Sberbank shares put a record

The cost of Sberbank’s ordinary shares during the bidding October 11 at a maximum rose to 380.9 rubles, by the time of writing news the price, according to the Moscow Exchange, was 379.92 rubles (an increase of 1.85 percent).

Thus, the paper set another record. The previous one was achieved on October 6, when the maximum cost of ordinary shares was 375.48 rubles. The cost of preferred papers by the time of writing the news was 348.35 rubles (plus 1.42 percent), during the trading, it was also rising to a record 350.13 rubles.

October 7, the bank announced financial results for the first nine months of 2021. Net profit at the annual level increased 1.7 times, reaching 936.7 billion rubles. Capital profitability amounted to 25.5 percent.

Retail portfolio in September exceeded 10 trillion rubles. Loans also broke the record: the amount of their issuance was 534 billion rubles. The dividend policy of the Bank implies payments of 50 percent of net profit on international financial statements. For 2020, dividends reached a record amount of 422.4 billion rubles.

/Media reports.