Photo source: Unsplash; edited by Author
Investors will remember 2019 as an outstanding year for Sberbank (OTCPK:SBRCY) because 2020 is going to be absolutely horrible. In the eyes of the government and the Central Bank of Russia (the CBR), the majority of Russian banks have a pretty decent margin of safety, so this margin will be used to absorb economic damage caused by the nationwide lockdown.
This may end badly for the banking sector so investors shouldn't expect high margins and profits Sberbank demonstrated earlier. Do not be illusioned by Sberbank's superior