Sberbank of Russia (SBER) Investor presentation summary

Market and economic environment

• Russian GDP growth is forecasted at 1–1.5% for 2026, with inflation expected at 5–6% for the year.

• The Russian economy showed signs of slowing in Q1 2026, but household income growth accelerated due to payroll increases.

• B2B turnover grew 24.1% YoY in Q1 2026, with notable growth in retail and scientific sectors.

Client base and digital ecosystem

• Active retail clients reached 110.4 million, with 3.5 million active corporate clients.

• SberPrime subscribers grew to 23 million, benefiting from a wide range of partner offers and digital services.

• Sber ID users totaled 122.4 million, and SberSpasibo loyalty program users reached 102.2 million.

Financial performance Q1 2026

• Net income rose 16.5% YoY to RUB 507.9 bn, with EPS up 16.7% to RUB 23.8.

• Net interest income increased 18.2% YoY to RUB 984.3 bn, and net fee & commission income grew 0.6% YoY to RUB 204.5 bn.

• Return on equity reached 24.4%, and the cost-to-income ratio improved to 26.7%.