Sberbank net profit rose to 172 bln rubles in 2010 - consensus forecast
MOSCOW. March 18 (Interfax) - Sberbank will post a net profit of 172 billion rubles in 2010 under International Financial Reporting Standards (IFRS), seven times higher than the net profit in 2009, analysts at investment companies and banks told Interfax in a consensus forecast.
Sberbank will publish IFRS financials for 2010 next week, on March 22 or 23.
Analyst forecasts for Sberbank in 2010 (bln rubles):
Net profit
Net interest income
Operating revenue (after creating reserves)
Assets
Loan portfolio
Reserves*
JP Morgan
178.3
486.9
501.9
8553.9
5466.2
8.4
VTB Capital
174.9
475.9
-
8403.3
5362.6
10.7
Troika Dialog
172.5
316.1
490.5
8640.4
5459.5
22.6
Renaissance
174.7
489.7
501.4
8614.8
5480.8
13.2
Metropol
170.9
488.3
494.6
8583.0
5458
20.0
Rye, Man Gor Securities
181.9
484.1
508.5
8412.5
5440.1
-15.9
Sovlink
170.2
479.9
491.9
8607.9
5442.8
9.8
Goldman Sachs
174.4
489.5
499.3
8354.0
5443.0
11.8
UBS
175.9
487.8
-
8542.4
5444.3
17.0
Citibank
162.5
487.3
479.9
8475.4
5362.9
22.9
TCB
167.9
488.3
479.5
8526.1
5380.2
23.1
Unicredit Securities
164.7
480.2
472.1
8301.9
5428.3
30.2
Uralsib
167.3
486.9
384.4
-
-
25.0
Consensus forecast
172.0
472.4
482.2
8501.3
5430.7
15.3
2009 actual
24.4
502.7
259.1
7105.1
4864.0
39.7
Change
600%
-6%
86%
20%
12%
-62%
*Reserve increases compare reserves in fourth quarter to those in the third quarter.
The Central Bank of Russia owns 57.6% of shares in Sberbank. Another 35.7% of shares were held by institutional investors, of which 32.1% are foreign, non-institutional investors had 0.7% and individuals held a combined 6.1% as of April 16, 2010.
RTS$#&: SBER, USBN, VTBR