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    SBER   RU0009029540


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Sberbank : insurance to settle losses resulting from flash flood under simplified procedure

06/29/2021 | 10:53am EST

Sberbank subsidiary Sberbank insurance will prioritize settling the losses of clients whose property sustained damage as a result of the flash floods in Zabaykalsky Krai and Amur Region. Payments will be made under a simplified based on a minimum package of documents.

A federal state of emergency has been declared in Zabaykalsky Krai and Amur Region. Over 33,000 apartments and private homes in the areas affected are insured with Sberbank insurance under the Home Protection program and mortgage insurance. As of June 28, the company had received 15 requests from clients whose property sustained damage from the powerful floods. The company expects to receive the majority of requests after the water has receded.

The insurer will settle the losses under a simplified procedure, with documents from the competent authorities excluded from the standard package of documentation required for payments. Insurance claims can be filed at Sberbank branches or via the SberBank Online and SberInspection mobile apps. Consultations regarding the settlement of insurance claims are available on the 900 24-hour helpline (free calls in Russia).

The Home Protection program enables clients to reliably protect their home from emergency situations. The policy insures apartments, private homes, or country houses from a wide variety of risks, including water damage, fire, damage caused by third parties, natural disasters, and emergency situations. It can be taken out at any Sberbank branch and remotely on the SberBank Online mobile app and the insurance company's website. The policyholder can be anyone and the property owner can be the beneficiary, e.g., you can insure your parents' house and protect them from contingencies in the future.


Sberbank of Russia published this content on 29 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2021 14:52:26 UTC.

© Publicnow 2021
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Sales 2021 2 516 B 34 052 M 34 052 M
Net income 2021 1 259 B 17 043 M 17 043 M
Net Debt 2021 - - -
P/E ratio 2021 5,56x
Yield 2021 9,27%
Capitalization 7 213 B 97 613 M 97 617 M
Capi. / Sales 2021 2,87x
Capi. / Sales 2022 2,60x
Nbr of Employees 281 690
Free-Float 45,3%
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Mean consensus BUY
Number of Analysts 16
Last Close Price 320,34 RUB
Average target price 437,00 RUB
Spread / Average Target 36,4%
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Herman Gref Chief Executive Officer & Member-Supervisory Board
Alexandra Buriko Chief Financial Officer & Head-Finance
Anton Germanovich Siluanov Chairman-Supervisory Board
David Rafalovsky Chief Technology Officer & Executive VP
Larisa A. Zalomikhina Director-Compliance Department
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