Earnings Report /
Russia

August 2021 RAS results – NEUTRAL

  • Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) reported its August 2021 RAS numbers

  • Corporate loan portfolio growth slowed down to 0.4% m/m (+7.2% y/y) in August

  • August 2021 net profit came at RUB106bn (+38% y/y and -16% m/m) with 25% ROAE

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
7 September 2021
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