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    SBER   RU0009029540

SBERBANK OF RUSSIA

(SBER)
  Report
End-of-day quote Moscow Micex - RTS  -  2022-07-07
133.30 RUB   +0.16%
12/01Russian banks' losses narrow to $6.5 billion as of Nov. 1 -central bank
RE
11/28The yuan's the new dollar as Russia rides to the redback
RE
11/21Russia's Sberbank files lawsuits over restrictions on European units
RE
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Russia's largest lender Sberbank on track to profitability, says CEO

09/07/2022 | 01:17am EST

VLADIVOSTOK, Russia, Sept 7 (Reuters) - Russia's top lender Sberbank is on track to profitability and expects positive results this year, CEO German Gref said on Wednesday, as the Russian banking sector recovers from hefty first-half losses.

Gref, who was speaking during an online press conference at Russia's Eastern Economic Forum in Vladivostok, declined to give concrete forecasts on Sberbank.

He said Sberbank expected Russia's GDP to decline 4.5% in 2022.

At the forum, officials have been revising their forecasts concerning the size of the economic hit from sanctions and other restrictions this year.

Russia Economy Minister Maxim Reshetnikov said on Tuesday the economic contraction this year would be 2.9%, shallower than previously forecast, while No. 2 lender VTB now envisages a 4% contraction.

Financial sessions in Vladivostok have featured long discussions about the growing use of China's yuan in Russia's financial system. Sberbank has already started lending in yuan and VTB plans to do so later this year.

Gref said Russia had fallen out with its traditional partner, Europe, and that a natural consequence of this was Moscow's closer cooperation and greater dependence on Beijing, something he called the "development of cooperation".

"I don't think Russia will return to such a situation of the dollar's influence on the domestic economy," Gref told reporters, expecting other currencies, primarily the yuan, to replace the dollar and euro in part.

Earlier in the day, VTB CEO Andrei Kostin said Russia's banking sector likely no longer needed systemic capitalisation, having withstood the most serious effects of Western sanctions imposed against Russia in waves after Moscow sent thousands of troops into Ukraine on Feb. 24.

Gref said Sberbank, which was targeted with sanctions, did not need capitalisation, but thanked the central bank for the "extremely necessary" financial support it had extended earlier this year.

Sberbank also plans to develop further in the e-commerce sector, Gref said. (Reporting by Alexander Marrow; Editing by Muralikumar Anantharaman)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) -0.59% 4.765901 Delayed Quote.0.00%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) -0.02% 8.622736 Delayed Quote.0.32%
BRITISH POUND / US DOLLAR (GBP/USD) 0.03% 1.229 Delayed Quote.-9.40%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) -0.59% 5.2105 Delayed Quote.4.32%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.01% 0.742 Delayed Quote.-5.91%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) -0.28% 7.3946 Delayed Quote.2.67%
EURO / US DOLLAR (EUR/USD) 0.07% 1.054 Delayed Quote.-7.41%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) 0.11% 0.086313 Delayed Quote.1.71%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.11% 0.012297 Delayed Quote.-8.26%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.63% 0.64084 Delayed Quote.-6.84%
SBERBANK OF RUSSIA 0.16% 133.3 End-of-day quote.-54.60%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.29% 7.0163 Delayed Quote.10.38%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 7.019 Delayed Quote.10.87%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.62% 62.572 Delayed Quote.-18.33%
VTB BANK 0.51% 0.01883 End-of-day quote.-61.01%
WAVES CORPORATION LIMITED -0.40% 9.86 End-of-day quote.-36.75%
All news about SBERBANK OF RUSSIA
12/01Russian banks' losses narrow to $6.5 billion as of Nov. 1 -central bank
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11/28The yuan's the new dollar as Russia rides to the redback
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11/21Russia's Sberbank files lawsuits over restrictions on European units
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11/16Indian refiners becoming wary of buying Russian oil as EU sanctions loom - sources
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11/10U.S. to allow some Russian energy-related transactions until next May
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11/10Sberbank sees no restrictions on dividends in coming years - TASS
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11/10SberBank selected RAS highlights for 10M 2022
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Analyst Recommendations on SBERBANK OF RUSSIA
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Financials
Sales 2022 2 848 B 45 451 M 45 451 M
Net income 2022 1 286 B 20 527 M 20 527 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 21,5%
Capitalization 2 993 B 47 773 M 47 773 M
Capi. / Sales 2022 1,05x
Capi. / Sales 2023 0,96x
Nbr of Employees 287 866
Free-Float 45,0%
Chart SBERBANK OF RUSSIA
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 0
Last Close Price 133,30
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Managers and Directors
Herman Oskarovich Gref Chief Executive Officer & Member-Supervisory Board
Taras Skvortsov Finance Director
Anton Germanovich Siluanov Chairman-Supervisory Board
Larisa A. Zalomikhina Director-Compliance Department
Gennady Georgiyevich Melikian Senior Independent Director
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