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Holly LaFon
Holly LaFon
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Baron Emerging Markets Fund Comments on Sberbank of Russia PJSC

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February 16, 2017 | About:

Shares of Russia’s largest bank Sberbank of Russia PJSC (MIC:SBER) were up in the fourth quarter. The company is delivering higher profitability from a reduction in credit costs, higher margins, and disciplined cost control. The stock also benefited from an increase in oil prices and a more benign outlook for the Russian economy post-U.S. elections. We continue to like Sberbank given its dominant position in the banking sector, its ability to sustain high-teens return on equity, and the potential for an improving Russian economy. (Jose Barria)

From Baron Emerging Markets Fund fourth quarter 2016 commentary.


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GuruFocus has detected 4 Warning Signs with Sberbank of Russia PJSC $MIC:SBER.
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