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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  Sberbank of Russia    SBER   RU0009029540

SBERBANK OF RUSSIA

(SBER)
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Sberbank of Russia : 3Q Net Profit Rose Significantly; Cautiously Optimistic About Fiscal Year

10/29/2020 | 02:53am EST

By Sabela Ojea

Sberbank Rossia reported Thursday a significant rise in net profit for the third quarter of the year and said it remains cautiously optimistic until the end of the year.

The Russian bank's net profit rose 74% to 271.4 billion Russian rubles ($3.43 billion) compared with the same period a year earlier.

Net interest income reached RUB411.3 billion from RUB353.9 billion, it added.

The lender's common equity Tier 1 ratio--a key measure of balance-sheet strength--stood at 13.84%, down from 14.78% as at June 30.

Sberbank Rossia added that its cost-to-income ratio fell to 29.6%, with its gross loans reaching RUB24.5 trillion, up by 5.7%, excluding the foreign-exchange revaluation effect.

"We expect that business activity will somewhat slow in the fourth quarter as the pandemic continues. However, our solid financial position and upcoming seasonal uptick allows us to remain cautiously optimistic until the end of the year," Chief Financial Officer Alexandra Buriko said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

10-29-20 0352ET

Stocks mentioned in the article
ChangeLast1st jan.
SBERBANK OF RUSSIA -0.40% 263.94 End-of-day quote.3.61%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.12% 74.478 Delayed Quote.21.05%
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Financials
Sales 2020 2 164 B 29 137 M 29 137 M
Net income 2020 678 B 9 129 M 9 129 M
Net Debt 2020 - - -
P/E ratio 2020 8,21x
Yield 2020 6,02%
Capitalization 5 672 B 76 240 M 76 353 M
Capi. / Sales 2020 2,62x
Capi. / Sales 2021 2,43x
Nbr of Employees 276 598
Free-Float 45,1%
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Technical analysis trends SBERBANK OF RUSSIA
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 16
Average target price 310,09 RUB
Last Close Price 263,94 RUB
Spread / Highest target 76,7%
Spread / Average Target 17,5%
Spread / Lowest Target -15,5%
EPS Revisions
Managers
NameTitle
Herman Gref Chief Executive Officer & Member-Supervisory Board
Anton Germanovich Siluanov Chairman-Supervisory Board
Alexandra Buriko Chief Financial Officer & Head-Finance
David Rafalovsky Chief Technology Officer & Executive VP
Sergei Mikhaylovich Ignatiev Deputy Chairman-Supervisory Board
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