|Bid||0.00 x 390000|
|Ask||0.00 x 163000|
|Day's Range||183.73 - 189.10|
|52 Week Range||165.90 - 285.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||19.92|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||297.03|
The Ukrainian subsidiaries of the Russian banks Sberbank and VEB - under sanction, unable to take on new business and legally barred from transferring assets out of Ukraine -- appear to be winding down their operations, the head of Ukraine's central bank said. Ukraine imposed sanctions on Russian banks amid fighting in eastern Ukraine and Russia's annexation of Crimea in 2014.
, Russia’s largest lender, has purchased a 10 per cent stake in fertiliser group Uralkali, the world’s largest potash producer by output. The state-run bank said on Thursday that it had obtained the stake from Rinsoco Trading, a Cyprus-based company that bought 20 per cent of Uralkali from oligarch Mikhail Prokhorov in 2016. Uralkali shares rose 2.2.
Yandex wants an online marketplace that it’s launching on Wednesday, called Beru, to become one of the country’s top three platforms for locally-sourced goods by the end of 2020. State-controlled banking giant Sberbank PJSC is funding the construction of warehouses and adding credibility from its name to Beru, or “I’ll take it” in Russian, to lure citizens still wary of paying online for goods they haven’t seen. Unlike in Western countries, where Amazon.com Inc. dominates e-commerce, Russians use a range of specialist online shopping sites, from cheap electronics and clothes to household staples or big-ticket items.
Shares in Russian search engine Yandex (YNDX.MM) fell on Monday after a report from the Interfax newsagency said the government was proposing to limit foreign ownership in online news aggregators to 20 percent. Shares in Yandex N.V. (YNDX.O), the parent company of Yandex group which is registered in Netherlands, were down by almost 2 percent in Moscow following the report. Yandex is Russia's biggest internet search engine with around a 56 percent share in Russian search traffic and also the biggest news aggregator compared with rivals Google (GOOGL.O) and Mail.Ru (MAILRq.L).
Shares in Russian search engine Yandex fell on Monday after a report from the Interfax newsagency said the government was proposing to limit foreign ownership in online news aggregators to 20 percent. Shares in Yandex N.V., the parent company of Yandex group which is registered in Netherlands, were down by almost 2 percent in Moscow following the report.
Russia's top internet search engine Yandex said on Monday it regularly receives various offers from third parties and could review its shareholder structure but co-founder and CEO Arkady Volozh has no plans to sell his controlling stake. Shares in Yandex, known as 'The Google of Russia', jumped nearly 8 percent after the company's statement, after falling 23 percent over Thursday and Friday last week on media reports that state-owned bank Sberbank could acquire a major stake. Sberbank has denied the plan.
Russia's biggest lender Sberbank will seize two partially-built office skyscrapers near Moscow's business district to recuperate unpaid debts, two market sources and a source close to Sberbank told Reuters. Two of the sources said Sberbank would seize the buildings from businessman Ruslan Baisarov. Sberbank declined to comment.
Russia's largest lenders, state-owned Sberbank (SBER.MM) and VTB (VTBR.MM), saw outflows of foreign currency deposits in August amid a rouble depreciation and concerns about new U.S. sanctions, according to an analysis of central bank data. Some of their smaller rivals, however, and subsidiaries of foreign banks in Russia saw inflows to their FX deposits in the same period. Concerns about an extension of U.S. sanctions against Moscow that could possibly target Russian state banks and holdings of Russian government bonds plagued markets in August and sent the rouble to its lowest levels since 2016.
Sberbank PJSC last month was the biggest victim as Russians rushed for dollars amid fears of new sanctions against state-controlled banks. It lost $1.2 billion of foreign-exchange retail deposits, according to Bloomberg calculations based on data from Bank of Russia and Moscow-based analytics company Frank RG. Since the start of the year, Russia’s largest bank has lost almost 10 percent of retail deposits denominated in currencies other than the ruble.
Attractive stocks have exceptional fundamentals. In the case of Sberbank of Russia (MCX:SBER), there’s is a financially-robust company with an impressive history and a excellent future outlook. Below is aRead More...
Sberbank of Russia (MISX:SBER) is a large-cap stock operating in the financial services sector with a market cap of RUРУБ4.69T. As major financial institutions return to health after the GlobalRead More...
Valuing SBER, a bank stock, can be daunting since these financial companies have cash flows that are impacted by regulations that are not imposed upon other industries. Banks, for example,Read More...