Sberbank's corporate loans up 4% in 2024
The Moscow Credit Bank (MCB) became the record holder for the largest increase in its corporate loan portfolio in July, growing it by more than 1 trillion rubles.
Consensus
- Sberbank's corporate loan portfolio increased by 4% from the beginning of the year.
- The corporate loan portfolio of Sberbank reached 31.8 trillion rubles.
- The growth in Sberbank's portfolio was partially driven by currency revaluation effects.
- The growth in July contributed significantly to the year-to-date increase.
- MKB's corporate loan portfolio increased by over 1 trillion rubles in July.
- Experts have raised concerns about credit risk concentration at MKB.
Points of divergence
- Anatoly Popov, Deputy Chairman of the Board of Sberbank, stated that the bank maintains its full-year forecast of 8% to 10% growth. — vesti
- A source from the banking market suggested that MKB's loan growth was due to interbank loans made in early 2024, which were later repaid and reinvested into corporate loans. — kommersant
- Another source indicated that MKB's funds were likely directed to affiliated structures within the 'Region' group of companies, the ultimate owner of the bank. — kommersant
Coverage (2 sources)
- Sber increased portfolio of loans to legal entities by 4% since the beginning of the year — Вести
- Corporate portfolio of MKB grew by 1.1 trillion rubles in July — Коммерсантъ