Earnings Report /
Russia

Bank St Petersburg: 3Q21 IFRS results – NEUTRAL-to-POSITIVE

  • Bank St Petersburg (BSPB RX: O/W; TP RUB60) reported its 3Q21 IFRS results

  • Operating costs remained under control

  • After a 77% rally YTD, the stock trades at 0.43x P/TBV and 2.8x P/E 2021F, which is still undemanding

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
18 November 2021
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