MOSCOW, Feb 13 (Reuters) - Sberbank, Russia's

leading bank and largest company by market capitalisation, said

it was undervalued, even as U.S. President Donald Trump's

promise of a swift end to the fighting in Ukraine drove its

shares to a seven-month high on Thursday.

Talks between Trump and Russian President Vladimir Putin

inspired a broad rally in the rouble and Russian stocks on

Thursday.

Sberbank's shares traded 0.9% lower on the day by 1231 GMT

at 311.0 roubles per piece, having earlier touched their highest

since July 10, 2024, when they rose on news of a record dividend

payout.

"Fundamentally, Sber is undervalued by the market," finance

chief Taras Skvortsov said. "In the short-term horizon, the cost

of our securities largely remains influenced by external

factors, and at the same time Sber's shares are the most popular

security for Russian investors even in the most volatile times."

A retail investor, who added Sberbank shares to his

portfolio in November, said in an online chat that the

investment had already yielded returns of 42%.

Sberbank reported record annual profits in 2024 of 1.56

trillion roubles, according to Russian accounting standards,

helped by high interest rates and strong growth in corporate

borrowing.