Central Bank Raises 2026 Bank Profit Forecast to 4.4 Trillion Rubles

The Central Bank of Russia revised its forecast for bank profits in 2026 from 3.4-3.9 trillion rubles to 3.9-4.4 trillion rubles.

Consensus

The Central Bank of Russia increased its 2026 profit forecast for Russian banks to 3.9–4.4 trillion roubles.
The increase in the profit forecast is attributed to high actual margin levels.
The banking sector's net profit in the first half of 2026 reached 2.3 trillion roubles.
The Central Bank revised its forecast for client funds growth in 2016 to 7–12%
The Central Bank reported that the banking sector's net profit grew by 36% in the first half of 2016 compared to the same period in the previous year.

The Central Bank reported that net profit in the first quarter of 2026 was 2.3 trillion roubles, a 36% increase from the same period in the previous year. — vedomosti
The Central Bank reported that net profit for the second quarter of 2026 was 1.1 trillion roubles, exceeding the initial forecast. — vedomosti
The Central Bank noted that the net interest margin increased to 5.5% due to faster reduction in funding costs compared to asset yields. — vedomosti
In July 2026, the banking sector's profit reached 443 billion roubles, driven by reduced expenses for provisioning against problem assets. — vedomosti
On 24 July 2026, Central Bank Governor Elvira Nabiullina stated there were no risks to the stability of the banking sector and that bank capital was sufficient. — vedomosti
On 17 July 2026, the Central Bank reported that net profit in June 2026 increased by 3.3% from May and amounted to 374 billion roubles. — vedomosti
The Central Bank revised its forecast for the growth of client funds in 2026 to 7-12%, up from a previous forecast of 5-10%. — interfax
The Central Bank expects client funds growth in 2027 to be 6-11%. — interfax