Earnings Report /
Russia

Sberbank: 3Q21 IFRS results – Moderately positive

  • The loan book growth and credit quality remained strong and continued to support Sberbank’s performance

  • NII grew 14% y/y (7% higher q/q) in 3Q21, 1-3% above our and market expectations

  • Net F&C income grew 11% y/y in 3Q21, driven by bank-card operations and acquiring

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
28 October 2021
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