OREANDA-NEWS  Sberbank's shares began to grow after the organization published positive annual reports. This is evidenced by the data of the Moscow Stock Exchange.

Sberbank's ordinary shares at the Moscow Exchange auction rose by 0.2% to 174.4 rubles by 10.06 Moscow time. Preferred shares also increased by 0.5%, reaching the level of 173.28 rubles.
Beac ended 2022 with a net profit of 270.5 billion rubles, which is higher than analysts' expectations, who claimed a net profit of 250 billion rubles.

On March 7, Russian President Vladimir Putin, during a meeting with the Chairman of the Board of Sberbank, German Gref, said that the Beac is one of the leaders of the country's financial system. The Head of State said that the Beac "operates profitably, steadily, rhythmically" in difficult conditions, which is one of the signs of the stability of the Russian financial system.

Prior to that, Sberbank made its services available to entrepreneurs in Crimea. It is specified that the bank's managers will start visiting corporate clients for servicing. Legal entities will be able to arrange key services of the bank, including taking out a loan.

Earlier, the Beac presented condensed financial statements according to Russian Accounting Standards (RAS) for December and the whole of 2022. The bank's net profit in December jumped by 40.1% compared to the data for December 2021 — to 125.5 billion rubles, and in January-December amounted to 300.2 billion rubles. Market experts called the results positive and optimistic not only for Sberbank itself, but also for the entire banking sector.