Investor Presentaiton
SBERBANK
170 YEARS. BY YOUR SIDE
2011 the MICEX and RTS indices dropped 17% and 22% respectively,
while the price of Sberbank ordinary shares declined 24%. Despite
the lower share price, Sberbank was ranked as the 19th largest major
global bank by market capitalisation in the FT Global 500.
SBERBANK'S SHARE PRICE
AND MARKET CAPITALISATION
Ordinary shares (MICEX), RUB per share
Preferred shares (MICEX), RUB per share
MICEX index
RTS index
ANNUAL REPORT
GOVERNANCE STRUCTURE
2011
Year for which
dividends are
paid
Percentage
of RAS
net profit
distributed as
dividends
accrued per
ordinary
share*, RUB
In the reporting year, the Bank increased the amount to be distributed
as dividends on Sberbank shares to 12.1% of 2010 net profit based
on Russian accounting standards (RAS).
Dividend
declared/
Dividend
declared/
accrued per
preferred
share*, RUB
Total dividends
declared/accrued
on all ordinary and
preferred shares,
RUB thousand
Total dividends
paid** on all
ordinary and
preferred shares,
RUB thousand
Date of General
Shareholders'
Meeting that
decided to pay/
declare dividends
2006
10.0%
0.3855
0.4650
8,786,757.3
8,786,757.3
29.06.2007
2010
2011
2007
10.0%
0.5100
0.6500
11,659,269.8
11,659,269.8
27.06.2008
104.4
79.4
2008
10.0%
0.4800
0.6300
10,991,636.6 10,966,205.4
26.06.2009
75.1
59.2
2009
10.0%
0.0800
0.4500
2,176,955.8
1,688
1,402
2010
12.1%
0.9200
1.1500
21,009,992.2
2,169,414.9
20,942,903.3
04.06.2010
03.06.2011
1,770
1,382
Source: Bloomberg
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management report
52
In February 2012, the Economist ranked Sberbank shares as the second
best performing stock in the past decade. According to the magazine,
USD 100 invested in Sberbank stock ten years ago would today give
an income of USD 3,772. Sberbank was topped only by Apple Inc.
(USD 3,919). There was only one other bank in the top ten - Banco
do Brasil, which ranked 8th, yielding USD 1,150.
Market capitalisation, USD billion
Rank among global banks by market capitalisation
2009
2010
2011
61.8
76.1
54.8
18
15
19
The Supervisory Board adopted a new Dividend Policy in August 2011.
As part of its plans to improve capital structure and build long-term
shareholder engagement, the Bank will gradually, over a three-year
period, increase dividends to 20% of net profit attributable to the
Bank's shareholders based on the Bank's annual consolidated finan-
cial statements under International Financial Reporting Standards
(IFRS). However, dividends will still be paid out of net profit based
on Russian legislation, i.e. RAS.
The table below shows the amount of dividends on Sberbank shares
for 2011 that the Supervisory Board recommended for approval by
the General Shareholders' Meeting.
Source: FT Global 500
Percentage of IFRS net
profit
Percentage of RAS net
profit distributed as
dividends
Dividend declared/
accrued per ordinary
Dividend declared/
accrued per preferred
Total dividends declared/
share*,
RUB
share*,
RUB
accrued on all ordinary
and preferred shares,
RUB thousand
REPORT ON PAYMENT
OF DECLARED AND ACCRUED
DIVIDENDS
The right to dividends and dividend payment procedure are stipu-
lated by Sberbank's Charter and Dividend Policy. Both documents
can be found on Sberbank's corporate website.
Holders of ordinary and preferred shares are entitled to dividends.
The minimum dividend on preferred shares is 15% of the nominal
value of a preferred share. Pursuant to the Bank's Charter, dividends
are payable once a year in cash by transfer to the shareholder's bank
account. The decision to pay dividends and their amount is made at
the annual General Shareholders' Meeting, based on the Supervisory
Board's recommendations. These recommendations are made tak-
ing into consideration the interests of the shareholders and further
development of the Bank's business.
15%
15.3%
2.08
2.59
47,490,581.8
The decision to pay dividends for 2011 will be made and their amount
will be determined at the annual General Shareholders' Meeting
on 1 June 2012. This information will be available on Sberbank's
website.
170 YEARS. IT'S JUST THE BEGINNING
WWW.SBERBANK.RU
* Dividends per share for 2006 are restated based on the current
face value of stock of RUB 3 per share.
** In some cases declared dividends could not actually be paid
because of incorrect shareholder bank details.
53
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