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    SBER   RU0009029540


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sberbank : Sber reports 3Q 2021 Net Profit of -3-

10/28/2021 | 03:01am EST

-- The Health segment revenue increased by 70% y/y to RUB1 bn in 3Q 2021, and amounted to RUB2.8 bn for 9M2021. The main growth drivers were online doctor appointments and telemedicine services, the number of which in 3Q2020 was comparable to the total number of calls for the entire 2020. Products from the Health segment have beenincluded in SberPrime subscription.

-- There is a growing demand for digital non-financial services of the classified platform DomClick. Themonthly active audience increased by 1.6 mn in 3Q 2021, and reached 16 mn. Revenues from supplementary servicesexceeded RUB3.8 bn in 3Q 2021.

-- ?2? segment revenues grew 1.6 times y/y in 3Q 2021 to RUB12.9 bn. EBITDA amounted to RUB3.1 bn in 3Q2021, and to RUB7.2 bn for 9M 2021. ? SberCloud revenues increased by 2.6 times y/y in 3Q 2021 to 2.3 bn, and were up by 3.8 times to RUB6bn for 9M 2021.

Technological leadership

Sber continues tech transformation, and expands the range of product and service offerings.

-- The number of technological changes and releases increased by 2.5 times y/y to 790K for 9M 2021.

-- The number of external IT specialists who partnered to develop products using Sber solutions, includingPlatfom V, SmartMarket, SberCloud, increased by more than 10 times year to date to 29K.

-- The number of monthly active users of Salut voice assistants exceeded 5 mn in 3Q 2021, while the numberof requests that the Salut voice assistants processed exceeded 257 mn since the launch of the service a year ago.The virtual assistants have now new options to order products not only by Samokat, but SberMarket as well.

-- The SmartMarket, a platform of SmartApps, that allows developing and monetizing applications and teachingnew skills for virtual assistants Salut, already has more than 800 apps (+60% q/q). Sber devices now have a newfeature that allows to pay with face ID and voice commands.

-- SberCloud clients now have access to the SmartSpeech technologies service developed by SberDevices, whichaccelerates the engagement of speech technologies in chatbots and voice assistants in call centers, online stores,and support services.

-- SberCloud received status of "Cloud Verified" from VMware that verifies compliance of infrastructure andvirtual framework with VMware standards among global cloud providers.

-- Computer vision technology is now installed in over 2K branches, which increases efficiency and reducesoperational risks.


-- In October, Sber approved principles and standards of corporate governance on the Group level, includingall subsidiary companies.

-- Sber's Supervisory Board approved the debut 'Green' Bond Program, the proceeds from the issuance of whichare assigned to finance projects aimed at preserving the environment. The selection criteria and disclosurerequirements for such projects are contained in the 'Green' Bond Framework.

-- Sber's portfolio of 'green' loans and ESG-linked loans exceeded RUB140 bn by the end of 3Q 2021.

-- Based on the ESG data collected from large and medium-business corporate clients, Sber developed keyprinciples for the ESG-scoring that will be completed by 2023.

-- In 3Q 2021, Sber approved methodology and launched stress-testing for transition ESG-risks.

-- Sber headed the ESG-rank among Russian public companies, according to the National Rating Agency.

Selected Capital Adequacy Results Overview

                                                                                             30.09.2021/ 30.09.2021/ 
RUB bn, unless stated otherwise             30.09.2021 30.06.2021        31.12.2020          30.06.2021, 31.12.2020, 
                                                                                             % change    % change 
Common equity Tier 1 capital                 5 105.7             4 798.7             4 719.9 6.4%        8.2% 
Tier 1 capital                               5 255.7             4 948.7            4 869.9  6.2%        7.9% 
Total capital                                5 429.8             5 139.0            5 008.9  5.7%        8.4% 
Risk-weighted assets                         36 604.3          34 164.0           34 124.2   7.1%        7.3% 
      Credit risk                            31 711.5          29 772.7          29 253.9    6.5%        8.4% 
     Operational risk                        2 986.3            2 986.3            3 664.3   0.0%        -18.5% 
     Market risk                             1 906.5    1 405.0           1 206.0            35.7%       58.1% 
Common equity Tier 1 capital adequacy ratio 13.95%     14.05%            13.83%              --          -- 
Tier 1 capital adequacy ratio               14.36%     14.49%            14.27%              --          -- 
Total capital adequacy ratio                14.83%     15.04%            14.68%              --          -- 
Leverage ratio                              12.6%      12.4%             12.9%               --          -- 

Common equity Tier 1 capital grew 6.4% to RUB5,105.7 bn. Total capital increased by 5.7% for 3Q 2021 to RUB5,429.8 bn.

The Group risk-weighted assets were up by 7.1% to RUB36,604.3 bn in 3Q 2021, driven by loan portfolio expansion and change in the macro add-on for retail loans. Risk-weighted assets density increased by 2.3 pp to 88.1% in 3Q 2021.

Common equity Tier 1 capital adequacy ratio and Tier 1 capital adequacy ratio in 3Q 2021 came down by 10 bp to 13.95% and by 13 bp to 14.36%, respectively, while total capital adequacy ratio decreased by 21 bp to 14.83%.

Conference call details

Sber Conference call dedicated to consolidated IFRS results for 9M 2021 and as at September 30, 2021 will be held on October 28, 2021 at 5:00 pm Moscow time (3:00 pm London / 10:00 am New York time).

Conference ID: English - 6842767

Russian - 7839279

Telephone numbers:


+7 495 646 9190 (local access)

8 800 286 750 11 (toll free)


+44 (0)330 336 9434 (local access)

0800 279 7209 (toll free)


+1 929-477-0402 (local access)

888-204-4368 (toll free)



1 Includes discontinued operations, which included Eurocement Group from 3Q 2020

2 Excluding the subordinated loan agreement in the amount of RUB150.0 bn classified as equity financial instrument that was previously ceded by the Bank of Russia in favor of the Ministry of Finance

3 Based on profit from continuing operations

4 Operating income before provisions for debt financial assets, credit related commitments and revaluation of loans at fair value due to change in credit quality

5 Other non-interest income / (expense) includes: Net gains / (losses) from non-derivative financial instruments at fair value through profit or loss; Net gains from financial instruments at fair value through other comprehensive income; Net gains from derivatives, trading in foreign currencies, foreign exchange and precious metals accounts translation; Net losses arising on initial recognition and modification of financial instruments measured at amortized cost; Impairment of non-financial assets; Net charge for other provisions and allowances; Revenue of non-financial and other business activities; Cost of sales and other expenses of non-financial and other business activities; Net premiums from insurance and pension fund operations; Net claims, benefits, change in contract liabilities and acquisition costs on insurance and pension fund operations; Income from operating lease of equipment; Expenses related to equipment leased out; Net share of loss of associates and joint ventures; Other net operating income / (expenses)

6 Includes net expenses from provisioning for debt financial assets and revaluation of loans at Fair Value due to changes in credit quality

7 Total equity attributable to shareholders of the Bank / Total numbers of shares outstanding (ordinary + preferred)

8 Before loan loss allowance and including loans at amortized cost and at fair value

9 Based on management accounts

10 Taking into account the change in the methodology in accounting for the revaluation of the OTC assets and REPO transactions

11 For the segment Non-financial business Revenues of the associates and joint ventures are disclosed proportionately to the ownership share of the Group in the reporting period. For the companies of the Group Revenues are calculated on the 100% basis from the date of the control. The information does not include data on Yandex.Market and the financial results from the disposal of Yandex.Market


This document has been prepared by Sberbank of Russia (the "Bank") and has not been independently verified. This press release does not constitute or form part or all of, and should not be construed as, any offer of, or any invitation to sell or issue, or any solicitation of any offer to purchase, subscribe for, underwrite or otherwise acquire, or a recommendation regarding, any shares or other securities representing shares in, or any other securities of the Bank, or any member of the Bank's group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or any commitment whatsoever or any investment decision. The information in this press release is confidential and is being provided to you solely for your information and may not be reproduced, retransmitted or further distributed to any other person or published, in whole or in part, for any purpose.

This press release doesn't constitute an offer of securities of the Bank for sale in the United States. The Securities may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1993 as amended.

(MORE TO FOLLOW) Dow Jones Newswires

October 28, 2021 03:00 ET (07:00 GMT)

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Sales 2021 2 518 B 33 845 M 33 845 M
Net income 2021 1 262 B 16 970 M 16 970 M
Net Debt 2021 - - -
P/E ratio 2021 5,50x
Yield 2021 9,37%
Capitalization 7 136 B 96 084 M 95 919 M
Capi. / Sales 2021 2,83x
Capi. / Sales 2022 2,57x
Nbr of Employees 281 690
Free-Float 45,3%
Duration : Period :
PJSC Sberbank Technical Analysis Chart | SBER | RU0009029540 | MarketScreener
Technical analysis trends PJSC SBERBANK
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 16
Last Close Price 316,90 RUB
Average target price 429,43 RUB
Spread / Average Target 35,5%
EPS Revisions
Managers and Directors
Herman Gref Chief Executive Officer & Member-Supervisory Board
Alexandra Buriko Chief Financial Officer & Head-Finance
Anton Germanovich Siluanov Chairman-Supervisory Board
David Rafalovsky Chief Technology Officer & Executive VP
Larisa A. Zalomikhina Director-Compliance Department
Sector and Competitors