Sberbank - TBC Bank Group (TBCG) ... Ð”Ð¾Ð»Ð³Ð¾Ð²Ñ‹Ðµ Ñ€Ñ‹Ð½ÐºÐ¸ ÑÐµÐ³Ð¾Ð´Ð½Ñ - 21 Ð¼Ð°Ñ 2020

Report

Sberbank

Alexander Golinsky ...

Alexey Bulgakov
Alisa Zakirova
Andrew Keeley
Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Kirill Rogachev
Nikolay Minko
Research Team
Rodion Lomivorotov

21/05/2020 41 RU

Underlyings

TBC Bank Group

TBC Bank Group is a holding company. Through JSC TBC Bank and its subsidiaries, Co. is engaged in universal banking operations that include corporate, small and medium enterprises, retail and micro operations within Georgia.

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GB00BYT18307 London Stock Exchange United Kingdom

TBC Bank Joint Stock Co

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US87217U2087 Georgia

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 Golinsky

Alexey Bulgakov

Alisa Zakirova

Andrew Keeley

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Kirill Rogachev

Nikolay Minko

Research Team

Rodion Lomivorotov

Other Reports on these Companies

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HEADLINES: • AmRest/Sphera Group: no beauty and no beast (AmRest stays BUY, Sphera downgraded to HOLD) • InPost: EUR 15.6 offer from FedEx, Advent, A&R and PPF consortium POSITIVE • Bank Millennium: solid 4Q25 delivery, beat due to tax differences NEUTRAL • PGE: URE initiates proceedings over FWRC settlements NEUTRAL • Auto Partner: January sales growth drops to 3.4% yoy NEGATIVE • Develia: 4Q25E preview – 30% EBITDA drop, following margin normalisation (due on 3 April) • 4iG: 4Q25E preview – 4% yoy reported EBITDA increase expected (due on 27 February) • BRD-GSG: dividend payout of 50% propos...

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Wood and Company

The Rear-View Mirror – EME markets: Czech PX in the lead in December

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Wood and Company

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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...

March 24, 2022 March 24, 2022 1 EN

Andrew Keeley ... (+3)

Andrew Keeley
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Russian Banks - What We Know at This Stage

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March 24, 2022 March 24, 2022 1 EN

Alisa Zakirova ... (+8)

Alisa Zakirova
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Ekaterina Sidorova
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Долговые рынки сегодня - 24 марта 2022. "Недружественные" страны будут платить за российский газ в рублях; Недельная инфляция в РФ составила 1,9%; Северсталь не смогла провести купонный платеж по еврооблигациям

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March 24, 2022 March 24, 2022 1 RU

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Ð”Ð¾Ð»Ð³Ð¾Ð²Ñ‹Ðµ Ñ€Ñ‹Ð½ÐºÐ¸ ÑÐµÐ³Ð¾Ð´Ð½Ñ - 21 Ð¼Ð°Ñ 2020

WOOD Daily: EAT PW; SFG RO; INPST NA; MIL PW; PGE PW; APR PW; DVL PW; 4IG HB; BRD RO; MTLN GA; TUPRS TI; EME Macro/Strategy Weekly; TBCG LN; MCOVB SS; ADNOCDRI UH

The Rear-View Mirror – EME markets: Czech PX in the lead in December

WOOD Daily: TBCG LN; LPP PW; CBF PW; PL Utilities; TPE PW; MBR PW; TITC GA; TL Macro

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

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Ð”Ð¾Ð»Ð³Ð¾Ð²Ñ‹Ðµ Ñ€Ñ‹Ð½ÐºÐ¸ ÑÐµÐ³Ð¾Ð´Ð½Ñ - 21 Ð¼Ð°Ñ 2020