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Sberbank of Russia (SBER.ME)

MCX - MCX Real-time price. Currency in RUB
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214.15+3.94 (+1.87%)
At close: 11:49PM MSK
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Previous close210.21
Open210.00
Bid221.49 x 390000
Ask214.15 x 163000
Day's range209.15 - 214.73
52-week range172.15 - 270.80
Volume75,361,490
Avg. volume57,099,142
Market cap4.623T
Beta (5Y monthly)0.76
PE ratio (TTM)7.03
EPS (TTM)30.47
Earnings date29 Oct 2020
Forward dividend & yield18.70 (8.94%)
Ex-dividend date02 Oct 2020
1y target est299.89
  • Race to Become Russia’s Amazon Is Heating Up
    Bloomberg

    Race to Become Russia’s Amazon Is Heating Up

    (Bloomberg) -- Covid-19 has driven a projected 10 million more Russian consumers online, accelerating the race to become the country’s answer to Amazon.com Inc. The chance to dominate e-commerce in the world’s biggest country is still very much up for grabs. Russia’s largest online retailer, Wildberries, controls only 13% of the market, even after its sales doubled in the first nine months of the year. By contrast, Amazon accounts for about half of the U.S. market.“Aided by the pandemic, large e-commerce platforms are gobbling up market share from both offline and online stores,” said Marat Ibragimov, an analyst at Gazprombank. “Competition is heating up, and in the future two or three will dominate.”Russia has more internet users than Amazon’s No. 2 market, Germany. Yet entrenched consumer habits and logistical challenges have stymied e-commerce in the country and discouraged foreign companies like Amazon from doing business there.After President Vladimir Putin ordered stores to close for almost two months during the first wave of Covid-19 in the spring, that left consumers with little choice but to give e-commerce a try. Internet sales are projected to surge 44% in 2020 to 2.5 trillion rubles ($32 billion), according to researcher Data Insight.  “When the authorities shut the local market because of Covid-19, all I could do was to try the internet,” said Nadezhda Nikulina, 62, who lives in northwest Russia and mainly uses Wildberries. “I found it really convenient, and the choice is enormous.”Online purchases will account for just over 10% of Russian retail sales in 2020, up from 6% last year, according to industry lobby group AKIT. That compares with 16% in the U.S. and 37% in China in 2019.Internet shopping hasn’t taken off as quickly in part because of the difficulties involved in making deliveries in such a large country. Even the national mail service only recently started experimenting with home delivery. A widespread reluctance to pay for goods before they’re received—a holdover from Russia’s chaotic transition to a market economy in the 1990s—has also played a role.The local market remains fractured, with thousands of internet shops, including offerings from traditional retailers such as electronics store M.video and children’s goods chain Detsky Mir. But there is a trend toward Amazon-style marketplaces.Wildberries started in 2004 as an online clothing merchant, but now sells items ranging from food to electronic goods. More than 90% of its deliveries go to a network of 26,000 pickup points around Russia—the biggest distribution network outside of the national post—that allow customers to try on goods before taking them home.There are three other main contenders to become Russia’s answer to Amazon.One is AliExpress, a joint venture between China’s Alibaba Group Holding Ltd. and London-listed Mail.ru Group Ltd. After losing market share because of the long delivery time for orders from China, it has begun working with more local suppliers. AliExpress subsidizes delivery costs and provides same-day service on some goods through a partnership with the state postal service.  Ozon, a Russian copycat of Amazon backed by billionaire Vladimir Evtushenkov and Baring Vostok Capital Partners, offers next-day delivery to 40% of the population. But deliveries to Siberia can take as long as five days.Ozon announced in October that it applied to sell shares in the U.S. to fund further growth, after more than doubling sales in the first half. It has set up a network of drop boxes near customers’ apartments, while also offering direct shipments through partners.The smallest competitor to date is Yandex NV, which accounts for 2% of the online retail market. Yandex already runs Russia’s leading search engine and its biggest car-hailing service. After an attempt to create an online marketplace with Sberbank PJSC ended earlier this year, Yandex sold $1 billion in shares to billionaire Roman Abramovich and other partners to invest more in e-commerce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • EQS Group

    Sberbank makes changes to Executive Board

    Sberbank (SBER) 13-Oct-2020 / 17:56 MSK Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Sberbank makes changes to Executive Board October 13, 2020, Moscow The Supervisory Board of Sberbank has decided to make changes to the Executive Board to improve the management model and implement strategic plans of Sber Group until 2023.The Executive Board will include the following members after obtaining the necessary approval from the Central Bank of the Russian Federation:- Kirill Tsaryov, Deputy Chairman of the Executive Board, Head of the Retail Business Unit\- Sergey Maltsev, Deputy Chairman of the Executive Board, Head of Sales Network Unit\- Natalya Alymova, member of the Executive Board, Head of Wealth Management Unit- Alexandra Buriko, member of the Executive Board, Head of Finances Unite.Svetlana Kirsanova, Deputy Chairman of the Executive Board, Head of Retail Business, who decided to pursue other career opportunities outside Sber Group, and Oleg Ganeev, who is moving to the position of Senior Vice President responsible for large distressed assets, are leaving the Executive Board.Herman Gref, CEO and Chairman of the Executive Board, Sberbank:"Each Sber leader, who will become a member of the Executive Board, has shown themselves to be a productive manager. I am sure that the expertise and professional experience of colleagues will be critically important to solve tasks of our new strategy." Press office Tel.: +7 495 957-5721media@sberbank.ru PJSC Sberbank is Russia's largest bank and a leading global financial institution. Holding almost one-third of aggregate Russian banking sector assets, Sberbank is the key lender to the national economy and one of the biggest deposit takers in Russia. The Government of the Russian Federation represented by the Ministry of Finance of the Russian Federation is the principal shareholder of PJSC Sberbank owning 50% plus one voting share of the bank's authorized capital, with the remaining 50% minus one voting share held by domestic and international investors. Sberbank has customers in 18 countries. The bank has a major distribution network in Russia with about 14,000 branches, while its international operations - subsidiary banks, branches, and chapters - include the UK, US, CIS, Central and Eastern Europe, India, China, and other countries. It holds general banking license No. 1481 dd. August 11, 2015, from the Bank of Russia. Official websites of the bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.On September 24, 2020, Sberbank underwent a rebranding, offering financial and non-financial services of the bank and Sberbank Group to individual and corporate customers. Today, the Sber ecosystem is a raft of services for life and daily assistance in handling pressing everyday issues for individual customers and businesses. The Sber ecosystem website: www.sber.ru. * * * ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 Category Code: MSCM TIDM: SBER LEI Code: 549300WE6TAF5EEWQS81 Sequence No.: 85848 EQS News ID: 1140703 End of Announcement EQS News Service

  • EQS Group

    Sberbank releases Financial Highlights for 9 months of 2020 (under RAS; non-consolidated)

    Sberbank (SBER) 07-Oct-2020 / 10:45 MSK Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Sberbank releases Financial Highlights for 9 months of 2020 (under RAS; non-consolidated) The numbers are calculated in accordance with Sberbank's internal methodology. Please note that some minor changes became effective in Sberbank's internal methodology starting from January 1, 2020. Therefore, the numbers for 2019 have been recalculated to make them comparable.October 7, 2020Key highlights for September 2020: * The Bank earned RUB79.8 bn in net profit, ROE came in at 19.6% and ROA - at 3.1% annualized for the month; * Retail loan portfolio has for the first time passed the threshold of RUB8 trn, supported by mortgage production that exceeded a record of RUB260 bn as well as consumer lending; * Corporate loan portfolio grew by 1.1%, excluding the effect of FX revaluation, thus posting positive dynamics for a third month in a row; * Client accounts added 1.5%, excluding the effect of FX revaluation: corporate accounts increased by 3.5% and retail accounts - by 0.5%. Alexandra Buriko, CFO, stated: "In September, the retail loan portfolio continued its solid performance and exceeded RUB8 trn. For 9 months, the retail loan portfolio increased by 11.1%. Corporate lending remained on a positive track and was up by 5.9% year to date, excluding the effect of FX revaluation. Growing consumer activity, cost optimization and the resilient quality of the loan portfolio supported return on equity that for 9 months came in as high as 15.8%." Comments for 9M 2020: Net interest income increased by 13.6% as compared to 9M 2019 and amounted to RUB1,056 bn. The increase was due to loan expansion, lower cost of funding and reduced allocations for deposit insurance from the beginning of the year. Net fee and commission income was up by 9.1% to RUB364.8 bn, due to recovery in transaction activity in bank cards and growth in settlement transactions along with income from client operations on financial markets, bank guaranties and trade financing. Operating expenses amounted to RUB437.3 bn for 9M 2020, up by 3.8% yoy. The dynamics in expenses benefits from the pandemic-related efficiency enhancement program and the levelling of the base effect from payroll indexation in July 2019. Cost-to-income ratio improved for 9M 2020: 26.9% vs 31.4% a year ago. Total credit risk charge including fair-value revaluation amounted to RUB57.1 bn in September. Over half of the charge is attributable to incremental provisions on FX loans without quality deterioration on the back of a weaker ruble exchange rate. For 9M 2020, provisions totaled RUB500.0 bn vs RUB85.4 bn a year ago, which owed to the COVID-19 related global distress. Loan coverage ratio remained intact at 2.2 times overdue loans.Net profit before income tax for 9M 2020 came in at RUB691.1 bn, while net profit amounted to RUB559.4 bn. Total assets increased by 4.1% to RUB32.2 trn, driven mainly by lending growth and increased balance of securities portfolio as well as positive FX revaluation. Adjusted for FX revaluation effect, assets increased by 2.6%. The Bank issued RUB1.2 trn to corporate clients in September and RUB9.5 trn for 9M 2020, including loans originated under the government support programs, which was 22% more than a year ago. Corporate loan portfolio amounted to RUB15.3 trn, up by 1.1% for the month, excluding the effect of FX revaluation. Loan production to retail clients in September amounted to RUB468 bn, which was a record for the Bank. Growth was driven mainly by mortgages, which grew by 3.4% for the month. Retail loan portfolio was up by 2.5% or by RUB197 bn and exceeded RUB8 trn. The share of overdues in the total loan portfolio decreased from 3.30% to 3.25%, led both by corporate and retail loans.Securities portfolio increased by 11.9% or by RUB462 bn, due to purchases of OFZs. As of the 1st of October, the outstanding balance of securities portfolio exceeded RUB4.3 trn. Client funding increased by 1.5% in September, excluding the effect of FX revaluation. Retail funding was up by 0.5%, while corporate finding reduced by 3.5%. Overall, client funding year to date added 5.1% excluding the effect of FX revaluation. Core Tier 1 remained virtually unchanged at RUB4,010 bn. Tier 1 capital was up by 4.0% for the month to RUB4,160 bn, given that the previously issued subordinate debt for the amount of RUB150 bn was included in sources of additional capital. Core Tier 1 capital adequacy ratio increased to 13.24%, up by 0.48 pp as compared to the Core Tier 1 CAR. Total capital increased for the month on the back of earnings and higher Tier 1 capital. The Bank of Russia's subordinate debt for the amount of RUB50 bn was excluded from the calculation. In September, total capital was up by 3.6% to RUB4,871 bn. The risk-weighted assets increased by 2.2% or RUB0.7 trn in September, driven by loan portfolio expansion and amendments to the Bank of Russia's Regulation No.199-I[1]. In the meantime, cancellation of the macro add-ons for unsecured consumer lending issued before 01.09.2019, led to reduction of the risk-weighted assets almost by RUB230 bn. Capital, RUB bn 1 Oct'20*1 Sep'201 Oct'20*/ 1 Sep'20 1 Jan'20 1 Oct'20*/ 1 Jan'20 Core Tier 1 capital N1.1 4,0104,0010.22% 3,30021.51% Tier 1 capital N1.2 4,1604,0013.97% 3,30026.06% Total capital N1.0 4,8714,7013.61% 4,5686.64% Capital adequacy ratios, % Core Tier 1 capital N1.1, min 4.5% 12.76%13.01%-0.25 pp 10.51%2.25 pp Tier 1 capital N1.2, min 6.0% 13.24%13.01%0.23 pp 10.51%2.73 pp Total capital N1.0, min 8.0% 15.48%15.27%0.21 pp 14.52%0.97 pp Risk-weighted assets, RUB bn 31,464 30,7882.20% 31,470-0.02% * preliminary calculations Sberbank Financial Highlights for 9M 2020 (under RAS, non-consolidated) * * *[1] Amendments to the Bank of Russia's Regulation No.199-И "On the regulatory requirements and add-ons to the capital adequacy ratios for banks with universal banking licenses", including those related to updated criteria of 'investment class' definition with respect to requirements to subsidiaries. * * * ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 Category Code: MSCM TIDM: SBER LEI Code: 549300WE6TAF5EEWQS81 Sequence No.: 85550 EQS News ID: 1139350 End of Announcement EQS News Service