Bank President and Chairman of the Board of Directors German Gref said in an interview with the Rossiya-24 TV channel that Sberbank expects an increase in net profit in 2024 and 2025.
“This year, we made a net profit of 1 trillion 380 billion rubles in 11 months. This is an absolute record of the entire existence of the bank. This shows that we feel good. We plan to increase our profits every year. “If everything goes as we expect, there will be no decline in 2024, I hope it will happen in 2025,” Gref said.
The President of Sberbank added that the bank’s financial results for 2023 will allow us to expect record dividends.
“Our dividend policy has been determined and published: We will distribute 50% of the net profit. This year we achieved record results, which means our shareholders should expect record dividends,” said Gref.
Following Gref’s statements regarding Sber shares on the morning of December 22, the bank’s ordinary shares rose by 2% to 271 rubles.