SBER.ME - Sberbank of Russia
| Previous Close | 265.49 |
| Open | 261.00 |
| Bid | 255.32 x 390000 |
| Ask | 0.00 x 163000 |
| Day's Range | 255.32 - 262.10 |
| 52 Week Range | 201.10 - 270.80 |
| Volume | 56,453,370 |
| Avg. Volume | 31,161,733 |
| Market Cap | 5.489T |
| Beta (5Y Monthly) | 0.75 |
| PE Ratio (TTM) | 6.91 |
| EPS (TTM) | 36.96 |
| Earnings Date | Feb 07, 2020 |
| Forward Dividend & Yield | 16.00 (6.03%) |
| Ex-Dividend Date | Jun 11, 2019 |
| 1y Target Est | 299.89 |
- Reuters
Russian government considers buying Sberbank from central bank - agencies
The Russian government is considering using the country's National Wealth Fund (NWF) to buy the central bank's stake in Sberbank, Finance Minister Anton Siluanov said on Thursday, Russian news agencies reported. The issue of change in Sberbank's ownership came into the spotlight after two sources familiar with the plan told Reuters this week that the government was considering using the NWF, which is managed by the finance ministry, to buy the central bank's stake in Sberbank. "This issue is being discussed privately," Siluanov said, replying to a question about whether the government is considering using the NWF to finance the deal.
- Reuters
Exclusive: Russia's Sberbank to remain Yandex partner, may adjust some projects - CEO Gref
Russia's Sberbank plans to continue its partnership with Yandex even though it has transferred its 'golden share' in the country's leading internet company to another entity, Sberbank's Chief Executive German Gref told Reuters. To assuage Kremlin fears about potential foreign influence, Yandex this month approved changes to its corporate structure to establish a "public interest foundation" which would receive Sberbank's golden share and a number of other rights.
- Reuters
Russian government plans to use rainy day fund to buy Sberbank from central bank - two sources
The Russian government plans to use the country's National Wealth Fund (NWF) to buy the central bank's stake in Sberbank, a state banker and a source familiar with the plan told Reuters on Wednesday. On Tuesday, Finance Minister Anton Siluanov said that Russia was discussing whether the central bank should continue to hold a controlling stake in the country's largest lender Sberbank, confirming an earlier Reuters report. The second source said that under the plan the central bank would transfer any profits it earned from the sale of Sberbank to the state budget.
- Bloomberg
Russia Raids Office of U.S. Web Server Giant in Copyright Clash
(Bloomberg) -- Russian police raided the offices of Nginx Inc., a U.S. company behind one of the largest web server projects, and briefly detained its founder in a case that could stoke renewed fears of law enforcement being used to settle corporate disputes.Russia’s Rambler Group, the parent company of one of the country’s biggest search engines and internet portals, said in a statement Thursday it uncovered copyright violations to its exclusive rights to Nginx, which was acquired by Seattle-based F5 Networks Inc. this year in a deal that valued the company at $670 million.The dispute centers around the development of Nginx’s original open-source web server code by Igor Sysoev when he worked at Rambler nearly two decades ago, so Rambler sees itself as the rightful owner of the code. Nginx was first released publicly in 2004. It now controls more than 30% of the server market for web-facing computers, behind only the Apache Foundation, according to Netcraft, which monitors the industry.The raid is the latest example of the widespread use of Russian law enforcement in corporate disputes. U.S. investor Michael Calvey, one of the most successful private equity investors in Russia, was jailed this year and remains under house arrest over what he claims is a business conflict.Maxim Konovalov, who co-founded Nginx Inc. in 2011, linked the raid to the May sale of the company. He and his partner Sysoev were briefly detained during the Thursday raids of their apartments and the company’s Moscow office.“We fear for our freedom,” Konovalov said by phone. “Rambler didn’t pay attention to us in the preceding years.” Konovalov said he and Sysoev are “not going to flee Russia. We will stay and we will fight.”Igor Ashmanov, who was an executive at Rambler when Sysoev worked there, said Sysoev had started developing the technology underlying Nginx before he joined the company. Sysoev left Rambler in 2011 to co-found Nginx. The company is based in San Francisco but has offices around the world.Yandex NV, Russia’s biggest tech company, called the raid a “very bad signal.” Several IT industry associations condemned the action, according to an open letter published on the Govorit Moskva radio station’s website.Rambler, owned by billionaire Alexander Mamut and Sberbank PJSC, said it ceded its rights to Nginx to a Cyprus-owned holding company, Lynwood Investments CY Ltd.Lynwood is controlled by Mamut’s son Nikolai, according to Interfax news agency.Lynwood said by email it informed law enforcement about the situation and the authorities opened up a criminal case. The company declined to comment on its ownership.F5 and the police did not immediately respond to requests for comment.Sberbank First Deputy Chief Executive Lev Khasis, who is the chairman of Rambler’s board, said he found out about the dispute via media reports and has requested an extraordinary board meeting this month to deal with it.“I don’t like that this is a criminal trial,” Sberbank Chairman Herman Gref told Forbes, adding that this is a case for the arbitration court.Despite pledges from President Vladimir Putin to better protect business from inappropriate pressure from law enforcement, it remains a common tool to settle commercial disputes in Russia.A survey by the Kremlin’s business ombudsman found 84% of business executives who are subject to criminal investigations end up losing part or all of their business, RBC reported earlier this year.\--With assistance from Anna Baraulina and Ilya Arkhipov.To contact the reporters on this story: Stepan Kravchenko in Moscow at skravchenko@bloomberg.net;Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.netTo contact the editors responsible for this story: Torrey Clark at tclark8@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
Is Sberbank of Russia's (MCX:SBER) 283% Share Price Increase Well Justified?
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if...
- Reuters
Russia's Yandex.Market venture Bringly stops taking orders
Yandex.Market, a joint venture between Russian internet giant Yandex and the country's largest lender Sberbank, has stopped taking orders on its cross-border shopping site, Bringly, the company said on Tuesday. The move comes two weeks after Yandex proposed changes to its governance structure, endorsed by the Kremlin, that would reduce the company's involvement with Sberbank, whose "golden share" in Yandex will pass to a newly-created "public interest foundation". Yandex and Sberbank signed a deal in 2018 to create a joint venture based on the Yandex.Market comparison shopping site and later that year launched local online market place Beru, which translates as 'I'll take it', and bringly.ru.
- Reuters
Russia's Sberbank agrees venture with driverless technology firm
Russia's largest lender, Sberbank , has added driverless cars to its list of technology ventures, by teaming up with AI transport developer Cognitive Technologies, the two companies said on Thursday. Sberbank and Cognitive Technologies have signed a legally binding document to create a new company, Cognitive Pilot, they said in a statement. Sberbank will have a 30% share in the company, while Cognitive Technologies will take 70%.
- Reuters
Russia's Sberbank, Mail.Ru to invest $1 billion in online food, taxi venture
Russian internet company Mail.Ru and state lender Sberbank have finalised the terms of a joint food and taxi platform and plan to invest 64.6 billion roubles ($1 billion) in the business, Mail.Ru said on Tuesday. The deal, first revealed in July, should be closed by the end of the year and will hand the firms equal stakes in the joint venture, it said. The move marks a significant step in Sberbank's pursuit of a stronger presence in Russia's digital economy and offers competition to the country's leading technology company, Yandex, which dominates the ride-hailing market.
- Reuters
UPDATE 1-Russia's Sberbank, Mail.Ru to invest $1 billion in online food, taxi venture
Russian internet company Mail.Ru and state lender Sberbank have finalised the terms of a joint food and taxi platform and plan to invest 64.6 billion roubles ($1 billion) in the business, Mail.Ru said on Tuesday. The deal, first revealed in July, should be closed by the end of the year and will hand the firms equal stakes in the joint venture, it said. The move marks a significant step in Sberbank's pursuit of a stronger presence in Russia's digital economy and offers competition to the country's leading technology company, Yandex , which dominates the ride-hailing market.
- Reuters
Russia's Sberbank to buy stake in Mail.ru to expand in digital economy
Sberbank has agreed to buy Gazprombank's holding stake in internet company Mail.ru as Russia's largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company. Under the deal Sberbank will buy a 35% stake in MF Technologies, which owns 58.9% of Mail.ru's voting rights, from Gazprombank, a state-owned financial group.
- Reuters
UPDATE 1-Russia's Mechel requests more time to repay its debts
Russian coal and steel producer Mechel has asked state-controlled lenders Sberbank , VTB and Gazprombank for more time to make its debt repayments, the banks and company said on Thursday. Mechel, which had already postponed debt repayments to 2020-2022 following lengthy restructuring talks with Russian state banks earlier this year, is now asking to push payments back to 2024-2026, an executive at Sberbank, one of its key lenders, said. The company's first-half results published on Thursday showed it still has net debt of 411 billion roubles ($6.21 billion) excluding fines and penalties, though that was down 12 billion roubles year-on-year.
- Reuters
UPDATE 2-Sberbank bets on digital and retail as corporate lending slows
Sberbank has revised down its corporate lending growth forecast for this year after reporting a jump in second-quarter profits supported mainly by retail and small business lending. Russia's largest bank is transforming itself under Chief Executive German Gref to a banking-to-online services company and has a number of joint projects with Russia's top internet company Yandex.
- Reuters
UPDATE 2-Sberbank, Mail.ru to set up Yandex.Taxi rival as Russia's internet booms
Russia's Sberbank and internet firm Mail.ru said on Thursday they would invest up to 64 billion roubles ($1 billion) in a new joint platform for taxi services and food, as online sales in the country gather pace. The joint venture will compete with Yandex.Taxi, a unit of Russia's largest internet search engine Yandex and U.S. online taxi service Uber.
- Reuters
Sberbank, Mail.ru to set up Yandex.Taxi rival as Russia's internet booms
Russia's Sberbank and internet firm Mail.ru said on Thursday they would invest up to 64 billion roubles ($1 billion) in a new joint platform for taxi services and food, as online sales in the country gather pace. The joint venture will compete with Yandex.Taxi, a unit of Russia's largest internet search engine Yandex and U.S. online taxi service Uber. The Sberbank-Mail.Ru partnership will broaden the geographic reach of Delivery Club, one of Russia's biggest food delivery services, and accelerate the regional expansion of Citymobil taxi, the companies said.
- Reuters
UPDATE 1-Russia's Mechel seeks to postpone debt repayments to 2024-26 -Ifax
Russian coal and steel producer Mechel has asked banks to push back its debt repayments to 2024-2026 from 2020-2024, Interfax news agency cited an executive at Russian state lender Sberbank as saying on Wednesday. Mechel, once on the brink of bankruptcy, has been in restructuring talks with its lenders for several years. Mechel submitted a new restructuring proposal to the banks in June, chief financial officer Nelli Galeeva was cited by Interfax as saying at the time, adding that the company hoped an agreement could be reached before the end of the year.
