Sberbank - VTB Bank (GDR) (VTBR) ... CIS Market Daily - 5 Ð´ÐµÐºÐ°Ð±Ñ€Ñ 2019

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Sberbank

Andrew Keeley ...

Andrey Kuznetsov
Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Kirill Rogachev
Rodion Lomivorotov

CIS Market Daily - 5 Ð´ÐµÐºÐ°Ð±Ñ€Ñ 2019

05/12/2019 16 RU

Underlyings

VTB Bank (GDR)

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US46630Q2021 London Stock Exchange Russia

VTB Bank PJSC

Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.

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RU000A0JP5V6 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

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Kirill Rogachev

Rodion Lomivorotov

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Bank Pulse: Closures of European subsidiaries of Russian banks may lead to higher costs for European banks

Closures of European bank subsidiaries of Russian banks may result in payout events for European Deposit Guarantee Schemes. As these schemes are accrued by local banks, payout events are likely to lead to higher costs for banks in the country

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Sberbank

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Due to the introduction of blocking sanctions, we are suspending coverage of VTB and withdrawing our estimates, target price and recommendation.

February 28, 2022 February 28, 2022 1 EN

Sberbank

CIS Market Daily - February 28, 2022

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Andrew Keeley ... (+3)

Andrew Keeley
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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...

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Alisa Zakirova ... (+10)

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Igor Rapokhin
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Debt Markets Today - March 24, 2022. Ruble Settlement for Gas, Russian Weekly Inflation, Severstal Unable to Pay Coupon on Eurobond

CIS EUROBOND MARKETThe Eurobond market remained inactive yesterday.GOVERNMENT DEBTYesterday saw a correction in the OFZ market, with yields rising 20-40 bps. This was actually a fairly modest move given how volatile things have been recently (yields dropped 250-300 bps on Monday-Tuesday, after the market reopened). Most of the OFZ curve closed in the 13.5-16.0% range. Trading volumes continued to gradually recover, reaching R13.5 bln yesterday on the Moscow Exchange. Still, that is only around half of the average seen over January and the beginning of February.STORIES> "Unfriendly" countries t...

March 24, 2022 March 24, 2022 1 EN

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CIS Market Daily - 5 Ð´ÐµÐºÐ°Ð±Ñ€Ñ 2019

Bank Pulse: Closures of European subsidiaries of Russian banks may lead to higher costs for European banks

VTB - Suspension of Coverage

CIS Market Daily - February 28, 2022

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Debt Markets Today - March 24, 2022. Ruble Settlement for Gas, Russian Weekly Inflation, Severstal Unable to Pay Coupon on Eurobond

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CIS Market Daily - 5 Ð´ÐµÐºÐ°Ð±Ñ€Ñ 2019