In the draft federal budget for 2024 and the planning period 2025-2026. “at least 50%” of net profit is earmarked for the payment of Sberbank dividends for 2023. About it stated Deputy Minister of Finance of Russia Vladimir Kolychev to journalists.
“No less accurate, maybe more, we’ll see,” Kolychev said.
During trading on October 16, Sber’s ordinary shares rose in price by 2.16% to a maximum of 269.2 rubles. As of 18:15 Moscow time, their cost was 268.66 rubles. (+1.95%). The Moscow Exchange Index at this time was at 3,233.53 points (+1.29%). Since the beginning of the year, it has grown by 49%, the company’s quotes by 90%.
Previously, Sberbank’s profit in 2023 could get closer to pre-crisis levels, but the result will depend on the situation in the economy, said German Gref, Chairman of the Board of the Bank. In 2022, the largest Russian bank earned 270.5 billion rubles. according to IFRS. In the first quarter of 2023, Sber received a profit close to the record for the quarter in the amount of 357.2 billion rubles.
If the bank’s business develops along the same trajectory, then Sberbank can earn more than 1.3–1.4 trillion rubles. for 2023, analysts wrote “Gazprombank investments.” After quarterly reporting, Ak Bars Finance experts increased the estimate of the bank’s net profit for 2023 to 1.3 trillion rubles. while maintaining medium- and long-term forecasts for the dynamics of its assets.
Net profit of the credit institution according to RAS for the nine months of 2023. amounted to RUB 1.13 trillion with a return on equity of 25.3%.
Early October RBC reportedthat the federal budget can receive record dividends from Sberbank in the amount of 375 billion rubles. in 2024. The funds will go to the National Welfare Fund (NWF), which owns a controlling stake in the bank. According to the publication’s forecast, for 2023 Sberbank may pay out 750 billion rubles on ordinary shares. dividends. RBC suggested that the forecast of the Ministry of Finance in the draft budget for 2024 and the planning period 2025-2026. Sber’s dividend payments may be equal to the bank’s net profit for 2023 in the amount of 1.5 trillion rubles. The hypothesis was confirmed by Renaissance Capital analysts, BKS and investment bank Sinara.