Earnings Report /
Russia

Sberbank: 2Q21 IFRS results – Positive

  • Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) release its 2Q21 IFRS results

  • NII grew 10% y/y (4% higher q/q) in 2Q21, 2% above expectations

  • Net F&C income grew 31% y/y in 2Q21 (4-5% above estimates)

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
29 July 2021
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