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Tuesday, April 23, 2019

Sberbank holds annual analyst meeting in Moscow

Sberbank held its annual analyst meeting in Moscow on Jan. 31, featuring such speakers as the Deputy Chairman of the Board Alexander Morozov and Senior Vice President Anton Karamzin.

The meeting was attended by more than 25 leading analysts from investment houses in Russia and abroad.

Anastasia Belyanina, the head of investor relations, also spoke at the event.

Morozov presented key financial indicators for the upcoming year, citing an increase in operational efficiency as the company's main priority.

Morozov added that the bank will be preparing for a transition to Basel 3 in accordance with Regulation 395-P. The company is expected to see its core capital increase to $40 billion by the first of February. This will increase the adequacy of the core equity tier one ratio to more than 8 percent.

Sberbank is the largest bank in Russia and holds approximately one-third of the aggregate banking sector assets in the country.