The value of Sberbank’s shares during the trading at the Moscow Exchange on October 5 updated the historical maximum and exceeded 350 rubles per piece. Thus, the Bank’s capitalization exceeded 7.9 trillion rubles (108 billion dollars), and the Sber has become the most expensive bank in Europe, overtaking the previous leader – HSBC Bank. In the world ranking of banks, Sber is now ranked 14th.
The value of the shares rose, in particular, waiting for good financial results following the 9 months, which Sber plans to declare on Thursday, October 7.
Also one of the main factors of the attractiveness of the Sberbank is its dividend policy, providing for the payment of dividends in the amount of 50 percent of net profit under IFRS. The bank paid a record 422.4 billion rubles of dividends for 2020 (18.7 rubles per share). The government expects the dividends of the Bank in 2022 to be 26.36 rubles, in 2023 – 26.95 rubles, and in 2024 – 29.96 rubles, the draft budget of the Russian Federation for the next three-year period said. Thus, after three years, dividends shareholders should grow by 60 percent.