Earnings Report /
Russia

Sberbank: December 2021 RAS results – NEUTRAL

  • Sberbank (SBER RX / SBERP RX: O/W; TP RUB430 / RUB399) reported December and FY21 RAS numbers

  • Loan book grew 1.7% m/m and 15.5% y/y in December

  • December 2021 net profit came at RUB90bn (+43% y/y and -12% m/m) with 19.9% ROAE

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
14 January 2022
Published by