingdom of Sweden, New Zealand, the Portuguese Republic, the United Kingdom of Great Britain and Northern Ireland, the United States of America, the Federal Republic of Germany, the Republic of Finland, the French Republic, the Swiss Confederation, and Japan.

51

Financial market risk.

The powers of the CMR include management of market risk on trading operations in the financial markets.

Control of financial market risks is exercised by divisions that are organizationally independent from the divisions that perform transactions in the financial markets. The process of risk monitoring involves continuous supervision of trading operations at all stages of the operational process.

Financial market risk management in the Group is carried out through a system of authorized bodies that make their decisions depending on the risk level and hierarchy of portfolios. This system ensures prompt and flexible decision making.

Market risk management is performed on a portfolio basis. Market risk limits for separate portfolios are the main tool for market risk management. The portfolio consists of financial market transactions with common characteristics, such as admissible risks, currency, types of instruments, applicable limitations, etc. Market risk limits are established in accordance with the requirements of the Bank of Russia, the Basel Committee on Banking Supervision, and the best banking practice of market risk management.

The Group singles out the following most important types of market risk for trading operations in the financial markets.

Interest rate risk for trading positions. The Group is exposed to interest rate risk of the trading book as a result of change in the value of debt securities and derivative financial instruments with the change of interest rates.

For the purpose of limiting the interest rate risk on debt securities, the CMR and the employees authorized by the Committee set limits for the securities portfolio structure by maturity, limits of sensitivity to change in interest rates, stop-loss limits, and limits of the value at risk (VaR) for operations with debt securities.

For the purpose of limiting interest rate risk on derivative financial instruments, stop-loss limits, limits of the value at risk (VaR), limits of sensitivity to change in interest rates, and limitations for the types and maximum maturity of derivative financial instruments are established.

Market credit spread risk. The Group assumes the risk of losses resulting from the unfavorable change in the market prices for debt securities and derivative financial instruments which current fair value depends on the market evaluation of the credit quality of the debt security's issuer / the counterparty to the transaction. The Group manages the risk by setting limits on sensitivity to change in the market credit spread broken down by the currency of the asset, the issuer's country, and time to maturity. There are also stop-loss limits and limits on the value at risk (VaR) established by the Group.

Stock market risk. The Group assumes stock market risk resulting from the change in the fair value of equity securities of corporate issuers and derivative financial instruments based on them if the Group has open positions on these financial instruments. For the purpose of limiting stock market risk, the CMR and the employees authorized by the committee set the limits for the total position, stop-loss limits, limits of the value at risk (VaR), and sensitivity limits.

Currency risk. For the purpose of limiting the currency risk of financial market transactions, the CMR and the employees authorized by the committee set limits for the open foreign exchange position for all portfolios of transactions, stop-loss limits sensitive to currency risk, and limits of the value at risk (VaR).

Commodity risk. For the purpose of limiting the commodity risk of the trading book, the CMR and the employees authorized by the committee set limits for the list of commodity products for trading in the portfolio as well as for the amount of investment in individual commodities, stop-loss limits, and limits of the value at risk (VaR).

Volatility risk. Risk occurs as a result of the Group's position in options for underlying assets: currencies, interest rates, shares, and commodities. Stress test limits and sensitivity ratio limits are established for the options, depending on the underlying asset. Second-tier sensitivity shall be accounted for in the limits on the value at risk (VaR).

52

Value-at-Risk (VaR). The VaR method is used as one of the main methods of market risk assessment. This metric constitutes an assessment of the maximum loss on the portfolio within a predetermined time period and with a predetermined probability (confidence level) on a "normal" market. A "normal" market is characterized by the trends of market factors (quotations of currencies/shares/commodities, interest rates) in the absence of a system crisis in the economy / banking sector of the country or group of countries or negative factors/events that may cause major changes in the market factors and, as a result, in the value of positions in the financial instruments.

VaR is calculated based on the following assumptions:

The range of historical data used for calculation is 2 years.

VaR is calculated for a period of 10 busiess days, during which positions exposed to market risk can on average be closed (or hedged).

A 99% level of unilateral confidence probability is used, which means that losses in an amount exceeding VaR are expected for one in 100 periods.

The VaR metric at the level of each portfolio is subject to regular back testing in accordance with the formal procedure developed with due regard to the requirements of the Basel Committee on Banking Supervision.

Though VaR enables the evaluation of risk, it is also necessary to take into account the following weak points of this method:

Using previous changes in prices does not make it possible to fully evaluate possible price fluctuations in future.

Calculation for a ten days' period assumes that all positions of the Group may be closed (or hedged) during this period of time. This estimate may reflect the market risk value inaccurately during periods of reduced market liquidity, when the time for closing (or hedging) positions may increase.

Using a 99% level of unilateral confidence probability does not make it possible to assess the amount of losses expected with a probability of less than 1%.

VaR is calculated based on the positions exposed to market risk as of the end of the day and may not reflect the risk assumed during the day.

Taking into account the weak points of the VaR method, the Group will supplement VaR calculation with market risk estimates using scenario analysis and stress testing methodology to get more detailed information on the market risk value.

The table below shows the calculation results broken down by types of risk using the VaR method as of April 1, 2017 and January 1, 2017

19:

Risk level RUB mln

Risk level

% of capital

Risk type as of April 1,


2017

as of April 1, 2017


Market risk 41,739 43,162 1.3 1.4 on the portfolio of debt securities 35,741 40,473 1.1 1.3 stock market risk 0 0 0.0 0.0 currency risk 6,240 3,387 0.2 0.1 commodity risk 69 98 0.0 0.0 effect from diversification of investments (311) (796) 0.0 0.0

The market risk did not change significantly in the period from January 1, 2017 to March 31, 2017.

The absence of stock market risk is caused by the liquidation of stock positions in the trading book held on the balance sheet of Sberbank in accordance with the decision to approve the stock portfolio management strategy.

19

It is calculated based on the Bank's total position on financial instruments, including the Bank Book position, as well as on the Bank's total open foreign exchange position.

53

The sensitivity of the value of debt securities to changes in interest rates.

Sensitivity to a change in rates by 1 b.p. as of April 1, 2017:

Sensitivity to a change in rates

by 1 b.p., RUB million

Class of debt securities RUB USD EUR

Federal Loan Bonds (OFZ) 218 — — Eurobonds of Russia 1 62 6 Corporate bonds of Russian entities 30 39 5 Bonds and Eurobonds of Russian credit institutions 1 23 6 Bonds and Eurobonds of foreign credit institutions — 1 — Bonds of subjects of Russia 4 — 1

Total 254 125 17

Sensitivity to a change in rates by 1 b.p. as of January 1, 2017:

Sensitivity to a change in rates

by 1 b.p., RUB million

Class of debt securities RUB USD EUR

Federal Loan Bonds (OFZ) 202 — — Eurobonds of Russia 2 74 6 Corporate bonds of Russian entities 28 42 7 Bonds and Eurobonds of Russian credit institutions 1 26 7 Bonds and Eurobonds of foreign credit institutions 0.2 — — Bonds of subjects of Russia 4 — —

Total 237 142 20

Market risk on non-trading operations

Interest rate risk on non-trading assets and liabilities

The Group takes on the interest rate risk on non-trading assets and liabilities, or the interest rate risk of the banking book, the risk of financial loss (decrease in net interest income and/or occurrence of losses), the decrease in the value of capital or capital adequacy as a result of adverse changes in interest rates on assets and liabilities of the banking book. This type of risk includes:

gap risk (risk of changes in rates) arises as a result of changes in the level and/or structure of interest rates due to differences in maturity and/or revision of interest rates on assets and liabilities of the banking book;

basic risk arises as a result of unequal change in the values of various indices of market interest rates or unequal change in interest rates in the markets of various financial instruments due to the use of different indices and indicators for pricing financial instruments of the banking book;

risk of optionality arises from the execution of options that are accounted in the banking book, or as a result of the execution of options embedded in banking products, for which the Bank or customer can change the volume or time of cash flows. The risk of optionality, in turn, includes the risk of automatic options (for example, cap and floor options) and the risk of changing customer behavior (for example, with regard to early repayment of loans, early withdrawal of deposits, reduction of balances on demand accounts, selection of credit facilities);

risk of revaluation of the portfolio of the banking book securities available for sale (AFS portfolio) arises from the growth of interest rates and a corresponding decrease in the Bank's capital by the value of the decrease in the value (negative revaluation) of the portfolio of the banking book securities available for sale.

To measure the interest rate risk, a standardized shock, in accordance with the recommendations of the Basel Committee on Banking Supervision, is used. Possible changes in interest rates are predicted separately for material interest positions

20 in rubles and in foreign currencies.

20

According to the standards of the Basel Committee on Banking Supervision "Standards of Interest Rate Risk in the Banking Book" of April 2016, the material position is the interest position in the currency, which is more than 5% of the assets or amount of liabilities in the bankng book

54

The table below shows the impact of the shock changes in interest rates on the Bank's net interest income on a 1-year horizon as of April 1, 2017 and January 1, 2017:

Decline in interest rates Growth of interest rates

as of April 1,

2017

as of January 1,

2017 as of April 1,

2017

as of January 1,

2017

Russian ruble Change in interest rates, b.p. (400) (400) 400 400 Change in profit before tax, RUB million 76,225 100,193 (76,225) (100,193)

USD and other currencies Change in interest rates, b.p. (200) (200) 200 200 Change in profit before tax, RUB million (16,306) (11,325) 16,306 11,325

EUR Change in interest rates, b.p. (200) (200) 200 200 Change in profit before tax, RUB million (2,261) (1,867) 2,261 1,867

The change in interest rate risk in Russian rubles is mainly due to an increase in ruble placements through currency swaps.

The change in interest risk in euros is mainly due to a decrease in the amount of funds of legal entities and individuals.

The change in interest rate risk in US dollars is mainly due to a decrease in the amount of funds in LORO accounts and the volumes of legal entities and individuals, and a reduction in the average maturity of short-term funds in banks.

Within the framework of interest rate risk management, a target position on interest rate risk in rubles and target values of the volumes and maturity structure of fixed assets and liabilities to ensure that the target interest position is achieved have been established as part of the business plan of Sberbank Group starting in 2016. Reporting on the interest rate risk and the issues of interest position management are reviewed at the ALMC on a regular basis.

Currency risk on non-trading assets and liabilities

The Group is exposed to currency risk on non-trading assets and liabilities or to currency risk of the banking book as a result of the influence of banking book operations on the open foreign exchange position (OFEP). Currency risk is realized due to unfavorable changes in exchange rates.

The main sources of currency risk of the banking book are:

operations for the creation and dissolution of provisions on loan debts in foreign currency;

operations for loan restructuring with respect to change in the currency of a debt;

income and expenses in foreign currencies.

For the purpose of limiting the currency risk for the Bank divisions and individual subsidiaries, limits on the open foreign exchange position have been established.

Assessment methodology

To assess the interest and currency risks of the banking book, the Group mainly uses the following metrics:

The interest gap reflects the overall time structure of changes in interest rates for all balance-sheet and off-balance-sheet items with a breakdown of the nominal volume of assets and liabilities by preset time intervals based on the periods of changes in interest rates subject to the clients' behavior or contractual terms.

Sensitivity of net interest income enables the qualitative evaluation of possible influence of change in interest rates on net interest income.

Regulatory OFEP reflects the structure of open positions broken down by individual currencies for the Group and Group members, which is calculated as per the requirements of the Bank of Russia.

55

Economic OFEP reflects the sensitivity of profit before taxes to change in currency rates.

Economic capital required to cover the possible adverse effect on capital of change in interest rates and foreign exchange rates in a stress scenario.

The Bank consolidates its aggregate OFEP daily and manages the open foreign exchange position in the banking book to reduce currency risk. The Bank uses spot exchange transactions as the main currency risk management instruments.

The cumulative OFEP value for the banking and trading books21

:

as of April 1, 2017 as of January 1, 2017

Currency USD Swiss francs EUR USD EUR Gold22

Amount of OFEP, RUB million 36,663 7,787 5,888 43,479 (25,908) (6,521) Amount of OFEP, % of capital 1.1 0.8 0.2 1.4 0.8 0.2

The main purposes of interest and currency risk management are:

risk-return optimization;

minimization of potential losses from fluctuations of interest rates and currency exchange rates at the risk level selected for each of the currencies

23;

strengthening of the interest margin regardless of market conditions;

compliance with the requirements of the Bank of Russia.

21

The table cumulatively shows the three biggest OFEP values for the banking and trading books as calculated in accordance with Bank of Russia Instruction No. 178-I 22

The open foreign exchange position on the Swiss franc as of December 31, 2016, was RUB 3,744 million, the open foreign exchange position on gold as of March 31, 2017, was RUB (3,509) million. 23

For the purposes of managing interest rate risk, different strategies of interest position are approved proceeding from the possibility and cost of hedging and diversification of risk in those currencies

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9.6. (9.7.) Assets and Liabilities Broken Down by Currencies

Analysis of the Bank's assets and liabilities broken down by currencies as of April 1, 2017, is provided below:

RUB mln RUB USD EUR Other

currencies Total

Cash and cash equivalents 320,984 26,328 33,081 17,833 398,226 Funds of credit institutions held with the Central Bank of Russian Federation

721,011 56 61 — 721,128

Due from credit institutions before provisions 4,343 226,688 27,500 49,426 307,957 Provisions for possible losses (7) Investments in securities carried at fair value through profit or loss

6,069 21,557 204 — 27,830

Loan debts before provisions for possible losses 12,473,797 4,046,373 531,232 110,413 17,161,815 Provisions for possible losses (1,055,318) Investments in securities and other financial assets available for sale before provisions for possible losses

24

1,824,224 404,681 77,618 1,680 2,308,203

Provisions for possible losses (41,064) Investments in securities held to maturity before provisions for possible losses

269,008 153,420 38,681 4,918 466,027

Provisions for possible losses (4,760) Current income tax receivable 6,525 — — — 6,525 Fixed assets, intangible assets, and inventory 464,624 — — — 464,624 Provisions for possible losses (1,196) Long-term assets held for sale 10,775 — — — 10,775 Provisions for possible losses (2,243) Other assets before provisions for possible losses 294,789 52 389 41,051 2,929 391,158 Provisions for possible losses (68,892)

Assets before provisions for possible losses 16,396,149 4,931,492 749,428 187,046 22,264,115 Provisions for possible losses (1,173,326)

Loans, deposits, and other funds of the Central Bank of Russian Federation

590,276 — — — 590,276

Due to credit institutions 138,228 57,613 121,939 17,449 335,229 Due to customers 11,325,977 3,975,452 782,378 139,914 16,223,721 Debt liabilities in issue 569,609 28,868 1,536 — 600,013 Current income tax payable 0 — — — 0 Deferred tax liability 17,878 — — — 17,878 Other liabilities before provisions for possible losses 198,169 106,001 2,888 943 308,001 Liabilities before provisions for possible losses 12,840,137 4,167,934 908,741 158,306 18,075,118 Provisions – estimated non-credit liabilities 52 Provisions for possible losses from credit contingencies, other possible losses, and transactions with offshore residents

40,521

Net position as to DFI carried at fair value (25,969) (216,910) 252,450 (1,927) 7,644

24

All investments in subsidiaries pertain to the "rubles" category because according to Regulation No. 385-P they are recorded in rubles at the official rate as of the date of their recognition in the books and are not subject to revaluation

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Below is the analysis of the Bank's assets and liabilities broken down by currencies as of January 1, 2017:

RUB mln RUB USD EUR Other

currencies Total

Cash and cash equivalents 471,768 51,262 48,123 43,696 614,849 Funds of credit institutions held with the Central Bank of Russian Federation

967,037 61 64 — 967,162

Due from credit institutions before provisions 6,109 239,162 43,542 59,226 348,039 Provisions for possible losses (96) Investments in securities carried at fair value through profit or loss

8,808 21,393 — — 30,201

Loan debts before provisions for possible losses 12,636,837 3,950,724 564,883 107,899 17,260,343 Provisions for possible losses (1,038,721) Investments in securities and other financial assets available for sale before provisions for possible losses

1,778,386 425,445 96,839 1,301 2,301,970

Provisions for possible losses (32,358) Investments in securities held to maturity before provisions for possible losses

259,153 155,865 40,767 5,144 460,929

Provisions for possible losses (4,968) Current income tax receivable 8,124 — — — 8,124 Fixed assets, intangible assets, and inventory 469,215 — — — 469,215 Provisions for possible losses (94) Long-term assets held for sale 10,401 — — — 10,401 Provisions for possible losses (2,324) Other assets before provisions for possible losses 220,487 29,074 28,060 3,306 280,927 Provisions for possible losses (63,663)

Assets before provisions for possible losses 16,836,325 4,872,986 822,278 220,572 22,752,160 Provisions for possible losses (1,142,224)

Loans, deposits, and other funds of the Central Bank of Russian Federation

581,160 — — — 581,160

Due to credit institutions 144,205 122,621 79,932 17,742 364,500 Due to customers 11,350,642 4,467,914 899,932 163,501 16,881,989 Debt liabilities in issue 576,660 30,902 3,370 — 610,932 Current income tax payable 5,772 — — — 5,772 Deferred tax liability 17,878 — — — 17,878 Other liabilities before provisions for possible losses 176,618 99,366 1,879 2,278 280,141

Liabilities before provisions for possible losses 12,852,935 4,720,803 985,113 183,521 18,742,372 Provisions – estimated non-credit liabilities 53 Provisions for possible losses from credit contingencies, other possible losses, and transactions with offshore residents

42,146

Net position as to DFI carried at fair value (80,231) (95,345) 199,226 (20,095) 3,555

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9.7. (9.13.) Operational Risk

The table below provides information on the amount of income for the purpose of calculating capital to cover operational risk:

RUB mln as of April 1, 2017


Net interest income 879,687 879,687

Net non-interest income 331,968 331,968

Income for the purpose of calculating capital to cover operational risk 1,211,655 1,211,655

9.8. (9.17.) Risk of Investment in Equity Securities not Included in the Trading Portfolio

Participation of the Bank in legal entities is aimed at the following objectives:

supporting the leading position of the Bank Group in the market of banking and financial services;

increasing the market value (capitalization) and competitiveness of the Bank;

earning income for the Bank from participation in legal entities;

Resolving socially significant tasks faced by the Bank

As of April 1, 2017, the amount of equity securities portfolio net of provisions not included in the trading portfolio is RUB 734,329 million.



2017

Investments in shares 356,869 373,087 Investments in interest in the share capital 377,460 362,628

Total, 734,329 735,715 including investment made for the purpose of control or significant influence on the activity

700,819 691,906

The table below shows the financial results for operations with such securities:



2016

Profit (loss) from sale 8,440 — Recovery (creation) of provisions for possible losses (8,706) 418 Income (dividends) received 3,499 226

Realized income 3,233 644

Unrealized revaluation (10,634) 2,788

The table below shows the capitalization requirements for investments in equity securities combined with a reflection of the gradual exclusion of Bank equity (capital) from the calculation as of April 1, 2017:

RUB mln

Amount of investments

25

Deduction from calculation

of capital

Accounting for deductions, % of total

investments

Financial institutions Core capital (major) 114,057 91 246 80 Additional paid-in capital (major) 379,771 75 954 20 Additional capital (major) 8 6 80

25

In accordance with Regulation 395-P, the amount of investment includes contributions to the share capitals of subsidiaries before registration, which are reflected as part of other assets

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Data as of January 1, 2017

RUB mln Amount of investments

Deduction from calculation

of capital

Accounting for deductions, % of total

investments

Financial institutions Core capital (major) 139,114 83,468 60 Additional paid-in capital (major) 389,519 155,808 40 Additional capital (major) 8 5 60

CEO and Chairman of the Executive Board of Sberbank H. O. Gref Senior Managing Director, Chief Accountant – Director of the Accounting and Reporting Department of Sberbank M. Yu. Lukyanova

Documents

BALANCE SHEET (disclosure form) · IV OFF-BALANCE-SHEET LIABILITIES 36 Irrevocable liabilities of the credit institution 7 326 174 406 6 701 111 522 37 Guarantees and sureties issued