Russia · Delayed Price · Currency is RUB Sberbank of Russia Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 net profit rose 16.5% year-over-year to RUB 507.9 billion, with ROE at 24.4%. Lending and deposit market shares increased, but economic headwinds and inflation persist. Dividend payout of 50% of IFRS net profit for 2025 recommended.
Fiscal Year 2025
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Net profit rose 8% in 2025 with ROE above 22%, driven by strong retail and corporate lending, digital ecosystem expansion, and AI investments. Capital adequacy improved, and a 50% dividend payout is planned. Regulatory and macroeconomic challenges persist.
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The group is advancing its AI-driven ecosystem strategy, integrating financial and lifestyle services for over 85 million users, while maintaining strong financial targets for 2026. AI adoption is central to innovation and efficiency, with RUB 60 billion invested and significant value expected by 2026.
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Net profit rose 6.5% year-over-year to RUB 1.307 trillion, with strong growth in both corporate and retail lending. Net interest margin and market share improved, while cost of risk and expense ratios declined. Outlook remains cautious amid economic slowdown and regulatory changes.
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Net profit rose 5.3% year-over-year to RUB 859 billion in H1 2025, with strong loan portfolio growth and stable margins. Cost of risk guidance is maintained, while AI initiatives and loyalty programs drive operational efficiency. ROE target of 22% is reaffirmed.
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Q1 2025 saw record net profit and strong digital growth, with net interest income up 19% and ROE at 24.4%. Retail loan quality declined, but cost of risk and capital adequacy remained within guidance. Dividend payout and digital innovation were key highlights.
Fiscal Year 2024
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Achieved record net profit, strong loan and deposit growth, and maintained high capital adequacy despite inflation and regulatory tightening. Digital and AI transformation advanced, with robust dividend payout confirmed for 2024. Non-banking subsidiaries remain under review.
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A human-centric, AI-driven transformation is underway, with strong financial results, record dividends, and ambitious 2025 targets for margin, efficiency, and capital adequacy. Technology and product innovation remain central, while regulatory and market challenges are addressed through selective lending and cost optimization.
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Q3 net profit reached RUB 411 billion with ROE at 25.4%, driven by strong corporate and retail lending, robust fee income, and expanding digital services. Cost of risk rose in retail, while capital and dividend policies remain stable.
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Net profit rose 10% year-over-year in Q2 2024, with strong growth in both corporate and retail lending. Record dividends were paid, and guidance for loan portfolio growth and ROE was raised amid a resilient Russian economy and ongoing investment in technology.