Sberbank’s Profit Projections for 2026<\/p>\n
MOSCOW, Jan 22 (Reuters) – Russia’s Sberbank plans to significantly increase profit in 2026 compared to 2025, Sberbank’s CFO Taras Skvortsov said on Wednesday evening on RBC TV.<\/p>\n
Expected Financial Performance<\/p>\n
Sberbank\u2019s net profit for 2025 reached a record 1.69 trillion roubles ($21.95 billion) under Russian accounting standards. The figure under IFRS, to be published on February 26, is expected to be even higher.<\/p>\n
Economic Context and Forecasts<\/p>\n
Analysts forecast that Sberbank could set another profit record in 2026, with estimates hovering around 1.8 trillion roubles.<\/p>\n
Inflation and Interest Rates<\/p>\n
Skvortsov said the group\u2019s net profit in 2026 is unlikely to reach 2 trillion, though it could come close.<\/p>\n
Ruble and Oil Prices<\/p>\n
“Yes, we are targeting a 22% (return on equity). That\u2019s definitely achievable – in fact, our calculations suggest it could exceed what we earned this year, and by a considerable margin. We\u2019ll see how the round numbers shape up over time,” Skvortsov said.<\/p>\n
\u201cOverall, I see no reason why 2026 should be worse than 2025 – rather, it should be better.”<\/p>\n
Sberbank currently expects Russia\u2019s economy to grow by 1% in 2026, with inflation projected at 5% to 6%. Early January data do not warrant revising these forecasts, Skvortsov said.<\/p>\n
“Everyone expected VAT to rise in December, but we didn\u2019t see it then – instead, we felt its full impact in January. But these are one-off factors,” he added.<\/p>\n
Skvortsov suggested the Central Bank of Russia could cut its key rate in both February and March, with the rate seen settling at 12-13% by the end of 2026, from 16%.<\/p>\n
The bank\u2019s forecasts assume the ruble will gradually weaken, driven by low oil prices and a recovery in import demand.<\/p>\n
($1 = 76.9955 roubles)<\/p>\n
(Reporting by Elena Fabrichnaya; Editing by Nia Williams)<\/p>\n","protected":false},"excerpt":{"rendered":"Sberbank’s Profit Projections for 2026 MOSCOW, Jan 22 (Reuters) – Russia’s Sberbank plans to significantly increase profit in…\n","protected":false},"author":2,"featured_media":711766,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7655],"tags":[213190,213192,17437,117252,213191,213193,213194,332],"class_list":{"0":"post-711765","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-russia","8":"tag-2026-profit-targets","9":"tag-central-bank-of-russia","10":"tag-economic-forecasts","11":"tag-inflation-rates","12":"tag-net-profit-projections","13":"tag-return-on-equity","14":"tag-ruble-trends","15":"tag-russia"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115935553973333098","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/711765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=711765"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/711765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/711766"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=711765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=711765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=711765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}