Sberbank’s share price has renewed its all-time high

by time news

The cost of ordinary shares of Sberbank today increased by 1.8% compared to the close of previous trading and by 11:46 Moscow time reached a record in the history of 325.77 rubles. per piece, follows from the data of the Moscow Exchange.

Then the securities of the credit institution began to fall in price. At 12:05 Moscow time, they were already on sale at 324.2 rubles. a piece. However, this is still more than the previous record recorded on May 10. Then the maximum cost of one ordinary share of Sberbank was 320.19 rubles.

The value of the bank’s preferred shares has also renewed its historical record. By 11:46 Moscow time, it was 300.8 rubles. a piece. The previous maximum was recorded on May 3 – 299.5 rubles. By 12:10 the preferred shares of the company were already below this level – at 299.25 rubles. At the close of previous trading, one such share was sold for 296.94 rubles.

Net profit of Sberbank for the first half of the year amounted to 629.8 billion rubles, follows from its financial statements under IFRS. The indicator increased by 119.3% compared to the same period in 2020, the return on equity reached 25.3%.

Sberbank’s net profit last year amounted to 760.3 billion rubles, which is 10% less than in 2019.However, even with a decrease in the indicator in April, the shareholders of the credit institution approved the decision to allocate a record amount of 422.4 to dividends for 2020 billion rubles, which corresponds to 56% of net profit under IFRS. Thus, Sberbank is providing shareholders with record dividends for the Russian market for the second year in a row. In the coming years, the bank plans to spend at least 50% of its net profit under IFRS for these purposes.

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