Sberbank Profit Up 19% in First 8 Months
Sberbank reported a 19% year-on-year increase in net profit for the first eight months of 2026, with strong growth in both retail and corporate lending portfolios and stable credit quality.
Consensus
- Sberbank's net profit for the first eight months of 2106 increased by 19% year on year.
- The bank's credit portfolio grew by 8% for the retail segment and 5.3% for the corporate segment since the start of the year.
- The quality of the overall credit portfolio remained stable.
- Sberbank's total credit portfolio reached 52.7 trillion rubles in August.
- The bank issued 607 billion rubles in loans in August.
- Sberbank's capital adequacy ratio was 13.1% as of September 1.
- The bank's net interest income increased by 24.8% year on year.
- Sberbank's operational expenses rose by 14.9% year on year.
Points of divergence
- Sberbank's net profit under IFRS reached 1.019 trillion rubles for the first six months of 2026. — vedomosti
- The bank's basic and core capital were 6.2 trillion and 6.4 trillion rubles respectively as of September 1. — vedomosti
- The bank's total credit portfolio grew by 1.4% in real terms in August. — interfax
- The share of overdue debt in the total credit portfolio remained unchanged at 2.9% in August. — interfax
- Sberbank's retail loan portfolio grew by 1.3% in August, driven by seasonal consumer activity. — interfax
- Sberbank's mortgage loan portfolio grew by 1% in August and 8.8% year to date. — interfax
- Sberbank's consumer loan portfolio grew by 2% in August and 5.7% year to date. — interfax
- Sberbank's credit card portfolio grew by 1.5% in August and 3.9% year to date. — interfax
- Sberbank's auto loan portfolio grew by 3% in August and 20.8% year to date. — interfax
- Sberbank's physical persons' deposits decreased by 0.3% in real terms in August. — interfax
- Sberbank's corporate deposits increased by 5.7% in August. — interfax
- Sberbank's net interest income reached 2.441 trillion rubles for the first eight months. — kommerzant
Coverage (4 sources)
- Sberbank's net profit grew by 19% over eight months — Ведомости
- Sberbank increased net profit by 19% for eight months — Коммерсантъ
- Sber increased corporate lending by 2.3% and retail by 1.3% in August on a Russian GAAP basis — Интерфакс
- Sberbank increased net profit by 19% in January-August — Интерфакс