Shares and Dividends

21 586 948 000
ordinary shares with a par value of RUB 3

  

1 000 000 000
preferred shares with a par value of RUB 3

  

15 000 000 000
authorized ordinary shares

  

Analyst Recommendations and Price Targets

Sberbank Shareholder structure

On April 10, 2020, the holder of the controlling interest in Sberbank changed. The Russian Federation represented by the Ministry of Finance of the Russian Federation (hereinafter the Finance Ministry) acquired 11,293,474,000 of ordinary Sberbank shares, which is 50% of its authorized capital, or 52.32% of all voting Sberbank shares, from the Central Bank of the Russian Federation (hereinafter the Bank of Russia). The Bank of Russia handed over the remaining ordinary voting share to the Finance Ministry on April 30, 2020. Thus, the Finance Ministry currently owns 50% plus one stake in Sberbank’s authorized capital.

A total of 570,000+ shareholders

Information about entities exercising indirect (through third parties) significant influence on the decisions made by the bank's management bodies

Is disclosed for the purpose of complying with the information disclosure order set by the Bank of Russia in accordance with Instruction No.345-P "On the procedure of disclosure by banks of information on persons that have significant influence on the banks business - participants of the obligatory deposit insurance system in the Russian Federation".

Dividend Policy

Sberbank Supervisory Board puts forward recommendations to the Annual General Meeting on dividend size and payout.

Since 2012, dividends are pegged to the bank’s IFRS net profit..

In 2017 Sberbank approved a dividend policy for the next three years.

At the core of the policy is a consistent increase in the amount of dividend payments from today’s 25% to 50% of the net profit. Net profit figures are those from the annual IFRS consolidated financial statements.

Under its dividend policy, by 2020 Sberbank should achieve and maintain the target level of Sberbank Group’s Capital Adequacy Ratio calculated in accordance with Basel III requirements at 12.5% in mid-term. Other restrictions outlined in clause 2.2 “On the Dividend Policy of Sberbank PJSC” will also be taken into account.

  

Dividend Payout Ratio

Who is eligible for dividend?

Anyone holding the bank shares as of the register closing date, which is set by the Sberbank AGM over the term of 10 days ahead of the meeting and 20 days after it.

Dividends will be credited to shareholders’ accounts using money transfers.

Size of dividends

Dividend size and payout is determined by the AGM upon the recommendation of the Supervisory Board of Sberbank..

The size of dividends cannot exceed the size recommended by the Supervisory Board and is identical for a preferred and an ordinary share.

Dividend payment terms

Payment of dividends to a nominee shareholder or a discretionary manager on the shareholders’ register shall be made within 10 business days.

Other people or entities on the shareholders’ register shall receive their dividend payouts within 25 business days after the closing of the register.

Dividend Payment History

Year of paymentFor the yearTotal size of dividendsDividends on ordinary sharesPayment per sharePar valueDividends on preferred sharesPayment per sharePar value
20192018361 391 168 000,00345 391 168 000,0016,003,0016 000 000 000,0016,003,00
20182017271 043 376 000,00259 043 376 000,0012,003,0012 000 000 000,0012,003,00
20172016135 521 688 000,00129 521 688 000,006,003,006 000 000 000,006,003,00
2016201544 496 287 560,0042 526 287 560,001,973,001 970 000 000,001,973,00
2015201410 164 126 600,009 714 126 600,000,453,00450 000 000,000,453,00
Depositary Receipts

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA AND JAPAN.

Neither this information nor any copy of it may be taken or transmitted into the United States, Canada, Australia or Japan. This information placed on Sberbank's official web-site is not an offer for sale of securities (Securities) in the United States. Securities may not be offered or sold in the United States or for the account or benefit of U.S. persons absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer of the securities has not registered, and does not intend to register any portion of the issue in the United States, and does not intend to conduct a public offering of securities in the United States. This information can only be directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as relevant persons). The securities will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In any European Economic Area Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State)(the Prospectus Directive), this information is only addressed to and is only directed at persons in that Member State who are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive. These materials and the information herein are not a public offer or advertisement of securities in Russia, and are not an offer, or an invitation to make offers or to purchase, sell, exchange or transfer any securities in Russia, and do not constitute an advertisement of securities in Russia.

Changes in the Share Capital and Information on Share Issues

Changes in charter capital of Sberbank of Russia

The History of Sberbank's Share Issues*

#Issue registration dateOrdinary SharesPreferred SharesCharter Capital (in thousand RUB)
Number of Shares Outstanding.Nominal Value (RUB)Number of Shares Outstanding.Nominal Value (RUB)Cumulative total
115.04.199345 00050250 00012 500
229.06.1993135 00050750 000110 000
321.12.1993720 000504 000 000150 000
412.04.1994900 000505 000 0001100 000
520.07.19951 900 00050--195 000
628.09.19952 426 24950--316 312
715.05.19962 873 7515040 000 0001500 000
825.12.19964 002 00050--700 100
909.06.19981 000 00050--750 100
1004.06.20014 998 00050--1 000 000
11 **01.08.200619 000 000300050 000 0006060 000 000
1229.03.20072 586 9483000--67 760 844
13 ***19.07.200721 586 948 00031 000 000 000367 760 844
* adjusted for ruble denomination
** face value increase
*** share split

Comments

Shares issue #11 (conversion)

Share conversion was accomplished through a 60-fold increase in nominal value of share and no change to the number of shares outstanding (via re-evaluation of the Bank's assets):

  • All ordinary shares outstanding with a nominal value of RUB50 per share were converted into ordinary shares with a nominal value of RUB3,000 per share;

  • All preferred shares outstanding with a nominal value of RUB1 per share were converted into preferred shares with a nominal value of RUB60 per share.

Shares issue #13 (share split)

  • All ordinary shares outstanding with a nominal value of RUB3,000 per share were converted into ordinary shares with a nominal value of RUB3 per share under a 1:1000 share split;

  • All preferred shares outstanding with a nominal value of RUB60 per share were converted into preferred shares with a nominal value of RUB20 per share under a 1:20 share split.

Sberbank shares outstanding have the following individual state registration numbers issued by The Bank of Russia as of July 11, 2007:

  • Ordinary share – 10301481В

  • Preferred share – 20301481В

The Bank's ordinary and preferred shares have been publicly traded on the Russian exchange markets since 1996. They are in the first level of the Moscow Exchange (MICEX) quotation. American Depositary Receipts are listed on the London Stock Exchange, they are admitted to trading on the Frankfurt Stock Exchange and the OTC market of the US..