The Supervisory Board of Sberbank reviewed the new dividend policy for 2027–2029 on November 10, and the document will be presented to the market on November 12. This decision determines whether shareholders will retain the payout of half of net profit or whether regulatory changes will force the bank to pay less.
For private investors, the document will set a benchmark for dividends three years ahead and help assess future stock returns. The decision is also critically important for the budget: the state owns a controlling stake in the bank, so its revenues directly depend on the size of the payouts.
The bank aims to keep payouts at 50%
Deputy Chairman of the Board and Chief Financial Officer Taras Skvortsov named these dates during a conference call. According to him, the dividend policy is one of the key strategic issues, and investors will receive comprehensive information on it. He previously noted that the bank will try to maintain payouts at 50% of net profit under IFRS, but much will depend on regulatory developments.
The current strategy provides for the payment of at least half of net profit under IFRS, provided that the total capital adequacy ratio N20.0 does not fall below 13.3%. This indicator reflects how much equity capital the bank holds relative to its assets, so new regulatory requirements could directly affect the size of dividends. The Government of the Russian Federation owns 50% plus one share of Sberbank (52.32% of votes) and remains its main shareholder.
New products for investors: from AI to cryptocurrencies
Private investors can track how their portfolio reacts to such news in the SberInvestments app: the GigaChat-based service shows which securities changed its value the most during the day. The neural network links price changes to news and market events, and the analysis is available to clients with three or more assets.
The bank has also developed a tool for temporarily free funds, such as dividends received — a digital financial asset (DFA) with daily income accrual. The product is intended for qualified investors: income is accrued through daily revaluation, and money can be invested even for a single night.
New business lines could in the future also affect the profit from which the bank pays dividends: the Bank of Russia has added Sberbank to the register of crypto exchanges. The bank plans to launch its first products on December 1, and the register currently has nine participants in total, including VTB and T-Invest Lab.
Cryptalist analysis: Maintaining the 50% of net profit under IFRS threshold appears to be the base-case scenario, but the key risk remains the tightening of N20.0 capital adequacy requirements. If the regulator raises the add-ons, the bank may be forced to shift emphasis from payouts to capital buildup, which would directly affect dividend yield and stock valuation. Expansion into DFAs and crypto services is a strategically positive signal, but its contribution to profit in the 2027–2029 horizon remains insignificant for now.