The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

DGAP-Regulatory: Sberbank: Sberbank held its annual analyst meeting

31 Jan 2014 08:01

Sberbank / Miscellaneous 31.01.2014 09:01 Dissemination of a Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- January 31, 2014, Moscow - Sberbank held its annual analyst meeting withmanagement. Speakers at the event were Alexander Morozov, Deputy Chairmanof the Board, Anton Karamzin, Senior Vice President and AnastasiaBelyanina, Head of Investor Relations. The meeting was attended by morethan 25 leading analysts, representing Russian and international investmenthouses and covering Sberbank. Alexander Morozov presented forecasts for key financial indicators for 2014(see presentation). The main priority of Sberbank is to increase itsoperational efficiency, which is especially important given the bankingsector slowdown. Alexander Morozov also emphasized that Sberbank is readyfor the transition to Basel 3 in accordance with the new regulations(Regulation 395-P), and, based on the management estimates, by 01.02.2014core capital will exceed RUB 1.3 trln. Therefore the adequacy of coreequity tier one ratio will be above 8% (excluding the bank's profits forthe second half of 2013).# # # Sberbank of RussiaAlexander BaziyanPress office Tel. +7(495) 957 5721media@sberbank.ru Sberbank of Russia is Russia's largest bank and a leading global financialinstitution. Sberbank holds almost one third of aggregate Russian bankingsector assets, it is the key lender to the national economy and the biggestdeposit taker in Russia. The Central Bank of the Russian Federation is thefounder and principal shareholder of Sberbank owning 50% of the Bank'sauthorized capital plus one voting share, with the remaining 50% held bydomestic and international investors. Sberbank has more than 110 millionindividual customers and 1 million corporate clients in 20 countries.Sberbank has the largest distribution network in Russia with more than18,000 branches, and its international operations include UK, US, CIS,Central and Eastern Europe, Turkey and other countries. The Bank holds the general banking license No.1481 issued by the Bank ofRussia. The official website is www.sberbank.ru. 31.01.2014 EquityStory.RS, LLC's Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: Sberbank 19 Vavilova St. 117997 Moscow RussiaPhone: +7-495-957-57-21Fax: E-mail: media@sberbank.ruInternet: www.sberbank.ruISIN: US80585Y3080, RU0009029540, RU0009029557Listed: Frankfurt in Open Market (Entry Standard) ; MICEX, RTSCategory Code: MSCTIDM: SBERSequence Number: 1868Time of Receipt: Jan 31, 2014 09:01:32 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------

UK-Regulatory-announcement transmitted by DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.