Citi Reiterates Buy Rating On Sberbank; Top Pick In CEEMEAMani
Citi analysts reiterated their Buy rating on Sberbank RF as the bank is well-positioned to deliver a ROE of 16% from 2018.
Simon Nellis and Maria Semikhatova of Citi Research believe Sberbank Rossii OAO (MCX:SBER)’s current share price doesn’t reflect the bank’s dominant position in the under-developed Russian banking market.
Sberbank targets to double its net profit
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