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Sberbank of Russia (SBRCY)

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15.23+0.38 (+2.58%)
As of 3:59PM EDT. Market open.
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Previous close14.85
Open15.17
Bid0.00 x 0
Ask0.00 x 0
Day's range15.15 - 15.24
52-week range9.51 - 16.22
Volume170,015
Avg. volume207,641
Market cap159.668B
Beta (5Y monthly)0.90
PE ratio (TTM)8.42
EPS (TTM)1.81
Earnings dateN/A
Forward dividend & yield0.98 (6.41%)
Ex-dividend date02 Oct 2020
1y target estN/A
  • Exclusive: Russia's Sberbank to expand in logistics in e-commerce push
    Reuters

    Exclusive: Russia's Sberbank to expand in logistics in e-commerce push

    Russia's biggest bank Sberbank plans to expand its logistic business across the world's largest country as it seeks to capitalise on a booming e-commerce market, Chief Financial Officer Alexandra Buriko told Reuters. As banking margins shrink, Sberbank is expanding in areas ranging from food delivery and taxi services to cloud computing and cyber security as it tries to tap into what it calls the broader ecosystems of its financial services customers. Delivery is one of the top challenges in Russia, which accounts for about 17% of the world's land mass.

  • EQS Group

    Sberbank: Sber earned RUB179.2 bn for 2M 2021 (RAS)

    Sberbank (SBER) 05-March-2021 / 10:00 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 January-February 2021 (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, 2021. Therefore, the numbers for 2020 have been recalculated to make them comparable. The effect of subsequent events is excluded from the numbers as of January 1, 2021. March 5, 2021 Key highlights for February: The Bank earned a record net profit of RUB92.6 bn. ROE came in at 24.9% and ROA at 3.6%. Total loan portfolio increased by 0.9%, excluding the effect of FX revaluation. Retail loan production amounted to RUB368 bn with over a half of that due to mortgages. Retail client funding increased in February across all currencies, with combined growth of 1.1% excluding the effect of FX revaluation. Alexandra Buriko, CFO, stated: "A revival of consumer activity and an improving economic environment are beneficial for our performance. It is noteworthy that the quality of the loan portfolio is getting better and net interest income remains stable. These factors, alongside discreet growth in operating costs, have ensured record levels of ROE and net profit. In February we saw an increase in retail deposits across all currencies, which forms a strong basis for lending expansion." Comments for January-February 2021: Net interest income increased by 13.8% as compared to January-February 2020 and amounted to RUB246.2 bn. Strong growth dynamics was driven by loans expansion, securities portfolio increase and lower cost of funding. Furthermore, there is a positive effect from reduced allocations to deposit insurance fund. Net fee and commission income was RUB77.1 bn for the first two months 2021 up by 6.6% compared to the same period last year. The major driver was income from bank cards operations that was up by more than 15% y/y. Operating expenses amounted to RUB92.1 bn and were up by 5.3% as compared to January-February of the last year due to more even accounting for certain administrative and staff costs. Cost-to-income ratio comprised to 26.2% vs 25.2% a year ago. Total provision charge including fair-value revaluation and impairments related to purchased or originated credit-impaired loans was RUB37.4 bn in January-February. In February, there was a provision release on the amount of RUB1.1 bn mainly driven by the appreciation of Ruble against major currencies. Loan-loss provisions were 2.2 times that of the overdue loans as of March 1, 2021. Net profit before income tax is up by 16.9% y/y and came in at RUB222.3 bn in January-February 2021, while net profit increased by 14.5% and amounted to RUB179.2 bn. Total assets in February increased by 0.3% to RUB33.4 trn excluding the FX revaluation. The Bank issued RUB842 bn to corporate clients in February. The corporate loan portfolio was up by 0.7% to RUB15.5 trn as of March 1, 2021 excluding the effect of FX revaluation. The Bank issued RUB368 bn to retail clients in February, of which over half was attributable to mortgages. Retail loan portfolio grew by 1.2% and exceeded RUB8.6 trn. Share of overdue loans in total loan portfolio remained at 3.2%. Securities portfolio was down by 1.3% to RUB5.1 trn in February from the FX revaluation and repayments of corporate bonds. Retail client funding in February increased by 1.1% to RUB15.4 trn excluding the effect of the FX revaluation, demonstrating growth in the ending balances across the main foreign currencies. Corporate client funding decreased by 1.2% in February to RUB7.7 tn excluding the effect from the FX revaluation. The total client funding in February were up by 0.3% to reach RUB23.1 trn excluding the effect from the FX revaluation. Core Tier 1 and Tier 1 capital little changed in February and stood at RUB3,571 bn and RUB3,721 bn respectively. The net profit for 2020 will be included in calculation of the Core Tier 1 and Tier 1 capital only upon annual audit. Total capital grew by 0.6% for the month to RUB4,784 bn mainly due to earnings for the period and the inclusion of subordinated bonds issued in January in additional capital, in accordance with the received approval of the Bank of Russia. The growth of total capital was restrained by the increase in the market yields of OFZs and the corresponding negative revaluation of the portfolio reflected at fair value through other comprehensive income. Risk-weighted assets* were merely unchanged and came at RUB31.8 trn. Capital, RUB bn 1 Mar21* 1 Feb21 1 Mar21* / 1 Feb21 1 Jan21 1 Mar21*/ 1 Jan21 Core Tier 1 capital N1.1 3 571 3 573 -0.03% 3 584 -0.3% Tier 1 capital N1.2 3 721 3 723 -0.03% 3 734 -0.3% Total capital N1.0 4 784 4 757 0.57% 4 741 0.9% Capital adequacy ratios, % Core Tier 1 capital N1.1, min 4.5% 11.23% 11.24% -0.01 pp 11.17% 0.06 pp Tier 1 capital N1.2, min 6.0% 11.70% 11.71% -0.01 pp 11.64% 0.06 pp Total capital N1.0, min 8.0% 15.03% 14.95% 0.08 pp 14.76% 0.27 pp Risk-weighted assets, RUB bn 31 834 31 830 0.01% 32 122 -0.9% * preliminary calculations Sberbank Financial Highlights for January- February 2021 (under RAS, non-consolidated, excluding the effect of subsequent events) ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 Category Code: MSCM TIDM: SBER LEI Code: 549300WE6TAF5EEWQS81 Sequence No.: 94891 EQS News ID: 1173369 End of Announcement EQS News Service

  • EQS Group

    Sberbank: Sber reports FY2020 Net Profit of RUB760.3 bn under International Financial Reporting Standards (IFRS)

    Sberbank (SBER) 04-March-2021 / 10:00 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. Sber reports FY2020 Net Profit of RUB760.3 bn under International Financial Reporting Standards (IFRS) Moscow, March 4, 2021 - Sberbank (hereafter "the Group" or "Sber") released its Annual consolidated IFRS financial statements (hereafter "the Financial Statements") as at and for the 12 months ended 31 December 2020, with audit report by AO PricewaterhouseCoopers Audit. Herman Gref, Chairman of the Executive Board, CEO: "A year ago we could hardly imagine the challenges we would encounter in 2020: the pandemic, the drop in oil prices, interruption in operations of certain segments of the economy. In the scope of the joint efforts with the government and businesses, we became an important player in the collective fight against the consequences of the pandemic: we immediately organized an anti-crisis control centre, started offering support to retail clients and businesses from the beginning of the turmoil. During 2020, we issued RUB17.7 trn loans under our own and state programs. We offered our clients different restructuring and financing options to cope with the crisis. Sber was able to quickly restore the business once the restrictions were lifted. The launch of a massive costs optimization program helped us support profitability, and as a result achieve Return on Equity of 16%. An important milestone of 2020, was the launch of our new brand, Sber, which is a universe of our financial and non-financial products and services, as well as our new Strategy 2023 that concentrates on building an integrated ecosystem around a client." FY 2020 Financial and Operational Highlights: The Group net profit reached RUB760.3 bn (-10.0% y/y); The Group earnings per ordinary share (EPS) came in at RUB34.36 (-10.9% y/y); The Group return on equity (ROE)1 reached 16.1%, and return on assets (ROA)2 was 2.3%; The Group gross loans3 exceeded RUB25 trn, up by 15.0% y/y. The retail loan portfolio was up by over 18% to RUB9.3 trn, while the corporate loan portfolio increased to RUB15.7 trn, up by 9.3% excluding the effect of FX revaluation4; Retail funding increased by 17.1% during 2020 (+11.8% excluding the FX revaluation4) to RUB16.6 trn. Corporate funding increased by nearly 24% (+8.7% excluding the FX revaluation4) to RUB9.1 trn; Active retail client base grew by 3 mn during the year to nearly 99 mn; Number of monthly active users (MAU) of mobile App Sberbank Online was up by 10.6 mn to 65.3 mn, and the number of daily active users (DAU) increased by 7.7 mn to 32.4 mn; Active corporate client base increased by 200 ths to exceed 2.7 mn, while MAU in digital channels surpassed 2.43 mn users; At year-end 2020, over 16 mn clients were using Sber ID, a unified login that gives access to more than 95 Sber ecosystem services and partners; In 2020 we reshaped our ESG activities. We presented our ESG strategy, outlined our commitment to ESG and sustainability standards in the Corporate Governance Code, and formed an ESG committee. Starting from FY 2020 Sber financial statements include information on the basis of business segments, which gives a more detailed and complete presentation on Sber operations, products structure and financial results of the business segments. 4Q 2020 Financial and Operational Highlights: The Group net profit reached RUB201.7 bn, down 4.9% as compared to 4Q 2019; the Group earnings per ordinary share (EPS) came in at RUB9.15; The Group return on equity (ROE)1 reached 16.6%, and return on assets (ROA)2 was 2.2%; The Group gross loans3 increased by 1.9% during the quarter to exceed RUB25 trn. The retail loan portfolio was up by 4.8% to RUB9.3 trn, while the corporate loan portfolio increased by 0.2% to RUB15.7 trn, or by 3.5% excluding the effect of FX revaluation4; The asset quality of the loan portfolio improved: the share of Stage 3 and POCI loans was 6.6%, down by 33 bp as compared to 3Q 2020. Statement of Profit or Loss Results Highlights RUB bn, unless stated otherwise 4Q 2020 4Q 2019 3Q 2020 4Q2020/ 4Q2019 % change 4Q2020/ 3Q2020 % change 12M 2020 12M 2019 12M2020/ 12M2019 % change Net interest income 426.5 371.0 411.3 15.0% 3.7% 1 608.2 1 415.5 13.6% Net fee and commission income 158.5 148.3 147.7 6.9% 7.3% 552.6 497.9 11.0% Other non-interest income / (expense) 5 -7.9 28.7 33.6 -127.5% -123.5% 32.4 108.3 -70.1% Operating income before provisions 6 577.1 548.0 592.6 5.3% -2.6% 2 193.2 2 021.7 8.5% Net charge related to change in asset quality: -108.1 -41.2 -85.7 162.4% 26.1% -493.8 -149.5 230.3% Net credit loss allowance charge for debt financial assets -84.2 -35.5 -63.3 137.2% 33.0% -412.0 -92.6 344.9% Negative revaluation of loans at fair value due to change in credit quality -23.9 -5.7 -22.4 319.3% 6.7% -81.8 -56.9 43.8% Net loss allowance / provision for credit related commitments 16.1 -6.9 1.9 -333.3% 747.4% 2.7 -8.9 -130.3% Staff and administrative expenses -242.7 -238.0 -175.5 2.0% 38.3% -759.8 -724.6 4.9% Net profit from continuing operations 199.0 212.0 265.6 -6.1% -25.1% 751.8 914.8 -17.8% Profit / (Loss) from discontinued operations 2.7 0.0 5.8 -- -53.4% 8.5 -69.8 -112.2% Net profit 201.7 212.0 271.4 -4.9% -25.7% 760.3 845.0 -10.0% Earnings per ordinary share from continuing operations. RUB 9.02 9.86 11.55 -8.5% -21.9% 33.96 41.80 -18.8% Earnings per ordinary share. RUB 9.15 9.85 11.82 -7.1% -22.6% 34.36 38.55 -10.9% Total comprehensive income 211.9 234.5 293.6 -9.6% -27.8% 856.1 993.2 -13.8% Ratios Return on equity 1 16.6% 19.4% 22.8% -- -- 16.1% 20.5% -- Return on assets 2 2.2% 2.8% 3.2% -- -- 2.3% 3.1% -- Net interest margin 5.34% 5.52% 5.48% -- -- 5.47% 5.38% -- Cost of risk (amortized cost loans) 139 bp 72 bp 111 bp -- -- 180 bp 49 bp -- Cost of risk (amortized cost and FV loans) 171 bp 80 bp 143 bp -- -- 206 bp 74 bp -- Cost-to-income ratio for the financial business 33.2% 34.9% Cost-to-income ratio 6 42.1% 43.4% 29.6% -- -- 34.6% 35.8% -- Balance Sheet Highlights RUB bn. unless stated otherwise 31.12.2020 30.09.2020 31.12.2019 31.12.2020/ 30.09.2020 % change 31.12.2020/ 31.12.2019 % change Gross total loans3: 25 008.6 24 546.2 21 749.4 1.9% 15.0% Corporate loans 15 700.4 15 664.3 13 865.4 0.2% 13.2% Retail loans 9 308.2 8 881.9 7 884.0 4.8% 18.1% Securities portfolio 6 557.4 5 687.8 4 350.3 15.3% 50.7% Assets 36 016.0 35 123.8 29 959.7 2.5% 20.2% Total deposits: 25 765.7 25 152.1 21 574.4 2.4% 19.4% Retail deposits 16 641.0 15 759.1 14 209.6 5.6% 17.1% Corporate deposits 9 124.7 9 393.0 7 364.8 -2.9% 23.9% Book value per share7. RUB 223.4 214.2 198.3 4.3% 12.6% Ratios Net Loans / Deposits ratio (LDR) 90.8% 91.2% 94.4% -- -- Stage 3 + POCI loans / total gross loans at amortized cost 6.6% 6.9% 7.5% -- -- Provision coverage of Stage 3 + POCI loans 102.8% 98.4% 89.3% -- -- Net interest income increased by 13.6% y/y and 15% y/y to RUB1 608.2 bn and RUB426.5 bn for FY 2020 and 4Q 2020 respectively. Interest income was up by 2.3% y/y in 4Q 2020 to RUB621.7 bn on the back of strong lending volumes. Retail loan portfolio expanded by 4.8% in 4Q 2020 (+18.1% for 12M 2020) to RUB9.3 trn. The share of retail loans in the total loan portfolio increased to a record 37.2%. The yield on retail loans declined by 20 bp to 11.6% from the turnover with loans at lower rates and higher share of mortgages. The mortgage portfolio grew by 7.3% in 4Q 2020 (+21.6% for 12M 2020) benefiting from robust demand for both the state and the bank's own subsidized mortgage programs, which accounted for about 30% of new loan origination. The securitization of the mortgages portfolio also impacted the dynamics within the portfolio. Excluding the effect of the securitization transaction the mortgages portfolio would have increased by 8.3%. Our real-estate platform DomClick makes a substantial contribution to the development of the mortgage lending; the DomClick monthly audience increased 2.6 times during 2020 to exceed 11 mn users. Consumer loan portfolio increased by 2.8% in 4Q 2020 (+16.9% for 12M 2020) on the back of declining market rates. The share of issuances of consumer unsecured loans via digital channels approached 70% by the end of 2020. Corporate loan portfolio amounted to RUB15.7 trn, up by 0.2% in 4Q 2020, or up by 3.5% excluding the impact of FX revaluation4. The portfolio increased by 13.2% for 12M 2020 (9.3% excluding the FX revaluation4). The yield on corporate loans was down by 50 bp for the quarter to 6.3%. Own and state business financing programs were among the factors contributing to the portfolio growth; over RUB420 bn loans were issued under the latter. Half of all loans to large and medium size businesses are issued using Loan in 7 minutes technology. The Loan in 3 minutes technology accounts for more than a quarter of loan origination to small businesses. Interest expenses including deposit insurance expenses decreased by 17.5% y/y in 4Q 2020 to RUB195.2 bn on the back of lower market rates and reduction in deposit insurance contribution. Retail funding increased by 5.6% in 4Q 2020 (+7.2% excluding the FX revaluation4) to RUB16.6 trn. The average cost of retail funding decreased by 30 bp to 3.7% during the quarter. Retail funding growth exceeded 17%for 12M 2020 (+11.8% excluding the FX revaluation4). Corporate funding was down by 2.9% in 4Q 2020 to RUB9.1 trn, whereas were up by 3.2% adjusted for FX revaluation4. The average cost of corporate funding was down by 30 bp to 2.7% during the quarter. Corporate funding increased by nearly 24% for 12M 2020 (+8.7% excluding the FX revaluation4). Total outstanding current account balances were up by 9.6% during 4Q 2020; their share in total deposits increased to a record 37%. Net LDR ratio was 90.8% in 4Q 2020, down by 0.4 pp as compared to 3Q 2020. Securities portfolio increased 1.5 times for 12M 2020, or by 15.3% in 4Q 2020 to exceed RUB6.5 trn, mainly driven by purchases of OFZ with a floating coupon aimed at forming a liquidity buffer without any impact on capital adequacy and negligible effect on interest rate risk. The Group net fee and commission income increased by 11% y/y and 6.9% y/y to RUB552.6 bn and RUB158.5 bn for FY 2020 and 4Q 2020 respectively mainly on upbeat payments business, the main driver of which were settlement operations, as well as brokerage services. The combined operating income before provisions of the segment Wealth management and brokerage reached RUB65.8 bn, up by 8.4% for FY 2020. Assets under management increased by 17.3% to RUB1.75 trn. The combined operating income before provisions of the segment Risk insurance was RUB78.9 bn, down by 2.8% impacted by the pandemic and related restrictions. The revenues8 of the segment Non-financial business increased 2.7 times to exceed RUB71 bn for FY 2020. In 2020 Sber acquired controlling stakes in Sbermarket, a leading e-grocery player, and 2GIS, a leading Russian geolocating mapping service, as well and consolidated 100% of the Rambler Group and launched its own audio-steaming service SberZvyk. The Group operating expenses were up by 4.9% y/y and 2.0% y/y to RUB759.8 bn and RUB242.7 bn for FY 2020 and 4Q 2020 respectively. Moderate cost growth was facilitated by the launched in 2020 efficiency enhancement program. The increase in staff expenses slowed down to 1.4% y/y (+3.6% y/y for 12M 2020). The Group Cost-to-Income ratio5 for the financial business improved to 33.2% for FY 2020, down by 1.7 pp y/y. The combined provision charge including negative revaluation of loans at fair value amounted to RUB484.0 bn and RUB105.9 bn for FY 2020 and 4Q 2020 respectively. The combined Cost of Risk was 206 bp and 171 bp for FY 2020 and 4Q 2020 respectively. Net credit loss allowance charge for loans at amortized costs amounted to RUB 84.2 bn in 4Q 2020. The Cost of Risk for loans at amortized cost was 139 bp. Negative revaluation of loans accounted at fair value through profit or loss statement due to change in the credit quality amounted to RUB23.9 bn in 4Q 2020. The credit quality of the loan portfolio improved in 4Q 2020 and returned to the pre-crisis level. The Stage 3 + POCI ratio was 6.6%, down by 33 bp as compared to 3Q 2020, and down by 85 bp for FY 2020. Total provision coverage of impaired loans was 102.8%, up by 4.3 pp and by 13.4 pp for 4Q 2020 and FY 2020 respectively. Selected Capital Adequacy Results4 The data in the table is in accordance with standardized and IRB approaches applied to the corresponding assets groups. Risk-weighted assets under a standardized approach as of 31.12.2020 and 30.09.2020 were assessed according to Basel 3.5 and those for the previous periods were assessed according to Basel III. Risk-weighted assets under an IRB approach as of 31.09.2020 and 30.09.2020 were assessed according to Basel 3.5 and those for 31.12.2019 were assessed according to Basel III. Under Basel III RUB bn. unless stated otherwise 31.12.2020 30.09.2020 31.12.2019 31.12.2020 / 30.09.2020 % change 31.12.2020 / 31.12.2019 % change Common equity Tier 1 capital 4 719.9 4 554.8 4 375.4 3.6% 7.9% Tier 1 capital 4 869.9 4 704.8 4 375.4 3.5% 11.3% Total capital 5 008.9 4 836.4 4 433.5 3.6% 13.0% Risk-weighted assets 34 124.2 34 004.7 32 634.1 0.4% 4.6% Credit risk 29 253.9 29 468.4 28 062.7 -0.7% 4.2% Operational risk 3 664.3 3 486.8 3 486.8 5.1% 5.1% Market risk 1 206.0 1 049.5 1 084.6 14.9% 11.2% Ratios Common equity Tier 1 capital adequacy ratio 13.83% 13.39% 13.41% -- -- Tier 1 capital adequacy ratio 14.27% 13.84% 13.41% Total capital adequacy ratio 14.68% 14.22% 13.59% -- -- Leverage ratio 12.9% 12.7% 13.7% -- -- Total capital increased by 13.0% to RUB5 008.9 bn for FY 2020. The growth of 3.6% in 4Q 2020 was due to retained earnings and positive revaluation of the securities portfolio. The Group's risk-weighted assets were up by 4.6% to RUB34 124.2 bn for FY 2020. The growth of 0.4% in 4Q 2020 mostly due to a 5.1% increase in the operating risk component of the risk-weighted assets on the back of the calculation period shift, as well as a 14.9% increase in the market risk related to growth in the investments in securities. The risk-weighted assets density decreased for the quarter from 92.0% to 90.3% mainly from the growth of the OFZ portfolio that has zero risk-weight. The decrease of 12 pp for FY 2020 was attributed to the implementation of new IRB models, transition to Basel 3.5 and partial release of macro add-ons for retail loans. The Group's leverage ratio was up by 20 bp to 12.9% in 4Q 2020. Common equity Tier 1 capital adequacy ratio increased by 44 bp to 13.83% in 4Q 2020. Tier 1 capital adequacy ratio was up by 43 bp to 14.27, while total capital adequacy ratio increased by 46 bp to 14.68%. 1 Excluding the subordinated loan agreement in the amount of RUB150.0 bn classified as equity financial instrument that was previously ceded by the Bank of Russia in favor of the Ministry of Finance 2 Based on profit from continuing operations 3 Before loan loss allowance and including loans at amortized cost and at fair value 4 As per management accounts 5 Other non-interest income / (expense) includes: Net losses from non-derivative financial instruments at fair value through profit or loss (excluding revaluation of loans at fair value due to change in credit quality); Net gains from financial instruments at fair value through other comprehensive income; Net gains from derivatives, trading in foreign currencies, foreign exchange and precious metals accounts translation; Net losses arising on initial recognition and modification of financial instruments measured at amortized cost; Net losses from revaluation of office premises; Impairment of non-financial assets; Net charge for other provisions and allowances (excluding Net loss allowance / provisions for credit related commitments); Revenue of non-core business activities; Cost of sales and other expenses of non-core business activities; Net premiums from insurance and pension fund operations; Net claims, benefits, change in contract liabilities and acquisition costs on insurance and pension fund operations; Income from operating lease of equipment; Expenses related to equipment leased out; Net share of profit / (loss) of associates / joint ventures; Other net operating (expense) / income 6 Operating income before provisions for debt financial assets. credit related commitments and revaluation of loans at fair value due to change in credit quality 7 Total equity attributable to shareholders of the Bank / Total numbers of shares outstanding (ordinary + preferred) 8 For the segment Non-financial business Revenues of the associates and joint ventures are disclosed proportionately to the ownership share of the Group in the reporting period. For the companies of the Group Revenues are calculated on the 100% basis from the date of the control. The information does not include data on Yandex.Market and the financial results from the disposal of Yandex.Market. DISCLAIMER This document has been prepared by Sberbank of Russia (the "Bank") and has not been independently verified. This press release does not constitute or form part or all of. and should not be construed as. any offer of. or any invitation to sell or issue. or any solicitation of any offer to purchase. subscribe for. underwrite or otherwise acquire. or a recommendation regarding. any shares or other securities representing shares in. or any other securities of the Bank. or any member of the Bank's group. nor shall it or any part of it nor the fact of its presentation or distribution form the basis of. or be relied on in connection with. any contract or any commitment whatsoever or any investment decision. The information in this press release is confidential and is being provided to you solely for your information and may not be reproduced. retransmitted or further distributed to any other person or published. in whole or in part. for any purpose. This press release doesn't constitute an offer of securities of the Bank for sale in the United States. The Securities may not be offered or sold within the United States. except pursuant to an exemption from. or in a transaction not subject to. the registration requirements of the U.S. Securities Act of 1993 as amended. This press release is only being distributed to and is only directed at (A) persons in member states of the European Economic Area (other than the United Kingdom) who are "qualified investors" within the meaning of Article 2(1)(e) of Directive 2003/71/EC (as amended and together with any applicable implementing measures in that member state. the "Prospectus Directive") ("Qualified Investors"); (B) in the United Kingdom. Qualified Investors who are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and/or high net worth companies. and other persons to whom it may lawfully be communicated. falling within Article 49(2)(a) to (d) of the Order; and (C) such other persons as to whom this press release may be lawfully distributed and directed under applicable laws (all such persons in (A) to (C) above together being referred to as "relevant persons"). The shares. or other securities representing shares. or any other securities of the Bank are only available to. and any invitation. offer or agreement to subscribe. purchase or otherwise acquire such securities will be engaged in only with. relevant persons. Any person who is not a relevant person should not act or rely on this press release or any of its contents. This press release does not constitute any offer of. or any invitation to sell or issue. or any solicitation of any offer to purchase. subscribe for. underwrite or otherwise acquire any securities of the Bank within the Russian Federation or in favor of the Russian entities or persons. Any foreign securities representing shares of the Bank may not be offered or sold within the Russian Federation. except as provided by the relevant Russian legislation. The information in this press release or in oral statements of the management of the Bank may include forward-looking statements. Forward-looking statements include all matters that are not historical facts. statements regarding the Bank's intentions. beliefs or current expectations concerning. among other things. the Bank's results of operations. financial condition. liquidity. prospects. growth. targets. strategies. and the industry in which the Bank operates. By their nature. forward-looking statements involve risks and uncertainties. because they relate to events and depend on circumstances that may or may not occur in the future. The Bank cautions you that forward-looking statements are not guarantees of future performance and that its actual results of operations. financial condition and liquidity and the development of the industry in which the Bank operates may differ materially from those made in or suggested by the forward looking statements contained in this press release or in oral statements of the management of the Bank. In addition. even if the Bank's results of operations. financial condition and liquidity and the development of the industry in which the Bank operates are consistent with forward-looking statements contained in this press release or made in oral statements. those results or developments may not be indicative of results or developments in future periods. Sberbank assumes no obligation to publicly update or revise any forward-looking statements. whether as a result of new information or for any other reason. The information and opinions contained in this press release or in oral statements of the management of the Bank are provided as at the date of this press release or as at the other date if indicated and are subject to change without notice. No reliance may be placed for any purpose whatsoever on the information contained in this press release or oral statements of the management of the Bank or on assumptions made as to its completeness. No representation or warranty. express or implied. is given by the Bank. its subsidiaries or any of their respective advisers. officers. employees or agents. as to the accuracy of the information or opinions or for any loss howsoever arising. directly or indirectly. from any use of this press release or its contents. This press release is not directed to. or intended for distribution to or use by. any person or entity that is a citizen or resident or located in any locality. state. country or other jurisdiction where such distribution. publication. availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. By attending or reviewing this press release. you acknowledge and agree to be bound by the foregoing. ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 Category Code: ACS TIDM: SBER LEI Code: 549300WE6TAF5EEWQS81 OAM Categories: 1.1. Annual financial and audit reports Sequence No.: 94786 EQS News ID: 1173013 End of Announcement EQS News Service