Authorized Capital
Sberbank is an open market company, the shares of which are freely traded on the Moscow Stock Exchange as well as the London and Frankfurt Stock Exchanges and are accepted for trading on the US OTC market as ADR.
Since Sberbank’s IPO in June 1991, there have been 13 issues of shares among investors (Russian and foreign legal entities and individuals). The share capital was formed in the amount of RUB 67.76 bln and consists of 21,586,948,000 ordinary shares and 1,000,000,000 preferred shares with a nominal value of RUB 3 each.
Sberbank’s main shareholder is the Central Bank of the Russian Federation, the interest of which in the authorized capital of Sberbank is 50% plus one voting share, in the voting shares, 52.32%.
| | | | | | Change 2016/2015 | |
|---|---|---|---|---|---|---|
| Strategic Investor (Bank of Russia) | 57.6 | 50.0 +1 | 50.0 +1 | 50.0 +1 | 50.0 +1 | — |
| Nonresident Corporate Investors | 33.8 | 44.0 | 43.52 | 43.27 | 45.60 | +2.33 |
| Resident Corporate Investors | 4.1 | 2.3 | 2.52 | 2.83 | 1.50 | –1.33 |
| Private Investors | 4.5 | 3.7 | 3.96 | 3.91 | 2.90 | –1.01 |
Stock exchange and quotations
The ordinary and preferred shares of Sberbank have been quoted on Russian stock exchanges since 1996. They are included in the quotation list of the first (top) level by CJSC MICEX Stock Exchange. American Depositary Receipts (ADR) for ordinary shares of Sberbank are quoted on the London and Frankfurt stock exchanges and have been accepted for trading on the US over-the-counter market since June 2011. The main shareholder and founder of Sberbank is Bank of Russia, which owns 50% of share capital plus one voting share. Other shareholders of Sberbank comprise international and Russian institutional investors and individuals.In 2016, Sberbank ordinary shares were ahead of the market after finishing the year with 71.1% growth and 26.8% growth in the MICEX index. Such dynamics are explained, first and foremost, by Sberbank’s restored financial indicators and the improvement of forecasts in the financial models of analysts throughout the year. The consensus forecast of leading analysts on the net profit of Sberbank for 2016 from the beginning of the year increased by 55% to reach RUB 516 bln, which resulted in the growth of the target projected price for ordinary Sberbank shares and, as a result, was followed by their rally to the new historic maximum (intraday maximum RUB 185.34 per share reached on December 21, 2016).
Sberbank shares entered the list of top priority investment securities among the companies from emerging markets: at the end of 2016, among 20 analysts actively covering Sberbank, 14 recommended «buy», 5 recommended «hold» and only 1 «sell».
Sberbank securities still remain the most liquid stock on domestic trading platforms: for instance, the MICEX trading volumes of 2016 of ordinary and preferred Sberbank shares amounted to over RUB 2.4 trln, which made up around 30% of the entire MICEX trading volume, and is comparable with the cumulative trading volume of the largest Russian blue chips (Gazprom, Lukoil, Rosneft) put together.
| 2015 | 2016 | |
|---|---|---|
| Ordinary share (MICEX), RUB per share | 101.3 | 173.3 |
| Preferred share (MICEX), RUB per share | 76.5 | 129.8 |
| MICEX index, points | 1,761.4 | 2,232.7 |
| Market capitalization including preferred shares, billion USD | 30.8 | 63.2 |