DGAP-News: Sberbank: Announcement of Sberbank on potential changes to structures of capital market indexes

DGAP-News: Sberbank: Announcement of Sberbank on potential changes to 
structures of capital market indexes

Sberbank  / Key word(s): Miscellaneous/Miscellaneous

07.08.2014 10:52

Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a
company of EQS Group AG.
The issuer / publisher is solely responsible for the content of this 
announcement.

---------------------------------------------------------------------------

Announcement of Sberbank on potential changes to structures of capital
market indexes:

Sberbank of Russia JSC (hereafter referred to as Sberbank) sees no need and
has no plans to raise additional equity capital by issuing new shares.
Sberbank's current and forecast capital adequacy ratio is adequate and
fully complies with all regulatory requirements under Russian Accounting
Standards and the International Financial Reporting Standards (IFRS).

Sberbank highly values the trust of its shareholders. The bank's
development strategy up to 2018 provides for the maintenance of capital
adequacy at sufficient level with the necessary safety buffer, based on the
strong profit generating capacity and subordinated debt instruments.

In relation to the adoption of Articles 4 and 5 of the Federal Act
"Concerning Additional Measures to Support the Financial System of the
Russian Federation" dated July 21, 2014 №275-F3, Sberbank informs of its
decision to convert subordinated loans, previously issued by the Central
Bank of the Russian Federation, into unsecured subordinated loans. Such
loans have a maturity term of up to 50 years and (or) the possibility of
extension by the borrower no more than once in 50 years (without securing
approval of the lender). Sberbank has notified the Central Bank of the
Russian Federation of this decision.

In connection with the above, Sberbank sees no reason to change the weight
of Sberbank shares in the structure of capital markets indexes due to the
perceived threat of issuing new shares, the investment in which is
currently subject to specific sanction limitations in some jurisdictions.


07.08.2014 The EquityStory.RS, LLC Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Sberbank
              19 Vavilova St.
              117997 Moscow
              Russia
Phone:        +7-495-957-57-21
Fax:          
E-mail:       media@sberbank.ru
Internet:     www.sberbank.ru
ISIN:         US80585Y3080, RU0009029540, RU0009029557, US80585Y4070
Listed:       Frankfurt in Open Market (Entry Standard) ; MICEX, RTS
 
End of Announcement                       EquityStory.RS, LLC News-Service
 
---------------------------------------------------------------------------
 
Press spacebar to pause and continue. Press esc to stop.