Earnings Report /
Russia

Sberbank: May 2021 RAS results – Moderately positive

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

  • Corporate loan portfolio grew 0.2% m/m (+10% y/y) and 0.5% m/m on FX-adj. basis.

  • F&C income grew 38% y/y in May (+20% y/y in 5M21) from the low base of May 2020

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
7 June 2021
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