Sberbank Eyes Record Profits Amid Slowing Demand
Russian lender Sberbank expects net profit to exceed last year and reach another record by 2027. However, Chief Executive German Gref warned that declining consumer demand and accelerating inflation present growing concerns for the economy.
Russia's Sberbank expects net profit this year to top its 2025 results and hit a record in 2027. Chief Executive German Gref warned that cooling retail demand poses a growing risk to the outlook. The bank earned 1.7 trillion roubles ($19.50B) in net profit last year despite international sanctions.
