Sberbank - Bank of St Petersburg (BSPBP) ... CIS Market Daily - 5 Ð°Ð¿Ñ€ÐµÐ»Ñ 2019

Report

Sberbank

Andrew Keeley ...

Andrey Kuznetsov
Cole Akeson
Kirill Rogachev

CIS Market Daily - 5 Ð°Ð¿Ñ€ÐµÐ»Ñ 2019

05/04/2019 13 RU

Underlyings

Bank of St Petersburg

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Bank St Petersburg PJSC

Bank St. Petersburg OJSC is involved in commercial banking operations within the Russian Federation. Co. is organized into three main segments: Corporate banking, which includes settlement and current accounts, deposits, credit lines and loans; operations on financial markets, which includes financial instruments trading, loans and deposits on the interbank market, dealing in foreign exchange and derivative financial instruments; and retail banking, which provides private customer current accounts, deposits, retail investment products, custody, credit and debit cards, consumer loans, mortgages and other loans to individuals.

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RU0009100945 Moscow Exchange MICEX-RTS Russia

Provider

Sberbank

Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

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Analysts

Andrew Keeley

Andrey Kuznetsov

Cole Akeson

Kirill Rogachev

Other Reports on these Companies

Sberbank

CIS Market Daily - November 19, 2021

MARKET COMMENT - HIGHER INDICATORS THIS MORNING AFTER POLITICAL REMARKS, MAGNIT DEAL DOMINATED NEWS FLOWA 2.3% drop on the RTS left Russia the globe's weakest EM yesterday, coinciding with weakness across the EM basket in the late hours of Moscow's main session and foreign policy remarks from President Vladimir Putin. Markets elsewhere were mixed, the MSCI ACWI ending flat. Global and Russia indicators are mixed this morning, while investors will be digesting the stock and index implications of the Magnit stake sale announced last night.STORIES> Gazprom Neft 3Q21 review: Solid beat on FCF> Ban...

November 19, 2021 November 19, 2021 17 EN

Tellimer

Bank St Petersburg: 3Q21 IFRS results – NEUTRAL-to-POSITIVE

Bank St Petersburg (BSPB RX: O/W; TP RUB60) reported its 3Q21 IFRS results. 3Q21 net income jumped 50% y/y to RUB4.1bn with 17.1% ROAE (though 4% below consensus). CoR of 0.7% was the biggest surprise, although it was offset by RUB0.6bn of an investment property impairment loss. Core banking lines roughly matched expectations – NII grew 17% y/y (supported by the 7% y/y corporate loan book growth and 17% y/y retail loans growth) and F&C income growth was normalized at 13% y/y in Q3 vs (39% y/...

PREMIUM

November 18, 2021 November 18, 2021 2 EN

Sberbank

CIS Market Daily - August 26, 2021

MARKET COMMENT - SIGNS OF CONTRACTION AHEAD OF JACKSON HOLEGlobal markets leaned higher as investors rode recent days' momentum, the MSCI ACWI edging up 0.1%. Russia stood out on the negative side, the RTS declining 0.4% to 1,654. Global indicators suggest contraction this morning but with few definitive catalysts, while speculative headlines ahead of tomorrow's Jackson Hole symposium, ample results releases and US GDP are in focus. STORIES> Weekly inflation in Russia accelerates to 0.1%> Russia's industrial output in July flat versus June level> Bank of St Petersburg 2Q21 IFRS: A strong quart...

August 26, 2021 August 26, 2021 17 EN

Russian Consumer - Unemployment and Income: The Outlook for 2022

In its modern history, Russia has not suffered any major spikes in joblessness. Its unemployment rate has ranged from between 4.8% and 8.3% since 2005 (versus 3.6-9.9% in the US for the same period). However, considering the sectors currently affected and companies scaling down operations in Russia, we see 1.1 mln out of the total 71 mln jobs at risk. But because this comes amid a labor shortage, which emerged in late 2021, companies are aiming to hold on to personnel, while the government is announcing extra social support measures. In a conservative scenario, the unemployment rate could go u...

March 24, 2022 March 24, 2022 1 EN

Andrew Keeley ... (+3)

Andrew Keeley
Arthur Cherkesov
Ekaterina Sidorova

Russian Banks - What We Know at This Stage

In this note, we sum up a few thoughts on the current situation for Russia's banks.> Immediate pressure weathered... Since the initial brief depositor panic in late February, deposit flows have stabilized and even turned into net inflows as banks have hiked short-term deposit rates to around 20%, in line with the key rate.> ... and the CBR has experience of crises. The CBR is well versed in supporting the banking system through crises and has already made important moves in providing liquidity and capital forbearance. The banking sector recapitalization that we saw in 2008-09 and 2014-15 is no...

March 24, 2022 March 24, 2022 1 EN

Anna Pilgunova ... (+3)

Anna Pilgunova
Anton Chernyshev
Mikhail Sheybe

Commodities Daily - March 24, 2022

> Oil continues to rise as CPC oil export terminal in Black Sea halts loadings and amid upbeat EIA report. In our view, Brent is likely to start stabilizing near $120/bbl today. Investors will be watching the EU-NATO summit in Brussels, where countries will discuss their ability to reduce their reliance on the Russian energy sector.> Gold advances as US Treasury yields slide. Gold rose from $1,920/oz to $1,945/oz yesterday, while the 10y US Treasury yield declined from 2.39% to 2.29%. Gold is trading near $1,940/oz as we write. Today, the market will be eyeing the preliminary March Markit PMIs...

March 24, 2022 March 24, 2022 1 EN

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CIS Market Daily - 5 Ð°Ð¿Ñ€ÐµÐ»Ñ 2019

CIS Market Daily - November 19, 2021

Bank St Petersburg: 3Q21 IFRS results – NEUTRAL-to-POSITIVE

CIS Market Daily - August 26, 2021

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Commodities Daily - March 24, 2022

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CIS Market Daily - 5 Ð°Ð¿Ñ€ÐµÐ»Ñ 2019