Sberbank - Bank St Petersburg PJSC (BSPB) CIS Market Daily - 30 Ð½Ð¾ÑÐ±Ñ€Ñ 2017

Report

Sberbank

Alexander Kudrin

CIS Market Daily - 30 Ð½Ð¾ÑÐ±Ñ€Ñ 2017

30/11/2017 18 RU

Underlying

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

Alexander Kudrin

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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...

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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/...

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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...

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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...

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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...

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CIS Market Daily - March 24, 2022

MARKET COMMENT - TRADING TO RESUME FOR DOMESTIC INVESTORS AHEAD OF THE NATO-G7-DM SUMMIT AND NEW SANCTIONSEquity trading resumes today after a four-week suspension, but nonresidents and short-sellers will not yet be welcomed back. In focus will be the summit of NATO, the G7 and the rest of the developed world, which was called to discuss the evolving responses to Russia's so-called "special military operation" against Ukraine. STORIES> Equity trading to resume today - but not for nonresidents> "Unfriendly" countries to pay for Russian gas in rubles> Weekly inflation still elevated at 1.9%; inf...

March 24, 2022 March 24, 2022 1 EN

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CIS Market Daily - 30 Ð½Ð¾ÑÐ±Ñ€Ñ 2017

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

CIS Market Daily - March 24, 2022

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CIS Market Daily - 30 Ð½Ð¾ÑÐ±Ñ€Ñ 2017