Sber profitability in 2023 may reach pre-crisis level
According to the latest financial report from the bank, net profit of Sber for 2022 under IFRS decreased by 78% and reached 270.5 bln rubles.
Depending on the state of the economy, Sber's profit in 2023 may be on par with levels prior to the crisis, CEO Herman Gref said during a conference call with investors and analysts.
"The figures (for this year - TASS) will probably be very similar to what we made in the year prior to the crisis. We certainly hope so, despite the fact that disclaimers are necessary in today's world. Of course, everything will depend on how the economy is doing overall," Gref said.
He added that Sber maintains plans to reach the profitability of its ecosystem companies by 2030. According to him, the companies included in the Sber ecosystem ended 2022 with better-than-expected performance, but their contribution to the group's financial result was still negative.
According to the latest financial report from the bank, net profit of Sber for 2022 under IFRS decreased by 78% and reached 270.5 bln rubles ($3.56 bln). The net profit of Sber for 2021 under IFRS was 1.246 trillion rubles ($16.41 bln). Total shareholder equity in 2022 reached 5.8 trillion rubles ($76.58 bln) while CET1 capital ratio increased to 14.8%.
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Depending on the state of the economy, Sber's profit in 2023 may be on par with levels prior to the crisis, CEO Herman Gref said during a conference call with investors and analysts.
"The figures (for this year - TASS) will probably be very similar to what we made in the year prior to the crisis. We certainly hope so, despite the fact that disclaimers are necessary in today's world. Of course, everything will depend on how the economy is doing overall," Gref said.
He added that Sber maintains plans to reach the profitability of its ecosystem companies by 2030. According to him, the companies included in the Sber ecosystem ended 2022 with better-than-expected performance, but their contribution to the group's financial result was still negative.
According to the latest financial report from the bank, net profit of Sber for 2022 under IFRS decreased by 78% and reached 270.5 bln rubles ($3.56 bln). The net profit of Sber for 2021 under IFRS was 1.246 trillion rubles ($16.41 bln). Total shareholder equity in 2022 reached 5.8 trillion rubles ($76.58 bln) while CET1 capital ratio increased to 14.8%.
Source