According to its strategy for the next 3 years, Sber plans to achieve a return on equity (ROE) of at least 22% in each year the strategy is implemented. Taras Skvortsov, head of the Sber Finance bloc, announced this as part of the Sber Investor Day, according to the company’s press service.
Sber’s top manager noted that the company plans to achieve such results even in 2024, when, according to analysts, many banks may experience a decrease in revenues due to high interest rates and restrictions by the Central Bank.
“Never before has Sber set such an ambitious target for return on capital. Our shareholders will receive income from both increased profits and dividends,” emphasized Taras Skvortsov.
He explained that according to its strategy, Sber plans to pay 50% of net profit as dividends.
Skvortsov also said that Sber’s next year is expected to be even more successful than the current year, which is the most successful year in the bank’s history.
Kirill Tsarev, formerly First Deputy Chairman of the Board of Directors of Sberbank reportedSber customers have half a trillion rubles in revenue from deposits in 2023.