Earnings Report /
Russia

Sberbank: November 2021 RAS results – NEUTRAL

  • Sberbank (SBER RX / SBERP RX: O/W; TP RUB430 / RUB399) reported November 202 RAS numbers

  • Loan book grew 2.7% m/m and 14.1% y/y in November

  • FX-adjusted CoR came at -0.25% in November (vs 0.33% in October)

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
7 December 2021
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