Capitalization of the Sberling in the morning of August 10 exceeded 100 billion dollars for the first time since 2018. This is evidenced by trading data, reports TASS.
As of 10:30, August 10, the price of ordinary share shares was 329.15 rubles. The cost of preferred shares was estimated at 303 billion rubles. Thus, the company’s capitalization exceeded 7.408 trillion rubles, which, in terms of US currency under the current course, is $ 100.7 billion.
It is noted that the last time the Sberholder reached in January-April 2018.
As TASS clarifies, the growth of stocks continues against the background of strong quarterly presentations under IFRS and RAS, on the basis of which there is a review of the market expectations and forecasts of analysts for profit and the following years.
At the end of July, it was reported that the Sber in the first half of 2021 received a record net profit – 629.8 billion rubles, and also reached capital profitability above 25 percent. The main driver remains retail lending: in the second quarter of 2021, the volume of loans to retail clients grew by 7 percent and exceeded 10 trillion rubles, “said Sberbank’s senior vice president of Alexander Buriko.