Introduction
Chapter 1 Organizational and economic characteristics of PJSC Sberbank
Chapter 2 Organization of non-cash payments in PJSC Sberbank
Conclusion
List of sources used
Introduction
The purpose of undergraduate practice is the formation of skills for the practical use of theoretical knowledge in practical activities, the collection, systematization and processing of information practical material on the topic of the final qualification work "Organization of cashless payments in a commercial bank."
Object of study - PJSC Sberbank
During the internship, the following
– a description of the activities of PJSC Sberbank was given;
- a diagram of the organizational structure of management was drawn up;
– the functions of the main structures and the interaction between them are considered;
– the forms and types of non-cash payments are considered;
– studied the process of managing cashless payments;
– the organization of cashless payments was analyzed;
– registers of posted documents in the currency of the Russian Federation were compiled;
– familiar with all forms of non-cash payments;
– learned how to process and pay transfers.
When writing the report, methods of systematization, analytical, prognostic, calculation, graphic were used.
The internship was completed at the additional office of PJSC Sberbank No. 85932/04.
The purpose of the internship is to consolidate theoretical knowledge in the field of banking, acquire the professional skills of a specialist and collect information for writing a WRC.
Chapter 1 Organizational and economic characteristics of PJSC Sberbank
PJSC Sberbank is the largest bank in Russia and the CIS with the widest network of divisions, offering the full range of investment banking services. The founder and main shareholder of PJSC Sberbank is the Central Bank of the Russian Federation, which owns 50% of the authorized capital plus one voting share; over 40% of shares are owned by foreign companies. About half of the Russian market of private deposits, as well as every third corporate and retail loan in Russia falls on PJSC Sberbank.
Full corporate name of the bank: Public Joint Stock Company Sberbank.
Abbreviated name of the bank: PJSC Sberbank.
The history of Sberbank of Russia begins with the personal decree of Emperor Nicholas I of 1841 on the establishment of savings banks, the first of which opened in St. Petersburg in 1842. A century and a half later - in 1987 - on the basis of state labor savings banks, a specialized bank for labor savings and lending to the population was created - the Sberbank of the USSR, which also worked with legal entities. The structure of the Savings Bank of the USSR included 15 republican banks, including the Russian Republican Bank.
At the moment, despite the far from outstanding quality of service in most branches (with the exception of services for VIP clients), the bank is the leader not only in terms of assets, but also in the number of current accounts of legal entities (over 1 million). In the market of private deposits, PJSC Sberbank is a monopolist - it controls 45% of the market (the bulk of the deposits of "physicists" are the so-called pension deposits in rubles). It should be noted that at the beginning of 2002 the bank's share was 71.4%. The further decline in the market share occupied by Sberbank is largely facilitated by the deposit insurance system and an increase in the amount of insurance compensation. About 11 million people receive salaries through Sberbank, and 12 million receive pensions. The bank has issued more than 30 million plastic cards, the number of installed ATMs exceeds 19 thousand. As of December 31, 2012, the number of employees was over 233 thousand people.
Main directions of banking activity:
- Corporate business: servicing settlement and current accounts, opening deposits, providing all types of financing, issuing guarantees, servicing export-import operations of clients, cash collection services, cash services, conversion services, services for transferring funds by the population in favor of legal entities, operations with bills of exchange and other.
- Retail business: provision of banking services to individual clients for accepting funds on deposits, lending, servicing bank cards, transactions with precious metals, savings certificates and bills, buying and selling foreign currency, payments, money transfers, including without opening bank accounts , storage of valuables and others.
- Operations in financial markets: with securities, derivative financial instruments, foreign currency; placement and attraction of funds in the interbank market and capital markets and others.
Within the above areas of activity, Sberbank offers a wide range of banking products and services.
In addition to banking operations, the bank carries out:
- Issuance of guarantees for third parties;
- Acquisition of claims from third parties;
- Trust management of funds;
- Professional activity in the securities market, including brokerage, dealer and depository activities;
- Other operations and services.
The General Meeting of Shareholders is the supreme management body of the bank. At the general meeting of shareholders, decisions are made on the main issues of the bank's activities. The list of issues related to the competence of the general meeting of shareholders is determined by the Federal Law "On Joint Stock Companies" dated December 26, 1995 No. 208-FZ (as amended on December 28, 2013) and the bank's charter.
In accordance with the charter, the general management of the bank's activities is carried out by the supervisory board. The competence of the Supervisory Board includes issues of determining priority areas of the bank's activities, appointing members of the board and early termination of their powers, issues of convening and preparing general meetings of shareholders, recommendations on the amount of dividends on shares, periodic hearing of reports from the president, chairman of the board of the bank on the activities of the bank and other issues . Committees of the Supervisory Board are bodies established for preliminary consideration of the most important issues within the competence of the Supervisory Board and preparation of recommendations on them. The committees are formed annually from among the members of the bank's supervisory board. Each committee includes independent directors. The committees facilitate working interaction with the bank's management bodies. The management of the current activities of the bank is carried out by the president, chairman of the board and the board of the bank.
In order to increase the efficiency of work and develop business, the bank has a number of collegial working bodies (committees) reporting to the board of Sberbank, whose main tasks are to resolve issues of implementing a unified, coordinated policy in various areas of the bank's operations. The Board is a platform for active discussion of strategic issues of the bank's development and development of optimal solutions that take into account the peculiarities of the regions.
Consider the financial condition of PJSC Sberbank.
Table 1 ¾ Key financial indicators of PJSC Sberbank for 2012-2014,
The increase in assets in 2012 compared to 2013 amounted to 19.8%, and in 2014 compared to 2013, the growth rate increased to 33.6%. The deviation of the bank's capital in 2013 in relation to 2012 was 18.4%, and in 2014 in relation to 2013 the growth rate decreased to 16.2%.
Consider the dynamics and structure of the bank's balance sheet.
Table 2 ¾ Dynamics of assets of PJSC Sberbank for 2012 - 2014, billion rubles
The bank's assets in 2013 increased by 19% compared to the previous period, while in 2014 the growth was 34% compared to 2013. The main factors for the growth of the bank's assets are: an increase in net loan debt, which amounted to 32% in 2014 and 22% in 2013, an increase in investments in securities by 0.1% in 2014 and by 13% in 2013. Also in 2014, there was a significant increase in cash. The increase in the growth rate of total assets is due to the increase in growth in the main items of assets.
Consider an analysis of the asset structure of PJSC Sberbank.
Table 3 ¾ Asset structure of PJSC Sberbank for 2012 - 2014, billion rubles
The largest share in the structure of the bank's assets is occupied by net debt (73%), which remains at the same level in the study period. Net investments in securities account for 10% of the bank's balance sheet assets, which testifies to the high investment activity of the bank.
Table 4 ¾ Analysis of the dynamics of equity of Sberbank for 2012-2014, billion rubles
From the data on the dynamics of own funds, we can conclude that in the period from 2012 to 2013. there is an increase in some indicators, such as: “retained earnings (uncovered losses) of previous years” and “unused profit (loss) for the reporting period”.
As can be seen in the figure, own funds show steady growth.
Table 5 ¾ Analysis of the structure of own funds of PJSC Sberbank for 2012-2014, billion rubles
According to the table, the largest share in the structure of own funds is occupied by reinvested profit, while there is a steady increase in the share of retained earnings of previous years, and the share of unused profit of the reporting period tends to decrease. The share of revaluation amounts of shareholders' fixed assets and share premium also decreases. The fair value revaluation of available-for-sale securities represents a negative amount, which indicates losses from investing activities.
Consider the economic standards of PJSC Sberbank for 2012-2014
As Figure 4 shows, in 2014 the bank's capital adequacy ratio decreased significantly from 12.87% to 11.5%, although it still corresponds to the required value of 10%.
Let us consider the analysis of the dynamics of the attracted funds of PJSC Sberbank.
Table 6 ¾ Analysis of the dynamics of attracted funds of PJSC Sberbank for 2012-2014, billion rubles
The bank's liabilities show positive dynamics over the period under study: in 2013, the growth of liabilities amounted to 20% compared to the previous period, and in 2014, 37.8% compared to 2012. The main growth factors are: the growth of loans and deposits of the Central Bank, which amounted to 43% in 2013, and 78.7% in 2014 compared to 2011. Retail deposits tend to decrease (in 2013 deposits amounted to 20% compared to the previous period, and in 2014 - 5.4% compared to 2013)
Table 7 ¾ Analysis of the structure of funds raised by Sberbank for 2012-2014, billion rubles
The largest share in the structure of attracted funds is occupied by funds of clients that are not credit institutions, their share at the end of 2013 amounted to 77.6%. Loans, deposits and other funds of the Central Bank of the Russian Federation also accounted for a significant share in the structure of attracted funds in 2013.
Chapter 2 Organization of non-cash payments in PJSC Sberbank
Non-cash settlements are settlements carried out without the use of cash, by transferring funds to accounts with credit institutions and offsetting mutual claims. Non-cash payments are of great economic importance in accelerating the turnover of funds, reducing the cash required for circulation, and reducing distribution costs. The difference between non-cash payments and cash payments:
1) the payer and the recipient transferring cash participate in cash settlements. There are three participants in non-cash cash settlements: the payer, the recipient and the bank in which such settlements are carried out in the form of an entry on the accounts of the payer and the recipient;
2) participants of non-cash money transactions are in credit relations with the bank. These relationships are manifested in the amounts of balances on the accounts of participants in such settlements. There are no such credit relations in cash circulation;
3) transfers (transfers) of money belonging to one participant in settlements in favor of another are made by making entries in their accounts, as a result of which the credit relations of the bank with participants in such operations change. Thus, the turnover of cash is replaced by a credit operation. Non-cash payments in the economy are organized according to a certain system, which is understood as a set of principles for organizing non-cash payments, the requirements for their organization, determined by specific business conditions, as well as the forms and methods of payment and the associated workflow.
The form of payment is a set of interrelated elements, which include the method of payment and the corresponding document flow. Document circulation is a system of registration, use and movement of settlement documents and funds, which includes: issuance of an invoice by the consignor and its transfer to other participants in the settlements; the content of the settlement document and its details; the terms for compiling the settlement document and the procedure for presenting it to the bank, as well as to other participants in the settlements; movement of a settlement document between banking institutions; the procedure and terms for payment of a settlement document, transfer and receipt of funds; the procedure for using the settlement document for mutual control of the settlement participants and the implementation of measures of economic impact.
Non-cash payments serve mainly the sphere of economic relations of enterprises and their relationship with the financial and credit system. Thus, their essence is that economic bodies make payments to each other for inventory items and services rendered, as well as for financial obligations by transferring amounts due from the payer's account to the recipient's account or offsetting mutual debts.
The value of non-cash payments is great, because:
1) non-cash payments contribute to the concentration of monetary resources in banks. Temporarily free funds of enterprises stored in banks are one of the sources of lending;
2) non-cash payments contribute to the normal circulation of funds in the national economy;
3) a clear distinction between non-cash and cash turnover creates conditions that facilitate the planning of money circulation and non-cash money turnover, as well as determining the amount of issue and withdrawal of cash from circulation.
On the one hand, the development of non-cash payments leads to a reduction in the need for cash and to saving distribution costs. The larger the payment, the stronger these benefits become. However, if the amount of payment is insignificant, then a cash payment is more advantageous. It is rather difficult to establish exactly the line when the advantages of cash payment turn into its disadvantages.
Non-cash transactions are reflected on settlement, current and other accounts opened by banks to their customers after the latter submit the relevant documents.
All non-cash payments are made on the basis of settlement documents. Their forms must comply with established standards, and they must contain the following details:
- the name of the settlement document and its form code according to OKUD;
- number of the document, date, month, year of its execution. In this case, the number is indicated in numbers, the month - in words, the year - in numbers;
- the name and location of the payer's bank, its bank identification code (BIC), the number of the correspondent account or sub-account;
- the name of the payer, his identification number (TIN), KPP, as well as the number of the bank account;
- the name of the recipient of funds, the number of his bank account;
– the name and location of the beneficiary's bank (not indicated on the check), its bank identification code (BIC), the number of the correspondent account or sub-account. At the same time, it is allowed to abbreviate the name of the payer and the recipient, which does not impede the work of banks and clients;
– purpose of payment (not specified in the check). The tax payable is highlighted in the settlement document as a separate line (otherwise there should be an indication that the tax is not paid);
- the amount of the payment, indicated in numbers and in words;
– order of payment and type of operation.
The principles of organization of calculations are the fundamental principles of their implementation. Compliance with the principles in the aggregate makes it possible to ensure that the calculations meet the requirements: timeliness, reliability, efficiency. The first principle - the legal regime for making settlements and payments - requires that the behavior of the participants in settlement relationships comply with the rules of law and legal responsibility. The basis for this is a set of laws and regulations. The main regulatory body of the payment system is the Central Bank of the Russian Federation (Bank of Russia). Among its main tasks is to ensure the efficient and uninterrupted functioning of the settlement system.
The second principle is the implementation of bank accounts. A necessary prerequisite is that both suppliers and buyers have bank accounts. For settlement services, a bank account agreement is concluded between the bank and the client - an independent bilateral (participants have both rights and obligations) civil law agreement. Clients have the right to open the required number of settlement, deposit and other accounts in any currency in banks with their consent, unless otherwise provided by federal law. Banks and other credit institutions for settlements between themselves open correspondent accounts - with each other (correspondent account agreement is concluded) and without fail - in institutions of the Bank of Russia (an agreement on bank settlement services).
The third principle is to maintain liquidity at a level that ensures uninterrupted payments. Compliance with this principle is the key to a clear unconditional fulfillment of obligations. All payers must plan receipts, write-offs of funds from accounts, prudently seek the missing resources in order to timely fulfill debt obligations.
The fourth principle is the presence of an acceptance (consent) of the payer for payment. This principle is implemented through the use of either an appropriate payment instrument (check, promissory note, payment order), indicating the owner's order to debit funds, or a special acceptance of documents issued by the recipients of funds (payment requests, bills of exchange).
At the same time, the legislation provides for cases of undisputed (without the consent of the payers) write-offs of funds: arrears in taxes and other obligatory payments - on the basis of writ of execution issued by the courts, some fines on orders of collectors, direct write-offs for heat and electricity, utilities, etc. P.
The fifth principle - the urgency of payment - follows from the very essence of a market economy, an essential condition of which is the timely and complete fulfillment of payment obligations. The significance of this principle lies in the fact that continuously spent funds for the production of goods, the provision of services must be reimbursed at the expense of payments from buyers within the time limits stipulated by the concluded contracts.
The sixth principle is the principle of property liability for non-compliance with contractual terms. The essence of this principle lies in the fact that violations of contractual obligations in terms of settlements entail the application of civil liability in the form of compensation for losses, payment of a penalty, as well as other liability measures. (Civil Code of the Russian Federation, Ch. 25, Art. 395)
The seventh principle - the control of all participants over the correctness of settlements, compliance with the established provisions on the procedure for their implementation - is divided into preliminary, current, subsequent, internal and external control. An important role in the observance of this principle is played by the establishment in accordance with Art. 16 of the Federal Law of the Russian Federation of November 21, 1996 No. 129-FZ "On Accounting" publicity of financial statements.
Non-cash payments are carried out on the basis of settlement documents of the established form and in compliance with the relevant document flow. The choice of the form of payment is mainly determined by:
- the nature of economic relations between counterparties;
– a feature of the supplied products;
– the location of the parties to the transaction;
– method of transportation of goods;
- the financial position of legal entities.
Regulation of the Central Bank of 03.10.2002. No. 2-P "On non-cash payments in the Russian Federation" establishes the following forms of non-cash payments: settlements by payment orders, letters of credit, settlements by checks and collection.
A payment order is an order of the account holder (payer) to the bank serving him, drawn up by a settlement document, to transfer a certain amount of money to the account of the recipient of funds opened in this or another bank.
In settlements for goods and services, payment orders are used:
- for goods received, work performed, services rendered (reference in the order to the number and date of the shipping document confirming the receipt of goods or services by the payer);
- for payments in the order of advance payment for goods and services (reference in the order to the number of the main contract, agreement, contract, which provides for advance payment);
- payments to transport, communal, household enterprises for maintenance, etc.
In settlements for non-commodity transactions, payment orders are used for:
– payments to the budgets of all levels and extra-budgetary funds;
– repayment of bank loans and interest on loans;
– transfer of funds to state and social insurance bodies;
– contributions of funds to the authorized funds when establishing a joint-stock company, LLC, etc.;
– acquisition of shares, bonds, certificates of deposit, bank bills;
– payment of penalties, fines, penalties, etc.
The payment order is issued by the payer on the form of the established form, containing all the necessary details:
- for the payer and recipient of funds - taxpayer identification number (TIN), name and account number with a credit institution (branch) or a subdivision of the settlement network of the Bank of Russia;
- for credit institutions - their names and locations, bank identification code (BIC) and account number for settlement transactions.
Payment orders are accepted by the bank regardless of the availability of funds in the payer's account. In the absence or insufficiency of funds on the account, payment orders are placed in file cabinet No. 2 and paid as funds are received in the order established by law. In accordance with the legislation, partial payment of payment orders from a file cabinet is allowed, while the bank uses a payment order.
The bank is obliged to inform the payer at his request about the execution of the payment order no later than the next working day after the payer's application to the bank, unless another period is provided by the bank account agreement.
Payment orders are used for settlements in the order of budget payments, i.e. by periodically transferring funds from the buyer's account to the supplier's account at a specific time and in a certain amount based on the plan for the release of goods and the provision of services for the coming month (quarter). Calculations by planned payments are a progressive form of transferring payments, since it is based on the oncoming movement of money and goods. This leads to faster settlements, a reduction in mutual receivables and payables, and enables enterprises to better plan their payment turnover.
Settlements by payment orders have a number of advantages compared to other forms of payment: a relatively simple document flow, faster cash flow, the ability of the payer to pre-check the quality of paid goods and services, the ability to use this form of payment for non-commodity payments.
A letter of credit is a conditional monetary obligation of a bank issued by it on behalf of a client in favor of its counterparty under an agreement under which the bank that opened the letter of credit (issuing bank) can make a payment to the supplier or authorize another bank to make such payments, subject to the submission of documents, stipulated in the letter of credit, and subject to the fulfillment of other conditions of the letter of credit. The letter of credit is intended for servicing only one supplier and cannot be redirected. Payment from a letter of credit is carried out only by bank transfer.
Banks can open the following types of letters of credit:
– covered (deposited) and uncovered (guaranteed);
- revocable and irrevocable.
When opening a covered letter of credit, the issuing bank transfers at the expense of the payer's funds or the loan granted to him the amount of the letter of credit at the disposal of the executing bank for the entire period of the letter of credit. When opening an uncovered letter of credit, the issuing bank grants the executing bank the right to write off funds from its correspondent account within the amount of the letter of credit. The procedure for writing off funds from the correspondent account of the issuing bank under a guaranteed letter of credit is determined by agreement between the banks.
A revocable is a letter of credit that can be changed or canceled by the issuing bank without prior notice to the recipient of funds. Such a letter of credit does not serve as a sufficient guarantee for the seller to receive payment, therefore, it almost never occurs in practice. A letter of credit is revocable unless its text expressly states that it is irrevocable. Irrevocable is a letter of credit that cannot be changed or canceled without the consent of the recipient of funds and on which there is a corresponding mark. Such a letter of credit is a firm obligation of the bank to pay the seller for the supply or service when the latter fulfills all the conditions of the letter of credit. The vast majority of letters of credit are irrevocable.
To open a letter of credit, an application of the payer of the established form is submitted to the issuing bank, which indicates:
– number of the agreement under which the letter of credit is opened;
– validity period of the letter of credit;
- the name of the supplier and the name of the bank issuing the letter of credit;
- the name of the documents serving as the basis for payment under the letter of credit;
- the deadline for their submission and the procedure for registration;
– type of letter of credit and its amount;
- a list of goods, works and services for which a letter of credit is opened, and the terms of shipment;
– method of realization of the letter of credit.
When paying under a letter of credit, the beneficiary's bank (executing bank) is obliged to verify that the supplier complies with all the conditions of the letter of credit, as well as the correctness of the registration of the register of accounts, the compliance of the signatures and seal of the supplier on it with the declared samples. Documents confirming payments under the letter of credit must be submitted by the supplier to the bank before the expiration of the letter of credit and confirm the fulfillment of all conditions of the letter of credit. If at least one of these conditions is violated, no payments under the letter of credit are made.
Closing of a letter of credit in the executing bank is carried out (in the amount of the letter of credit or its balance):
- after the expiration of the letter of credit;
– on the basis of an application by the recipient of funds to refuse further use of the letter of credit before its expiration, if the possibility of such refusal is provided for by the terms of the letter of credit;
- by order of the payer on the full or partial withdrawal of the letter of credit, if such withdrawal is possible under the terms of the letter of credit.
The letter of credit form of payment is the most expensive. It requires additional expenses for the buyer, this is due not only to the large commissions that the bank charges, but also to the fact that most of the letters of credit that Russian firms work with are “covered”. This means that for the duration of the contract, significant funds are withdrawn from the buyer's turnover, equal to the amount of payment under the contract.
The convenience of this form of payment for both the supplier and the buyer is a certain guarantee: timely and complete receipt of payment by the supplier, if the delivery complies with the contract; compliance of the ordered products with the stipulated conditions, which is often controlled by an authorized buyer company.
A check is a security containing an instruction from the issuer of the check to the bank to pay the amount specified in it to the holder of the check. Any legal or natural person who has funds in the bank, which he disposes of by issuing checks in favor of the holder of a check, can be a drawer of a check; the payer is the drawer's bank.
To receive settlement checks in a servicing bank, an application is drawn up in the prescribed form, signed by the head of the enterprise, the chief accountant and certified with a seal. The application specifies the number of checks and the amount of the total need for settlements in checks, which allows you to determine the limit of one check, which must be put on the back of each check. Checkbooks are issued for a fixed term and total payment amount.
There are two types of checkbooks: limited and unlimited. The difference between them is that the receipt of a limited book is accompanied by the deposit of the total amount of the payment on a separate personal account of the drawer. This account shall be credited with the amount of funds deposited from the corresponding account.
An unlimited book does not provide for the deposit of funds. In this case, the cover of the check in the bank is the funds on the corresponding account of the drawer, but not more than the amount guaranteed by the bank in agreement with the drawer when issuing the checkbook. The bank may guarantee the issuer of a check, in the event of a temporary lack of funds on his account, the payment of checks at the expense of the bank's funds.
The check must contain the following mandatory details:
- the name "check" included in the text of the document;
- an order to the payer to pay a certain amount of money;
- name of the payer and indication of the account for payment;
– indication of payment currency;
- indication of the date and place of drawing up the check;
- the signature of the person who issued the check - the drawer. The absence of any of the specified details in the document deprives it of legality. A check that does not contain an indication of the place of its compilation is considered as signed at the location of the drawer.
The rights under a check are transferable, with the exception of a nominal check, which is not transferable.
When paying by checks, it should be remembered that the check must be paid in the full amount for which it was issued, without any commission (in this case, an indication of interest is considered unwritten). A check cannot be withdrawn by the drawer before the expiration of the period established by the internal bank rules for presenting it for payment (submission of a check to the bank by the holder of the check).
If there are no funds on the payer's account or there are not enough of them, payment requests are placed in file cabinet No. 2. At the same time, the executing bank notifies the issuing bank of this by sending it a notice no later than the business day following the day the settlement documents are entered into the file cabinet. The issuing bank, in turn, upon receipt of a notice from the executing bank, brings the notice of filing to the card index to the client.
In Russia, in contrast to international practice, the check form of non-cash payments is less common.
Collection settlements are understood as banking operations in which a credit institution (bank) undertakes, on behalf of and at the expense of the client, to take action to receive the payment amount from the payer. Settlements for collection are made out by a payment request and a collection order.
The payment request contains the requirement of the recipient of funds to the payer to pay a certain amount of money by withdrawing from the payer's current account, is drawn up on a form of the established form and contains, in addition to the details specified in the payment order, such details as: -
terms of payment;
- deadline for acceptance;
- the date of delivery to the payer of the documents stipulated by the contract;
- name of goods (works, services) and date of delivery;
– number and date of the contract;
- numbers of documents confirming the delivery of goods (performance of work, provision of services);
- delivery method and other details - in the "Purpose of payment" field. The specified requirements are put up for collection by the supplier after the shipment of the goods and the issuance of trade documents. The supplier's bank is obliged to send the documents to the payer's bank, collect funds from it and transfer them to the supplier's settlement account. The payer's bank, having received the documents, informs the payer and accepts them for payment only after receiving a preliminary acceptance from him. It is also possible to refuse acceptance.
Payment of settlement documents is made as funds are received to the payer's account in the order established by law. Partial payment of payment requests, collection orders is allowed, which is made by a payment order in the manner similar to the procedure for partial payment of a payment order, with the exception of a note on partial payment.
A collection order is a settlement document, on the basis of which funds are debited from the payers' accounts in an indisputable manner. Collection orders apply:
- in cases where an indisputable procedure for collecting funds is established by law, including for the collection of funds by bodies performing control functions;
- in cases stipulated by the parties under the main agreement, provided that the bank servicing the payer is granted the right to debit funds from the payer's account without his order.
The main types of collection operations are simple (clean) collection and documentary (commercial). In the first case, the bank undertakes to receive money from a third party on the basis of a payment request that is not accompanied by commercial documents, and in the second case, the bank must present commercial documents received from its client. Commercial documents include invoices, shipping and insurance documents, title deeds, and any other non-financial documents.
In general, settlements in the form of collection are widely used in international payments. Payments under contracts are made on the terms of a commercial loan, and foreign banks accept various documents for collection, including, in addition to the bills and checks mentioned above, shares, bonds and others.
This form of settlement involves certain risks and must be secured by trusting counterparties. For the supplier, the risk of late payment of invoices can be reduced by obtaining certain guarantees from the buyer. In this case, the contract can use various legal means to secure payment obligations (surety, bank guarantee, pledge, etc.).
Advantages of this form of calculation:
- for the supplier - banks protect his right to the goods until the payment of documents or acceptance. The right to the goods is given to the payer by documents of title, which he takes possession of after their payment (acceptance). The documents remain at the disposal of the bank until the moment of their payment and, in case of non-payment, are returned to the supplier's bank with an indication of the reasons for non-payment.;
- for the payer, this form of payment allows for maximum savings in foreign exchange resources and often payment for goods (if provided for by the contract) can be made with a delay of up to 30 days from the date the bank receives documents for collection.
Increasing the share of non-interest income is one of Sberbank's strategic goals.
At the end of 2014, the share of net non-interest income in Operating income before retail business reserves was 22.5%.
The main factor behind the growth of non-interest income in the retail business is operations with bank cards, acquiring, payments and transfers.
The growth in the issue of bank cards has significantly accelerated the growth in the volume of transactions on card accounts.
Table 8 - The number of bank cards issued by PJSC Sberbank and the volume of card transactions for 2012-2014
In 2014, the growth in the issue of bank cards increased by 9%, and the turnover on card transactions increased by more than a third. The share of non-cash transactions in the total turnover on cards is growing steadily and increased in 2014 from 19.5% to 23.8%.
In terms of the number of issued cards, Sberbank ranks first in Europe.
As can be seen in Figure 10, the volume of card transactions shows a steady growth.
In 2013, Sberbank introduced new premium cards as part of the Premier tariff plan: Visa Platinum PayWave and World MasterCard Black Edition Paypass
Since July 2013, the credit limit for credit cards has been set at the time of issuance. Customers can receive a card and immediately make the first transaction. The card can be issued according to the passport and another document, and received at any office, regardless of the place of order. The card can also be ordered through Sberbank Online @ yn and then come to the branch for it.
In 2014, the issue of bank cards of the Russian payment system "Universal Electronic Card" (PRO100) was launched throughout Russia; By the end of the year, the volume of issue exceeded 50,000 cards. PRO100 cards are issued in the "Personal" and "Salary" categories and are accepted throughout the acquiring network of Sberbank of Russia, as well as the infrastructure of banks participating in the UEC Payment System.
Table 9 - Number of active sales and service outlets and Turnover in the acquiring trade network of PJSC Sberbank for 2012-2014
The number of active sales and service outlets involved in acquiring services in 2014 increased by 130 thousand to 446.1 thousand.
Sberbank's total commission income from merchant acquiring services in 2014 increased to RUB 30.4 billion (+43% compared to 2013). At the same time, Sberbank's share in the acquiring market increased by 3.2 percentage points to 46.4%.
The annual turnover of bank cards on the Internet increased from 17 billion rubles. up to 47 billion rubles, and the total number of customers using the Internet acquiring service of Sberbank amounted to more than 750 organizations.
In 2012, the Bank introduced offline payment technology on Sapsan high-speed trains, which makes it possible to service bank cards while the train is in motion in the absence of a permanent connection, acquiring MasterCard PayPass and Visa payWave contactless cards and paper check for digital signature).
In 2013, the bank continued to develop a network that accepts MasterCard payPass and Visa payWave contactless cards. 433,000 terminals accept them at trade and service points.
Together with the State Unitary Enterprise Moscow Metro, Sberbank implemented a pilot project to accept Visa PayWave and MasterCard PayPass contactless cards as payment for tickets at metro kiosks. 64 ticket vending machines installed at 10 Moscow metro stations; plans include equipping all stations of the metropolitan subway with automatic machines.
In cooperation with the State Institution “Administrator of the Moscow Parking Space” and LLC “ASPARK”, Sberbank has started accepting bank cards in Moscow parking machines. 350 vending machines, acquiring services for which are provided by Sberbank, have been installed within the Garden Ring. They can pay for parking with Visa and MasterCard bank cards with a magnetic stripe and a microprocessor, as well as Visa payWave / MasterCard PayPass contactless cards.
In July 2013, for the first time in Russia, the acceptance of cards was launched at the Big Ice Arena of the Sochi Olympic Park at a self-service vending machine that operates without a cashier. In total, more than 150 such devices are located at the Olympic venues.
The Bank has successfully implemented an innovative technology of mobile acquiring, which makes it possible to pay for goods and services using magnetic stripe or chip cards using a mobile phone.
As the official acquirer of the 2014 Olympics, Sberbank, in cooperation with the Sochi 2014 Organizing Committee and the ticket operator of the Olympic Games, organized payment for tickets for the games with bank cards. The bank also provided acquiring for the exchange of purchased tickets for the Olympic events by fans.
At the end of 2012, Sberbank's share in the pension payment market increased by 5.3 percentage points, exceeding the bar of 50% for the first time, and as of January 1, 2013 it was 51.4%. In 2012, 3.3 million pensioners were attracted to receive pensions through Sberbank (excluding mortality), more than 1 million of them through consultation points in PFR divisions.
In 2012, the Bank increased its share in the payroll market by 5.7 p.p. and exceeded the mark of 37%. More than 28 million individuals regularly receive wages on the Bank's cards.
Sberbank has launched a new technology that has simplified the process of paying wages to customer employees. It is enough for an enterprise to provide the Bank with a register using the Sberbank Business Online @ yn system - a list of employees and amounts payable. After that, in online mode, subject to the availability of funds in the company's current account, wages are instantly credited to employees' cards. The process is fully automated, the Bank's operational employees do not take part in it, and the possibility of operational errors is completely excluded.
The number of working payroll cards in 2013 increased by 1.9 million to 21.1 million. The volume of salary transfers increased by 28% to RUB 6,273 billion.
The number of pensioners receiving a social pension through Sberbank has increased. At the same time, the share of pensioners receiving pensions through Sberbank increased.
Since July 2013, all new Sberbank Visa and MasterCard cards have been equipped with a chip, which significantly increases the level of security of the data stored on the card and is an effective method of combating skimming. Cards with a chip are more secure than cards containing only a magnetic strip: all transactions require a PIN code, information from the chip cannot be copied. In addition, the entire network of Sberbank self-service devices and sales and service outlets is equipped to accept chips, which allows transactions to be carried out on a chip, and not on a magnetic strip, which remains on the card according to the requirements of payment systems.
Cards without PIN envelopes are issued throughout the network: at the time of receiving the card at the branch, the client can choose a PIN code that is easier for him to remember. Previously, this technology was used for instant issuance cards, now it is used for all cards.
Sberbank has successfully launched a Campus Card pilot project at Mari State University. Students received a multifunctional card, which is the key to managing a bank account and is integrated into the infrastructure of the university: pass, grade book, access to the electronic library.
SMS informing the client about the issue of a card in his name has been introduced, which can significantly reduce the risk of unauthorized issuance of bank cards.
The most significant service of the Bank in terms of the number of transactions remains the acceptance of household payments (money transfers in favor of legal entities). Their volume for 2012 amounted to 2,446 billion rubles, and the total number of accepted payments amounted to more than 1.1 billion. At the same time, there was a steady increase in the number of payments made in non-cash form (the increase in the number of payments from customer accounts exceeded 70%). This dynamics is largely ensured by expanding the range of possible payments in information and payment terminals, the development of mobile and Internet banking, as well as the active growth of the client base of the Autopayment service.
Taking into account the high share of the Bank in the market of payments to the budgetary system of the country, services in this area also affected optimization. Thanks to the launch of a federal service for making payments to the Federal Tax Service based on the document index, the share of non-cash payments to the budget increased from 2.5% to 8% over the year.
Another new service in 2012 was the ability to repay loans issued by other banks through information and payment terminals. During the year, loans from third-party banks were repaid for more than 15 billion rubles.
In 2012, the Bank successfully developed the "Auto payment" service, which allows you to automatically pay for housing and communal services, fixed and cellular telephony services, Internet access services from a bank card account. The number of customers using this service as of January 1, 2013 exceeded 6.7 million people.
In December 2012, Sberbank took an important step towards increasing its presence in the fast-growing Internet payments market: a decision was made to combine the Bank's infrastructure with the Internet technologies of Yandex. Sberbank has signed an agreement to acquire a 75% stake minus 1 ruble in Yandex.Money.
In 2012, the volume of money transfers between individuals increased by half. Card-to-card transfers developed most dynamically due to their convenience: the volume of transfers grew by more than 2.5 times over the year to almost 1 trillion rubles.
In 2013, Blitz translations were rebranded - now it is a Hummingbird product. Hummingbird internal transfers have been improved to work online: transfer across the country takes less than 10 minutes.
Sberbank continues to develop the Autopayment service. For the convenience of customers, the ability to set a daily limit on the amount of Autopayments for cellular communications has been introduced. 21.5% of payments for cellular communications are made using Autopayments. The number of customers using the Autopayment service for cellular communication exceeded 10.8 million people. In general, the Bank's share in the market of payments for cellular communications exceeded 30%.
The Bank has expanded the functionality of the "Auto payment for housing and communal services" service - the number of organizations in whose favor the service can be connected has increased. The number of clients of the Autopayment Housing and Public Utilities service has increased to 2 million people. Automatic payment of loans from third-party banks has been launched. For the first time, the Moscow Bank launched "Autopayment" for free details, which allows you to automate any regular payment for a client.
In 2014, there was a steady growth in payments from individuals to legal entities across all major types of payments. The average number of payments increased by 27% and amounted to 10 million per day. Sberbank has become the leader in accepting payments for housing and communal services, where the bank occupies 35% of the market, and for cellular communications - 39% of the market. This result was achieved thanks to the active development of non-cash payments through the channels of the Mobile Bank SMS service and Sberbank Online. In total, 19.6 million Sberbank customers signed up for the Autopayment service (+35% for the year). The number of subscribers to the "Autopayment - Cellular Communications" service reached 12.9 million people. 6.7 million people in more than 100 cities of Russia use the Autopayment service for housing and communal services.
In 2014, the volume of transfers increased significantly. The increase was 60%, the total amount of transfers for the year was 4.3 trillion rubles. Growth was provided mainly by card transfers.
The growth in the volume of non-cash payments and transfers was facilitated by the development of services provided by Yandex.Money, a subsidiary of Sberbank. In 2014, as part of the integration program with Yandex.Money, Sberbank continued to improve payment solutions, expand the range of joint services and expand its customer base. Sberbank has become the main channel for replenishing Yandex.Money e-wallets with a replenishment volume of more than 1 billion rubles per month. The areas of distribution of digital goods of Yandex.Money partners in Sberbank Online and the replication of the Pay with Sberbank solution in Yandex.Money products are actively developing.
Conclusion
I did an internship for 23 days at the CCHB PJSC Sberbank 8593/04, Lipetsk, in the department for working with individuals. At the beginning of my practice, I studied the necessary regulatory and legal framework for working in the department for working with individuals:
Rules of the Bank of Russia No. 205-P dated 05.12.2002 "Rules for accounting in credit institutions located in the territory of the Russian Federation";
2. Regulation of the Bank of Russia No. 2-P dated 03.10.2002 “On non-cash payments in the Russian Federation”;
3. Regulation of the Savings Bank of Russia No. 662-r dated 12/14/2000 "On the Operational Department of the Central Office of the Savings Bank of Russia";
4. Rules of the Savings Bank of Russia No. 304-2-r dated 04.11.2000 "Document flow rules and technology for processing accounting information in the Savings Bank of Russia";
5. Regulation of the Savings Bank of Russia No. 355-3-r dated March 27, 2002 “On Conducting Interbranch Settlements in the Savings Bank of Russia”;
6. Rules of the Savings Bank of Russia No. 881-2-r dated March 13, 2003 "Rules of internal control in order to counteract the legalization (laundering) of proceeds from crime and the financing of terrorism";
7. Order No. 814-3-r dated April 14, 2004 “Procedure for opening, closing and maintaining accounts of legal entities by Sberbank of Russia and its branches”.
It was in practice at Sberbank that I had the opportunity to compare the theoretical foundations and knowledge with practical activities.
I got acquainted with all forms of non-cash payments and worked with the following settlement documents: payment orders, checks, payment requests, collection orders, payment orders and memorial orders.
I learned how to process and pay out the Hummingbird transfer, make cashless payments with individuals. persons, transferring funds from a card to a Sberbank card.
Since, in accordance with the services of the bank, it is possible to provide account statements (at the request of the client), provide a statement of current account transactions, provide a duplicate of the account statement, provide a duplicate of the payment document at the request of the client, as well as perform currency control, clarify details and etc., then, accordingly, Sberbank collects a commission fee, which is issued by a memorial order.
To the process of getting acquainted with the document flow of the department, every day I registered payment requests in a special journal for registering payment requests, where I indicated the date of the request, the payer's account number, the name of the recipient and the amount. I also registered collection orders in another special journal, but their recording required the signature of the controller in charge of a particular organization.
The work actually turned out to be very laborious and gave rise to many questions from my side to the manager and helped to understand the intricacies of the workflow.
I find the advantages of my practice in that I got acquainted with a large amount of information on which banking activities are based, got acquainted with the computer work programs of Sberbank and acquired the skills to work with its internal documentation.
Having studied the measures that are proposed to improve the payment system, it was found that the proposed measures will significantly change the payment system of the Russian Federation, improve monetary policy, expand cashless payments, introduce modern technologies and methods of information transfer. Servicing of all settlement participants should become more efficient and reliable. These measures will make it possible to stabilize the payment system, bring it closer to world standards, and ensure the financial stability of monetary policy.
List of sources used
1 Civil Code of the Russian Federation (Part 2): Federal Law of January 26, 1996 No. 14-FZ (as amended on November 30, 2011)
2 On banks and banking activities: Federal Law of December 2, 1990 No. 395-1 (as amended on December 3, 2012).
3 On the Central Bank of the Russian Federation (Bank of Russia): Federal Law of July 10, 2002 No. 86-FZ (as amended on December 3, 2012).
4 On the national payment system: Federal Law of June 27, 2011 No. 161-FZ;
5 On the rules for making money transfers: Bank of Russia Regulation No. 383-P dated June 19, 2012.
6 On the rules for the exchange of electronic documents between the Bank of Russia, credit institutions (branches) and other clients of the Bank of Russia when making settlements through the settlement network of the Bank of Russia: regulation of the Bank of Russia dated March 12, 1998 No. 20-P
7 On the issue of bank cards and on transactions made with the use of payment cards: regulation of the Bank of Russia dated December 24, 2004 No. 226-P
8 On the rules for maintaining accounting records in credit institutions located on the territory of the Russian Federation: regulation of the Bank of Russia dated July 16, 2012 No. 385-TT.
9 Trachuk A. V. Prospects for the development of non-cash retail payments / A. V. Trachuk / / Finance and credit. - 2012. - No. 7. – S. 24-32
10 Cash and electronic means of payment: problems, trends // Finance and credit. - 2012. - No. 7. – pp. 3-23
11 National payment system of Russia: problems and development prospects / NA. Savinskaya [and friend]; ed. Dr. Econ. sciences, prof. ON THE. Savinskaya, doctor of windows, sciences, prof. G.N. Beloglazova. - St. Petersburg. : Publishing House of St. Petersburg State University of Economics, 2011. - 131 p.
12 Kokorev N. Cashless payments // Financial newspaper. Regional issue.-2010.-No. 25.- P. 32.
13 Devyatlovsky V. N. Principles of organization of cashless payments / V. N. De-Vyatlovsky / / International Journal of Applied and Fundamental Research. 2012. - No. 12. – pp. 107-109
14 Devyataeva N.V. Problems of improving the system of cashless payments in Russia / N.V. Devyataeva / / Money and credit. - 2011. - No. 9. - pp. 3-11
15 Berezina M.P. Cashless payments in Russia: features of the organization and directions of improvement // Finance and Credit, - 2011. - No. 5. - S. 24.
16 Bulatov M.A. Improving non-cash payments // Accounting and banks. 2011. -№4.-S. 28.
17 www.sbrf.ru Official website of Sberbank of Russia 18 www.cbr.ru Official website of the Bank of Russia
19 Sberbank of Russia Annual Report 2012
20 Sberbank of Russia Annual Report 2013
21 Sberbank of Russia Annual Report for 2014
Report on practice in PJSC Sberbank updated: July 31, 2017 by: Scientific Articles.Ru
2.1 Organizational and economic characteristics of Sberbank of Russia
Joint Stock Commercial Savings Bank of the Russian Federation (Sberbank of Russia) was established in the form of a joint stock company, open type in accordance with the law of the RSFSR "On banks and banking activities in the RSFSR". The founder and main shareholder of Sberbank of Russia is the Central Bank of the Russian Federation (CBR), which owns more than 60% of the shares of the bank's authorized capital. Its shareholders are also 200 thousand legal entities and individuals. Sberbank of Russia was registered on June 20, 1991 with the Central Bank of the Russian Federation. The Bank is a legal entity and, with its branches and other separate divisions, forms a single system of Sberbank of Russia. The main purpose of the bank's activity is to attract funds from individuals and legal entities, to carry out credit and settlement operations and other banking operations and transactions with individuals and legal entities for profit.
The Bank carries out the following operations: attracts funds from individuals and legal entities in deposits (on demand and for a certain period); places the above funds on its own behalf and at its own expense; opens and maintains bank accounts of individuals and legal entities, carries out settlements on behalf of clients; collects cash, bills of exchange, payment and settlement documents and provides cash services to individuals and legal entities; buys and sells foreign currency in cash and non-cash forms; attracts deposits and places precious metals; issues bank guarantees; carries out money transfers on behalf of individuals without opening bank accounts; carries out leasing operations; provides brokerage, consulting and information services; issues and maintains bank cards; carries out the issue, purchase, sale, accounting, storage and other operations with securities, and much more.
The organizational structure of Sberbank of Russia consists of: a general meeting of shareholders, a supervisory board; board, central office; territorial banks; branches; internal structural divisions organizationally subordinate to departments (Appendix 1).
The Management Board of Sberbank of Russia is engaged in planning the bank's activities for the short and long term. In 2001, the Concept for the Development of Sberbank of Russia until 2005 was adopted. Based on the results of the measures taken, it can be said that Sberbank of Russia has developed as a universal bank, directing efforts to improve service to all customer groups, create a system that is resistant to possible economic shocks, ensure the necessary level of banking efficiency in the face of declining profitability of financial instruments and reducing interest margins. . The Bank has satisfied the growing demand of individuals and legal entities for credit resources, has achieved a significant improvement in its market and economic performance. In the face of increasing competition, the bank retained its dominant position in the retail markets by optimizing the product range and pursuing a flexible interest rate policy.
Thus, targeted efforts to develop business and ensure the efficient operation of the bank made it possible to ensure the achievement of all financial targets, maintain the return on equity at the level of 25% - 31%, and reduce the cost-to-income ratio from 63% to 46%.
Providing the necessary capital for business development and covering risks, the bank used cost-effective methods to increase its own funds. In 2001, the issue of shares was carried out, which made it possible to increase the nominal value of the authorized capital by a third, and in February 2005 the bank attracted a subordinated loan in the amount of 1 billion US dollars for a period of 10 years, a revaluation of fixed assets was carried out. The strengthening of the position of Sberbank of Russia is associated with the positive dynamics of market capitalization, an increase in investment attractiveness, and the assignment of investment grade ratings.
In 2007, the Board of the bank adopted a new Development Concept for Sberbank of Russia until 2012, the main goal of which is to ensure the growth of investment attractiveness, maintain leadership in the Russian financial services market by modernizing management and technological processes. The first step of this Concept has been completed successfully. In 2007, Sberbank of Russia met all economic indicators, which can be seen from the data in Table 1. Net assets under Russian financial reporting standards increased by 37.1% to 3,477.6 billion rubles, which is more than a quarter of the assets of the Russian banking system. The bank's loan portfolio is growing dynamically. In 2007, it was equal to 2,619.0 billion rubles, including loans to corporate clients - 1,949.8 billion rubles, which is 38% more than the previous year; loans to individuals - 692.7 billion rubles, which is twice as much as in 2005. At the same time, the quality of the loan portfolio remains at a high level: the share of overdue loans in 2007 does not exceed 1.1%. Sberbank of Russia ensured further growth in private customer deposits. The balance of funds on their accounts reached 2,028.6 billion rubles, which is 35.2% more than the balance of funds of individuals in 2006. Also in 2007 there was an increase in attracted funds of corporate clients by 49.7% against 19.7%.
The capital of Sberbank of Russia for the period from 2006 to 2007 grew by 26.7% and amounted to 255.0 billion rubles. The value of the bank's capital adequacy ratio (N1) exceeds the limit set by the Central Bank of the Russian Federation by 1.8%, which indicates the capital adequacy to cover the main types of banking risks and current operating expenses and the bank's potential in developing lending operations. The assessment and control of liquidity risk makes it possible to ensure the necessary level of the bank's assets to fulfill its obligations at any time interval.
Table 1. Dynamics of the main performance indicators of Sberbank of Russia for 2005-2007
| Key performance indicators of the bank | years | Deviation, | Growth rate, % | |||||
| 2005 | 2006 | 2007 | 2005 -2006 | 2006 -2007 | 2005 -2006 | 2006 -2007 | ||
| Balance figures | ||||||||
| Assets - net, billion rubles | 1 944 | 2 537 | 3 478 | +593 | +940 | 130,5 | 137,1 | |
| Loans to corporate clients, billion rubles | 1 112 | 1 413 | 1 950 | +301 | +537 | 127,1 | 138,0 | |
| Loans to individuals, billion rubles | 266 | 468 | 693 | +202 | +225 | 176,0 | 148,1 | |
| Overdue loans, billion rubles | 19 | 20 | 29 | +1 | +9 | 100 | 147,7 | |
| Own funds (capital) of the bank, billion rubles | 174 | 255 | 323 | +82 | +68 | 147,0 | 126,7 | |
| Attracted funds of corporate clients, billion rubles | 453 | 543 | 812 | +89 | +269 | 119,7 | 149,7 | |
| Deposits of individuals, billion rubles | 1 184 | 1 500 | 2 029 | +316 | +528 | 126,7 | 135,2 | |
| Income Statement Items | ||||||||
| Net profit, billion rubles | 44 | 63 | 88 | +19 | +25 | 144,1 | 139,6 | |
| commission income, billion rubles | 32 | 54 | 74 | +23 | +19 | 171,2 | 135,6 | |
| Personnel and branch network | ||||||||
| Branch network, subdivisions | 20 222 | 20 270 | 20 101 | +48 | -169 | 100,2 | 99,2 | |
| Average number of employees, people | 228 531 | 235 116 | 243 620 | +6 585 | +8 504 | 102,9 | 103,6 | |
| Performance indicators | ||||||||
| Return on equity, % | 26,3 | 27,8 | 28,6 | +1,5 | +0,8 | X | X | |
| Return on assets, % | 2,5 | 2,8 | 2,9 | +0,3 | +0,1 | X | X | |
| Capital adequacy, % | 11,1 | 12,1 | 11,7 | +1,0 | -0,4 | X | X | |
According to Table 1, net profit exceeded the financial result of the previous year by 24.9 billion rubles and amounted to 87.9 billion rubles. The main driver of net profit growth was the systematic increase in business volumes and increase in income from core activities. Fee and commission income ranks second in the income structure after interest income from lending operations. By the end of 2007, they amounted to 73.5 billion rubles, which is 35.6% more than in 2006. The increase in net profit was also supported by a decrease in the intrinsic cost of services, achieved by the bank through purposeful work to improve the efficiency of the staff. The main external factor that had a positive impact on profit growth in 2007 was the development of the Russian economy and, as a result, an increase in consumer and business activity, which contributed to the growth of the client base and sales of all products and services of the bank. The return on equity, calculated as the ratio of net profit to the value of the bank's capital, increased by 0.8% in 2007 and was at the level of 28.6%, while the return on assets, calculated as the ratio of net profit to the value of assets - net, increased by 0 .1% and amounted to 2.9%.
Thus, the bank ensures high profitability while maintaining a relatively low level of risk in its operations. Thus, the level of credit risk, calculated as the ratio of created provisions for loans to the balance of loan debt, at the end of 2007 is 3.6%, having decreased over the period from the end of 2006 by 0.4%.
Sberbank of Russia continues to actively develop its branch network, which was replenished with new modern offices in the reporting year. In 2007, 169 bank branches were reorganized in 2007 in order to optimize the management structure of the branch network at the level of constituent entities of the Russian Federation by merging branches and forming on their basis large management centers that ensure efficient business development. In order to implement one of the main tasks of the development of the bank's branch network for 2007 - optimization of the territorial location of the branch network, taking into account the concentration of current and potential demand for banking products and services - 205 new banking divisions were opened in the past year, including an increase in the share of divisions open in rural areas and the share of mobile points of cash transactions. In 2007, measures were taken to expand the list of products and services provided by banking divisions in order to expand the possibilities of customers.
In 2007, significant efforts in the work of the personnel were aimed at meeting the bank's needs for qualified personnel, priority staffing and development of departments involved in servicing corporate and private clients, medium and small businesses, project financing, and investments in the stock market. As a result, over the year, the total increase in the actual number of employees of the bank amounted to 3.6%. Much attention is paid to staff development, including young workers.
The achievements of the bank and its impeccable reputation in our country and abroad are confirmed by the high ratings of the leading international rating agencies. In 2007, Moody's confirmed the bank's ratings on an international scale: a long-term rating of deposits in foreign currency Baa2, a short-term rating of deposits in foreign currency Prime-2 - and set a financial strength rating of D. At the same time, Fitch Ratings upgraded the bank's ratings on an international scale : the long-term rating of Sberbank of Russia was raised from BBB to BBB+, the short-term rating in foreign currency - from F3 to F2. The BBB+ level is the highest rating for Russian companies.
Thus, Sberbank of Russia has combined deep traditions and vast professional experience with the best world achievements. Confidence in the bank was strengthened by a transparent share capital structure and high quality of corporate governance, which was reflected in maintaining its rating at the country level and formed the prerequisites for further growth in market capitalization and investment attractiveness.
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Sberbank is Russia's largest diversified financial structure successfully developing commercial banking, investment and private banking, as well as leasing and asset management. The principles of doing business for the corporation are efficiency, reliability and transparency.
PJSC Sberbank of Russia is one of the largest Russian banks. According to rating studies, PJSC Sberbank of Russia occupies a leading position among Russian banks in terms of assets, capital, corporate and retail loans and deposits. The central office of the Bank PJSC "Sberbank of Russia" is located in Moscow. In the private deposit market, Sberbank owns 50.5%. He also owns 30% of all loans issued in Russia. Sberbank ranks first in the rating of banks in the Russian Federation. As a result of a recent IPO, 33% of the shares were in the hands of institutional investors, and 5% were held by private individuals. In total, the bank has 200 thousand shareholders. It accounts for 26% of the assets of the Russian banking system and 51.5% of deposits of individuals. This is the only bank that the Central Bank controls not only as a regulator, but also as a shareholder owning 57.6% of its shares. From October 2007 to the present day, Sberbank has been headed by the former Minister of Economic Development German Gref, who, in particular, is going to make the bank's loans more accessible to the population.
Acting in the interests of depositors, clients and shareholders, the Bank seeks to effectively invest attracted funds from private and corporate clients in the real sector of the economy, lends to citizens, contributes to the stable functioning of the Russian banking system and saving household deposits.
The goals and subject of activity of Sberbank of Russia PJSC are:
- - attraction of funds from legal entities and individuals (clients) and their placement on the terms of repayment, payment, urgency;
- - implementation of settlement and cash services for customers;
- - carrying out operations with foreign currency and securities, other banking operations;
- - ensuring the safety of funds entrusted to the bank.
PJSC Sberbank of Russia performs the following banking operations and services:
- - acceptance, issuance of deposits and other types of savings;
- - accepting payments from customers;
- - long-term and short-term lending to individuals and legal entities;
- - sale, purchase and management of government securities;
- - sale of lottery tickets;
- - providing clients with individual safes for temporary use for storing documents and valuables;
- - provision of brokerage and consulting services, leasing and trust operations;
- - acquisition of rights of claim arising from the supply of goods and provision of services, taking the risk of fulfilling such claims and collection of these claims (forfaiting);
- - representation of interests of enterprises, organizations in financial and economic bodies;
- - implementation of settlements on behalf of clients, their cash services, as well as services for the collection and transportation of money and valuables;
- - maintenance of customer accounts;
- - issuance and payment, purchase and sale, storage of payment documents and securities (bonds, checks, letters of credit, bills of exchange, shares, etc.) and other operations with them;
- - carrying out currency exchange and other currency transactions in accordance with the procedure established by Sberbank of Russia;
- - issuance of guarantees to secure obligations for third parties, providing for execution in cash, in accordance with the procedure established by Sberbank of Russia;
- - other operations for banking customer service in accordance with the license of the Central Bank of the Russian Federation and with the permission of the Savings Bank of Russia.
The main activities of the Bank:
- * lending to Russian enterprises;
- * lending to private clients;
- * investment in government securities and bonds of the Bank of Russia;
- * Operations on a commission basis.
Organizational structure of the department
Basic conditions of the credit policy.
Loans are provided to individuals - citizens of the Russian Federation over the age of 18, provided that the loan repayment period under the agreement:
with differentiated payments - comes before the borrower turns 75 years old;
for annuity payments - limited to the working age of the borrower.
Loans are provided:
at the place of permanent residence (registration) of the Borrowers, in case of temporary registration for the duration of the registration;
at the location of the enterprise - the employer of the Borrower, the client of the Bank, if there is an employment contract for an indefinite period between him and the borrower
Loans in the amount of up to 45,000 rubles, inclusive, can be provided without collateral, over 45,000 rubles, it is necessary to have collateral for the timely and complete fulfillment of obligations by the borrower.
2.1 Organizational and economic characteristics of the activities of PJSC Sberbank of Russia
Historically, PJSC "Sberbank" of Russia counts its foundation from the date of the decree of Emperor Nicholas I on the creation of savings banks, signed on October 30 (November 12), 1841. “In respect of the benefits that Savings Banks can bring both in economic and moral terms,” the Decree said, “We command: to establish, on the basis explained in the Charter, Savings Banks for the first time under the St. Petersburg and Moscow Safe Treasuries.” The opening of the first savings bank took place in St. Petersburg on March 1, 1842 in the building of the Board of Trustees at 7 Kazanskaya Street. In this building, built in 1810 by the architect G. Quarenghi, the St. Petersburg cash desk worked until 1917. On the opening day, the cash desk was visited by 76 depositors who issued invoices in the amount of 426.5 rubles. The first client of the savings bank was Nikolay Antonovich Kristofari, a court adviser, assistant to the Director of the Expedition of the St. Petersburg Loan Treasury, who, with his 10-ruble contribution, laid the foundation for the Russian savings business. He was issued a savings book under No. 1. The Moscow cash desk opened its doors to clients on April 5, 1842 in the building of the Board of Trustees of the Orphanage on Solyanka. Until 1862, it remained the only savings bank in the city that did not have branches, as well as Petersburg.
PJSC Sberbank of Russia continues to actively develop remote sales channels, in particular, by expanding the network of self-service devices. Another remote service is successfully developing - Sberbank of Russia PJSC OnL @ yn. The number of its active users exceeds 9 million clients. Clients were provided with new versions of Sberbank Online applications for iPhone, iPad and Android, as well as an application for Windows Phone. PJSC Sberbank of Russia has a unique branch network, which currently includes 14 regional banks and more than 16,000 branches in 83 constituent entities of the Russian Federation located in 11 time zones. The Bank's foreign network consists of subsidiaries, branches and representative offices in the CIS, Central and Eastern Europe, Turkey, Great Britain, the USA and other countries.
The main activities of Sberbank of Russia PJSC are banking operations:
· Operations with corporate clients: servicing settlement and current accounts, opening deposits, providing financing, issuing guarantees, servicing export-import operations, cash collection, conversion services, money transfers in favor of legal entities, etc.
· Operations with retail clients: accepting funds in deposits and securities of the Bank, lending, servicing bank cards, operations with precious metals, buying and selling foreign currency, payments, money transfers, storage of valuables, etc.
· Operations in financial markets: with securities, derivative financial instruments, foreign currency, etc.
The financial and economic performance indicators of PJSC Sberbank of Russia are presented in Table 1. The data in Table 1 allow us to formulate the following conclusions:
· Net profit for the 1st half of 2016 was at the level of 229.4 billion rubles, which is almost 3 times higher than the result of the 1st half of 2015 (81.6 billion rubles). The main driver of profit growth is the growth of net interest income due to an increase in the volume of working assets, as well as a decrease in the level of interest rates in the market and the replacement of government financing with customer funds.
Table 1
Financial and economic performance indicators of Sberbank of Russia PJSC
· The total capital of the Bank, calculated in accordance with the Regulation of the Bank of Russia dated December 28, 2012 No. 395-P "On the methodology for determining the amount of equity (capital) of credit institutions (Basel III)", increased compared to January 1, 2016 by 117.2 billion rubles, up to 2,775.3 billion rubles. Earned profit became the source of capital growth. The return on assets increased from 0.8% to 2.0% due to the growth in net profit.
Return on equity for the 1st half of 2016 increased from 8.0% to 18.9% due to an increase in net profit .
· Net assets decreased compared to January 1, 2016 by 3.7%, or 0.8 trillion. rubles, up to 21.9 trillion. rubles. The dynamics of net assets was strongly influenced by the negative revaluation of foreign currency balance sheet items as a result of the strengthening of the ruble. Thus, the net loan debt compared with the beginning of the year decreased by 0.7 trillion. rubles, or by 4.0%, which was the result of the revaluation of foreign currency loans to legal entities and non-resident banks. Also, the dynamics of net loan debt was influenced by the investment of part of the funds previously placed in loans to banks in more profitable instruments, in particular, in securities. Net investments in securities and other available-for-sale financial assets increased by 16.1% or $0.4 trillion. rubles to 2.7 trillion. rubles. The growth of investments in subsidiaries and affiliates is associated with the pre-capitalization of subsidiaries. Reduction of cash balances since the beginning of the year by 0.3 trillion. rubles, or by 34.4%, which took place mainly in January, due to the seasonal decline in demand for cash compared to the period of the New Year holidays. 12
· Clients' funds remain the basis of the Bank's resource base. Since the beginning of the year, their balance has decreased by 0.7 trillion. rubles, or by 3.9%, to a value of 17.0 trillion. rubles. The negative revaluation of currency balances affected the dynamics of customer funds.
· The financial result (including other comprehensive income from the revaluation of securities for sale) amounted to 295.1 billion rubles, which is 89.3 billion rubles or 43.4% more than the same period last year.
Liquidity indicators of Sberbank of Russia PJSC are presented in Table 2. commercial deposit bank
In the 1st half of 2016, the total assets of Sberbank of Russia PJSC decreased by 831 billion rubles and in the 2nd quarter amounted to 21,876 billion rubles (against 22,707 billion rubles at the beginning of the year) .
The main factors that determined the dynamics of assets were:
· decrease in the amount of net loan debt (decrease over the year by 682 billion rubles to the level of 16,188 billion rubles);
· decrease in the amount of cash by RUB 252 billion due to lower demand for cash from customers;
revaluation of assets at fair value through profit or loss (for 2015 - by 155 billion rubles),
· Growth in investments in securities and other financial assets available for sale, as well as an increase in investments in subsidiaries and affiliates (total by 598 billion rubles over half a year).
table 2
Liquidity ratios of Sberbank of Russia PJSC
|
Symbol (number) of the standard |
Name of the regulation |
Permissible value of the standard |
The actual value of the standard |
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Capital adequacy |
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Capital adequacy |
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Adequacy of own funds (capital) |
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Instant liquidity |
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current liquidity |
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Long-term liquidity |
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Maximum exposure per borrower or group of related borrowers |
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Maximum size of large credit risks |
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The maximum amount of loans, bank guarantees and guarantees provided to shareholders (participants) |
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Cumulative insider exposure |
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Use of own funds (capital) for the acquisition of shares (shares) other legal entities. persons |
The main reason for the decrease in the amount of liabilities in the 1st half of 2016 by 1,062 billion rubles was the outflow of funds from customers that are not credit institutions (for the 1st half of the year - 696 billion rubles) and the outflow of funds from credit institutions by 194 billion rubles. Client funds remain the main source of the resource base. In addition, the Bank completely abandoned expensive borrowings within the framework of the main refinancing instruments of the Bank of Russia - direct REPO and loans secured by non-marketable assets under 312-P in the amount of 200 billion rubles - which was the result of the Bank's flexible interest rate policy and effective management of active and passive base in the 1st half of 2016. On January 1, 2016, a new mandatory ratio of the Bank of Russia came into force - the short-term liquidity ratio (“Basel 3”) N26. N26 is calculated for the Group of PJSC Sberbank of Russia. The minimum allowable value of the standard for 2016 is 70%, followed by an annual increase of 10 percentage points until reaching 100% from January 1, 2019. The value of the standard in the second quarter was 99.9%11. The business plan of Sberbank PJSC provides for unconditional compliance with the Bank of Russia limit on the short-term liquidity ratio throughout 2016.
The Bank's instant liquidity ratio (N2) regulates the risk of a bank losing liquidity during a business day (the Bank of Russia limit is 15%). Compared to July 1, 2015, the H2 ratio decreased by 2.46 and as of July 1, 2016 amounted to 105.01%.
The Bank's current liquidity ratio (N3) reflects the risk of the Bank losing solvency within 30 days (the Bank of Russia limit is 50%). Over the year, the N3 ratio decreased by 17.30 p.p. and as of July 1, 2016, amounted to 148.93%. The Bank's long-term liquidity ratio (N4) reflects the risk of the Bank losing liquidity as a result of placing funds in long-term assets (the Bank of Russia limit is 120%). From July 1, 2015, the N4 ratio decreased by 5.42 and as of July 1, 2016 amounted to 63.87%. The Bank respects the limit values of mandatory liquidity ratios established by the Bank of Russia with a reserve.
In recent years, PJSC "Sberbank of Russia" has done a lot of work, which ensured the final formation of the main groups of competitive advantages, namely:
· Significant customer base. Sberbank of Russia PJSC successfully works with clients in all segments (from retail clients and individual entrepreneurs to the largest holdings and transnational companies) in all regions of the country.
Huge scale of operations. PJSC Sberbank of Russia has undeniable advantages both in terms of business scale (size of transactions, access to resources, international ratings) and in terms of the size and quality of physical infrastructure (in particular, a unique distribution network for retail and corporate clients, including physical offices, ATMs and payment terminals, digital service channels).
· A wide range of financial products and services. Due to the presence in the Group's product line of a full range of operations for all groups of clients in all countries of presence, PJSC Sberbank of Russia can provide comprehensive services to each client, both in Russia and abroad. The Bank also has a unique opportunity to provide high-quality services to both individuals and legal entities at the same time.
· Industrial technologies. Over the past 5 years, Sberbank of Russia has managed to create a solid foundation for further innovative development: an industrial risk management system has been built, the operational function has been consolidated, and IT processes and systems have been significantly streamlined.
· Powerful brand. The competitive advantage of PJSC Sberbank of Russia is based on the trust of all categories of customers, which is supported by the quality of service and positive customer experience. Over the past 5 years, the brand of PJSC Sberbank of Russia, along with our traditional attributes of reliability and stability, has increasingly become associated with modern technologies and innovation, and has become a symbol of the Group's success.
· International presence. In recent years, PJSC Sberbank of Russia has significantly expanded its international presence and has become a truly international group. Our presence in 22 countries of the world gives us the opportunity to replicate the best technologies and practices within the Group, diversify risks, strengthen the brand in international markets, and develop an international team of employees.
· Team and management technologies. Over the past 5 years, the Group's team has been significantly updated, strengthened its skills, and gained a unique experience of large-scale transformation. Also, PJSC Sberbank of Russia paid considerable attention to the development and large-scale replication of modern management technologies, for example, building a function for working with personnel, implementing tools of the Production System of PJSC Sberbank of Russia, and improving the efficiency of managing current activities.
The medium-term development plans of PJSC Sberbank of Russia are determined by the Development Strategy for the period 2014-2018. In accordance with the Strategy, over the next five years, the Sberbank of Russia Group plans to double its net profit and assets, significantly improve the efficiency of cost management, increase the Tier 1 capital adequacy ratio, and maintain the return on equity at a level above world peers .
It is planned to achieve these results through work in the following key areas:
· Strengthening competitive positions - maintaining or increasing the share of Sberbank in most markets. This will ensure growth rates of the Bank's business volumes exceeding the average market indicators. At the same time, the products of settlement and cash services, work with small and medium-sized businesses will be especially significant.
· Ensuring a faster growth rate of non-credit income - as a result of developing relationships with customers and expanding the product offer, increasing the number of products per customer by an average of 50-70%.
· Ensuring high efficiency in cost management - as a result of the implementation of large-scale transformations in the organization of the sales and customer service system, improving the efficiency of operations and processes, aimed at a significant increase in labor productivity.
· Maintaining a high quality of assets - building an optimal ratio of profitability and risk in lending operations.
Achievement of the financial objectives of the strategy is closely linked to the successful progress of the Bank in the five main areas of development or strategic themes, also formulated in the Strategy:
· With a client for life: we will build very deep trusting relationships with our clients, become a useful, sometimes invisible and integral part of their lives. Our goal is to exceed our clients' expectations;
· Team and culture: we strive to ensure that our employees and the corporate culture of Sberbank of Russia become one of the main sources of our competitive advantage;
· Technological breakthrough: we will complete the technological modernization of the Bank and learn how to integrate all the latest technologies and innovations into our business;
· Financial performance: we will improve the financial performance of our business through better management of costs and risk/return ratio;
· Mature organization: we will develop organizational and management skills, create processes that correspond to the scale of the Sberbank of Russia Group and our level of ambition.
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Today OJSC "Sberbank of Russia" is the largest and dynamically developing bank in the region. The bank has an extensive branch network, which includes almost 2,000 branches, which ensures maximum convenience of access to banking services for each client. Volgo-Vyatka Bank of Sberbank of Russia OJSC is one of 17 territorial banks of Sberbank of Russia OJSC.
Volgo-Vyatka Bank provides customer service on the territory of Nizhny Novgorod. Kirov, Vladimir regions, the Chuvash and Mordovian republics, the republics of Tatarstan and Mari El.
DO No. 8610`0333 Branch "Bank of Tatarstan" No. 8610 JSC "Sberbank of Russia" is a branch of the Volga-Vyatka Bank of Sberbank of Russia, that is, it is part of the unified organizational structure of Sberbank of Russia and is its branch that performs the functions of Sberbank of the Russian Federation in the territory of the Republic of Tatarstan.
In its activities, Sberbank of Russia OJSC is guided by the legislation of the Russian Federation, mandatory regulatory acts of the Central Bank of the Russian Federation, the Bank's Charter, and the Regulations on the territorial bank (branch) of Sberbank of Russia.
DO No. 8610`0333 branch "Bank of Tatarstan" No. 8610 OJSC "Sberbank of Russia" is not a legal entity. It enters into economic, contractual, credit and settlement relations on behalf of the Savings Bank of Russia.
DO No. 8610`0333 branch "Bank of Tatarstan" No. 8610 OJSC "Sberbank of Russia" has a separate balance sheet, which is an integral part of the balance sheet of Sberbank of Russia. In accordance with the rules established by the Central Bank of the Russian Federation, a branch as part of the consolidated balance sheet of Sberbank of Russia provides:
compliance with economic standards and liquidity indicators;
depositing a part of the attracted funds in the fund of required reserves, provided for by the current legislation in the Russian Federation on banks;
creation of internal bank reserves and insurance funds.
Sberbank of Russia bears responsibility for the obligations of the territorial bank. DO No. 8610`0333 branch "Bank of Tatarstan" No. 8610 (JSC "Sberbank of Russia") may, by proxy of Sberbank of Russia, acquire property and personal non-property rights and bear obligations.
A branch of Sberbank of Russia OJSC is a universal branch that provides a wide range of high-quality banking services to legal entities and individuals.
The branch provides settlement and cash services for legal entities in national and foreign currencies, services for participants in foreign economic activity, lending, conducts depositary operations and brokerage services in the stock market, operations with international plastic cards and Sbercards. Comprehensive service, reasonable rates, modern technologies, professionalism of bank staff, stability and reliability - these are the benefits that corporate clients receive in the Branch.
The main operations of the Branch are concentrated in the area of lending. The department actively lends to enterprises in the real sector of the economy. The second area of the market that influences the formation of the financial result of the Branch is the provision of banking services: settlement and cash services for legal entities and individuals in the currency of the Russian Federation and in foreign currency.
The management structure of a branch of OAO Sberbank of Russia is a complex of subdivisions that perform separate functions and report to the Manager. Therefore, this structure is called linear-functional (Appendix 1, Figure 2.1).
In table 2.1, we analyze the bank's revenue side.
Table 2.1
Revenues of DO No. 8610`0333 of the Bank of Tatarstan branch No. 8610 of Sberbank of Russia OJSC for 2012-2014
Name of income item201220132014Deviation, thousand rubles Growth rate, %2014 from 20122014 from 20132014 from 20122014 from 2013Interest00297.6122.0 6.7181.4 Net income from foreign currency revaluation 81 - 49216-6550819.8- Fee and commission income 4448657541462751789-11266104.080, 4Other operating income -2856426011223978-3138-26.3Total13275328413732225518950238118242.7113.4
The total income of the Branch for three years increased by more than 2.4 times. The largest increase was observed in income from operations with foreign currency - more than 5 times.
Operating income declined. Main<#"290" src="doc_zip1.jpg" />
Figure 2.2 - Dynamics of income of Branch "Bank Tatarstan" No. 8610 for 2012-2014, thousand rubles.
In table 2.2, we analyze the expenditure part of the Bank of Tatarstan Branch No. 8610
Table 2.2
Expenses of Branch "Bank Tatarstan" No. 8610 for 2012-2014
Name of expense item 201220132014 Deviation, thousand rubles Growth rate, %2014 from 20122014 from 20132014 from 20122014 from 2013 72118.7380.8 Commission expenses361119513741013179380.6115.0 .2
The total amount of expenses of the Department for three years increased by more than 2 times. The largest increase was observed in reserves for possible losses on loans - more than 21 times.
Interest expenses increased by 3.2% to 111,600 thousand rubles. mainly at the expense of expenses on funds of individuals and on funds of banks. The increase in expenses on funds from individuals was due to both an increase in the amount of funds raised and an increase in their value during the crisis. The most significant increase was in interest expenses on due to banks, which was due to the attraction of loans from the Bank of Russia at the end of 2013.
In Figure 2.3, we present the dynamics of expenses of the Bank of Tatarstan Branch No. 8610 for 2012-2014.
Figure 2.3 - Dynamics of expenses of Branch "Bank Tatarstan" No. 8610 for 2012-2014, thousand rubles.
The Department's operating expenses, including administrative expenses and personnel expenses, for 2014 amounted to 15,355 thousand rubles, having decreased by 87.8% compared to 2013. The decrease in operating expenses is due to the implementation of the cost optimization program carried out by the Branch during the year.
In 2014, the Division followed a conservative policy in terms of covering credit risks. In 2014, the Branch allocated 146,400 thousand rubles for the formation of reserves for loans.
Return on assets ratio - a ratio defined as the ratio of profit before tax to the value of the bank's assets and showing the percentage of profit per 1 rub. bank assets.
where Kra is the return on assets ratio;
A is the assets of the bank.
The return on assets has increased significantly, which indicates an increase in profit by 1 rub. assets. This is a positive factor in the activities of Branch "Bank Tatarstan" No. 8610.
The profitability ratio of the bank's own funds is a coefficient defined as the ratio of profit before tax to the value of the bank's own funds and showing the percentage of profit per 1 rub. bank's own funds.
where Krsk - profitability ratio of the bank's own funds;
PN - profit before tax;
SC - equity.
The return on equity has increased significantly, which indicates an increase in profit by 1 rub. own funds of the Branch "Bank Tatarstan" No. 8610. This is a positive factor in the activity of the Branch.
Net interest margin ratio - a ratio defined as the ratio of net interest income to the value of the bank's assets and showing the percentage of net interest income per 1 rub. bank assets.
where Kchpm - net interest margin ratio;
NII - net interest income;
A is the assets of the bank.
Percentage of net interest income per 1 rub. assets decreased by 2.69 percentage points, indicating a reduction in net interest income.
The amount of profit before tax in 2014 amounted to 47.526 million rubles. Compared to 2012, the increase in this indicator amounted to 757.7%, or more than 8 times. The dynamics of profit before taxation is presented in Table 2.3.
Table 2.3
Profit before tax for 2012-2014
YearProfit, million rubles Growth rate, %20125.541100.0201310.082181.9201447.526857.7
If you look at the growth dynamics of the main financial indicators of the Bank of Tatarstan Branch No. 8610, you can see that in 2014 the Branch "grew" by almost one and a half times, thereby confirming the compliance of the work carried out by the executive bodies of the Branch with the strategic goals of shareholders, customers and partners.
Data on the dynamics of annual turnover for the period from 2012 to 2014 are presented in table 2.4, net assets - in table 2.5.
Table 2.4
Annual turnover for 2012-2014
YearAnnual turnover, million rubles Growth rate, %2012 75.506100.02013136.345180.6201462.88183.3
Table 2.5
Net assets for 2012-2014
YearNet assets, million rubles Growth rate, %2012995.178100.020131414.556142.120141651.840166.0
In Figure 2.4, we present the dynamics of profit before tax and the annual turnover of Branch "Bank Tatarstan" No. 8610 for 2012-2014.
Figure 2.4 - Dynamics of profit before tax and annual turnover of Branch "Bank Tatarstan" No. 8610 for 2012-2014
With an annual turnover of 62.881 million rubles. in 2014, the value of the Branch's net assets increased by more than 1.6 times and reached RUB 1,651.840 million.
Thus, the total amount of income of Branch "Bank Tatarstan" No. 8610 for three years increased by more than 2.4 times. The largest increase was observed in income from operations with foreign currency - more than 5 times. The total amount of expenses of Branch "Bank Tatarstan" No. 8610 has more than doubled over three years. The largest increase was observed in reserves for possible losses on loans - more than 21 times. If you look at the growth dynamics of the main financial indicators of the Bank of Tatarstan Branch No. 8610, you can see that in 2014 the Branch "increased" by almost one and a half times, thereby confirming the compliance of the work carried out by the executive bodies of the Branches with the strategic goals of shareholders, customers and partners. The results of the work of the Bank of Tatarstan Branch No. 8610 for 2014 indicate the continued progressive development of the Branch, an increase in the scale of activities, an increase in business profitability and an expansion of infrastructure, which is clearly demonstrated by financial and economic indicators. The development of the activities of the Bank of Tatarstan Branch No. 8610 is clearly reflected in the amount of profit received at the end of the year, which is one of the most important assessments of activity.
