VTB-Sberbank Outlooks Diverge on Bad Loan Bets
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Russia’s two biggest lenders are both state owned, stuck in a shrinking economy and faced with surging costs to fund themselves. What’s different is that analysts forecast one will soar while the other is set to drop.
OAO Sberbank will probably jump 84 percent over the next 12 months while VTB Group is projected to decline 27 percent in London, according to analysts surveyed by Bloomberg. Sberbank, Russia’s biggest lender, has climbed 7.8 percent this year through Jan. 23 in London as VTB tumbled 13 percent.