Page 91 - RusRPTOct20

The introduction of deposit interest income taxation staring 2021 will accelerate this process. All in all, this is set to keep the pressure on banks' NIM intact.
Sberbank outperforms the sector in both loan growth (14.5% y/y) and pre-tax ROE of 19.1% vs sector's 16.9%.
91 ​RUSSIA Country Report​ October 2020 ​ ​www.intellinews.com