Structure of Sberbank Groups liabilities under IFRS

The Group’s liabilities increased 25.2% in 2011 to RUB 9,567.1 billion as of the end of the year. The increase was primarily driven by a 18.4% growth in amounts due to individuals to RUB 5,726.3 billion and a 21.4% growth in amounts due to corporate customers to RUB 2,205.8 billion. Other borrowed funds grew 42.5% in 2011 as a result of the Group raising a syndicated loan from a consortium of foreign banks. There was also growth of amounts due to other banks (295.3%) and other liabilities (164.9%) in 2011.

RUB million 2011 2010 Change, %
Amount % of amount Amount % of amount Amount  
Due to individuals 5,726,319 59.9 4,834,459 63.2 18.4
Due to corporate customers 2,205,814 23.1 1,816,672 23.8 21.4
Subordinated debt 303,518 3.2 303,513 4.0 -
Other borrowed funds 244,020 2.6 171,255 2.2 42.5
Debt securities in issue 268,707 2.8 272,699 3.6 (1.5)
Due to other banks 532,385 5.5 134,668 1.8 295.3
Other liabilities 286,365 2.9 108,094 1.4 164.9
Total liabilities 9,567,128 100.0 7,641,360 100.0 25.2

The table below shows the breakdown of the Group’s liabilities by reportable segments.

RUB million 2011 2010 Change, %
Amount % of amount Amount % of amount Amount  
Moscow 3,825,699 40.1 2,885,376 37.8 32.6
Central and northern regions of the
European part of Russia
2,045,324 21.5 1,776,676 23.3 15.1
Volga region and the south of the
European part of Russia
1,433,959 15.0 1,270,092 16.7 12.9
Urals, Siberia and the Far East of Russia 1,876,422 19.7 1,549,502 20.3 21.1
Other countries 349,521 3.7 146,145 1.9 139.2
Total liabilities 9,530,925 100.0 7,627,791 100.0 25.0

Moscow and the European part of Russia account for 76.6% of the Group’s liabilities as of 31 December 2011 (77.8% in 2010).

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