Business
SBER: Net profit up 6.5% Y/Y, margins and market share rise, but economic headwinds persist
SBER: Net profit up 6.5% Y/Y, margins and market share rise, but economic headwinds persist
About this update from Sberbank
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.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.