In a recent interview with Rossiya-24, German Gref, the President and Chairman of the Board of Sberbank, shared optimistic projections about the bank’s financial trajectory for 2024 and 2025. He underscored confidence in the bank’s earnings outlook based on the latest performance signals and strategic actions that have driven consistent growth over the past year.
Gref highlighted a standout milestone for the bank: in the first eleven months of the current year, Sberbank reported a net profit of 1 trillion 380 billion rubles. He described this figure as an all‑time record in the bank’s history, noting that it reflects the bank’s healthy position and its ability to generate strong earnings. Looking ahead, he expressed a cautious but hopeful view that profits should rise year over year, with a possibility that there will be no decline in 2024 and perhaps a return to growth in 2025 if the prevailing conditions hold steady.
The bank’s leadership also pointed to the 2023 financial results as a sign of sustained strength. These results lay a foundation that could lead to significant dividend payments, reinforcing the expectations of investors and shareholders who monitor how profits translate into shareholder value.
Gref reiterated that Sberbank’s dividend policy has been clearly defined and communicated: a distribution of 50% of net profit. The record performance achieved this year supports the outlook for potentially substantial dividends, aligning the interests of owners with the bank’s ongoing earnings generation. This clarity in policy helps market participants gauge the return profile of Sberbank shares over the coming periods.
Following Gref’s remarks about Sber shares on the morning of December 22, the bank’s ordinary stock traded higher, rising about 2% to around 271 rubles. The stock movement reflected investor confidence in the bank’s ability to sustain profitability and deliver on its stated dividend framework, even as the broader market environment remains a key factor in daily trading dynamics.