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Sberbank (SBER)
Sberbank holds Analyst Day
17-Dec-2018 / 16:36 CET/CEST
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Sberbank holds Analyst Day
- Sberbank has presented a forecast for key financial indicators for 2019
and talked about implementation of the strategy and development of certain
business segments.
12 December 2018, Moscow - Sberbank has held Analyst Day in which
representatives of leading international and Russian investment funds and
global brokerage companies have participated. About 300 people attended the
meeting, including online broadcast audience. Analyst Day was held in
Sberbank Agile Home.
The meeting programme consisted of the following presentations:
- Vice President, Director of the Strategy and Development Department of
Sberbank Yekaterina Latypova talked about Strategy 2020 implementation.
- Deputy Chairman of the Executive Board of Sberbank Svetlana Kirsanova
presented main development areas of the bank card and non-cash payment
business.
- Vice President and Head of the Digital Business Development Unit of
Sberbank Mark Zavadsky talked about new areas of business development
under the construction of ecosystem.
- CEO of Yandex.Market Maxim Grishakov presented the e-commerce platform,
developed jointly by Sberbank and Yandex.
- Managing Director of the Macroeconomic Researches Centre of Sberbank
Nikolay Frolov presented an updated macroforecast for 2019.
- Senior Vice President of Sberbank Dzhangir Dzhangirov talked about risk
management at Sberbank and expected dynamic of key risk metrics.
- Deputy Chairman of the Executive Board of Sberbank Alexander Morozov
presented the forecast for financial indicators of Sberbank for 2019 (the
forecast is provided below).
Sberbank guidance 2019
2019 Guidance
EFFICIENCY Cost to income -50-100 bps yoy
Ratio (CIR)
PROFITABILITY NIM (average) Over 5.5%
Net Fees & Mid-teens
Commission Income
Growth
Cost of Risk Around 130 bps*
ROE Over 20%
CAPITAL CET 1 CAR under Over 12.5%
Basel 3 for the
Group
*Subject to FX volatility
# # #
Sberbank
Valeria Kungurtseva
Press Office
Tel. +7 495 957-57-21
media@sberbank.ru
Sberbank is Russia's largest bank and a leading global financial
institution. Sberbank holds almost one third of aggregate Russian banking
sector assets, it is the key lender to the national economy and the biggest
deposit taker in Russia. The Central Bank of the Russian Federation is the
founder and principal shareholder of Sberbank owning 50% of the Bank's
authorised capital plus one voting share, with the remaining 50% held by
domestic and international investors. Sberbank has more than 145 million
customers in 22 countries. Sberbank has the largest distribution network in
Russia with almost 15,000 branches, and its international operations include
UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other
countries.
The Bank holds the general banking licence No.1481 issued by the Bank of
Russia. Official websites of the Bank: www.sberbank.com [1] (Sberbank Group
website), www.sberbank.ru [2].
ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070
Category Code: MSCM
TIDM: SBER
LEI Code: 549300WE6TAF5EEWQS81
Sequence No.: 6919
EQS News ID: 759103
End of Announcement EQS News Service
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2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=378682496d93ad736271d8948eaf036a&application_id=759103&site_id=vwd&application_name=news
(END) Dow Jones Newswires
December 17, 2018 10:37 ET (15:37 GMT)
