Gazprombank Investment analysts project that in 2023 Sberbank could report a net profit of about 1.5 trillion rubles, a figure that translates into more than 66 rubles of earnings per share. This projection underscores the bank’s ability to convert scale into sustained profitability, even amid market fluctuations. Analysts emphasize that such expectations reflect a resilient earnings trajectory that could support continued shareholder value as the company navigates an evolving financial landscape. [citation: Gazprombank Investments]
The team notes that Sberbank has a track record of surprising investors with steady profitability and that there remains room for upside revisions as the year progresses. In their view, it would be premature to settle on conservative estimates given the bank’s ongoing optimization efforts and the potential for improved top-line performance driven by strategic initiatives. This outlook is based on a cautious but confident assessment of the bank’s ability to execute its plans and deliver higher returns to shareholders. [citation: Gazprombank Investments]
Analysts also highlight that Sberbank’s shares continue to present an appealing case for long-term investors, maintaining their position as a core holding within Gazprombank Investments’ portfolio. The current pricing level provides a favorable entry point relative to the bank’s fundamental growth prospects, risk management framework, and plans to expand through technological enhancement. [citation: Gazprombank Investments]
During Investor Day, Sberbank unveiled a new strategic framework for the 2023–2026 horizon. The strategy centers on building a people-focused business model that strengthens customer relationships and leverages artificial intelligence to streamline products and services. The plan signals a deliberate shift toward deeper engagement with clients, creating custom experiences, and accelerating digital transformation. Analysts at Sinara, including senior analyst Olga Naydenova, described the strategy as ambitious and slightly beyond their initial expectations. They reiterated that Sberbank shares remain attractive on the basis of the expected execution path and the potential for sustained earnings growth. [citation: Sinara, Olga Naydenova]
At the same event, Sberbank provided guidance for the key financial indicators over the next three years and outlined the core principles governing its dividend policy. The projections assume a continued rise in profits, supported by operational improvements and prudent capital management. With profits growing at a pace of roughly 9 percent annually, the bank is positioned to increase dividend payments on an annual basis while aiming to keep the dividend yield at a meaningful level for shareholders. The assessment also notes that a strong capital position should give the bank room to maintain or even expand distributions, even if profits face temporary headwinds. [citation: Gazprombank Investments]
Analysts from Alfa-Bank echoed this view, noting that the anticipated dividend framework could deliver a yield exceeding 12 percent on an ongoing basis. Their perspective emphasizes the balance between profit growth, capital sufficiency, and shareholder return, suggesting that the company’s policy could prove resilient even during cyclical downturns. The clear takeaway is that the dividend story remains a central pillar of Sberbank’s investment case, reinforcing confidence in its ability to share profits with investors over time. [citation: Alfa-Bank]
Following the Investor Day disclosures, Alfa-Bank also lifted its target price for Sberbank shares to 365 rubles per share, reflecting a more optimistic assessment of the bank’s earnings potential and the durability of its capital and profitability metrics. This price revision aligns with a broader market view that Sberbank is well positioned to capitalize on its digital initiatives, customer-centric focus, and scalable financial platform as it executes its long-term strategy. [citation: Alfa-Bank]