Morgan Stanley Appreciated the Chances of Sberbank to Transform Runet
Sberbank generates about 650 billion rubles annually. in the first-tier capital (4.1 trillion rubles as of September 30, 2019, including retained earnings), experts say: if the bank begins to direct 50% of its profits on dividends, it will have about 200 billion rubles left. per year, which he can either direct to capital or invest in non-financial assets. For comparison: from 2012 to 2019, Sberbank invested a total of 123.5 billion rubles in 25 non-financial services, calculated by Morgan Stanley. This is comparable to the capital investments since 2010 of the two largest Russian Internet companies Mail.ru and Yandex - about 130 billion rubles.
The development of the ecosystem of non-financial services by Sberbank has become a new cause for a dispute between it and the owner of a controlling stake - the Central Bank. Significant investments in non-financial sector companies will allow Sberbank to advance in the process of creating an ecosystem, said Maxim Nalyutin, head of the Deloitte financial services company group.