Sberbank Net Profit Up 17.6% in 10M 2026, October Growth Slows

Sberbank reported a 17.6% increase in net profit for January-October 2026, reaching 1,669.7 billion rubles, with October profit up 12.6% to 168.5 billion rubles. The growth, while strong, shows a slight deceleration from prior months, possibly reflecting higher provisioning or margin pressure. This signals continued resilience in Russia's banking sector despite sanctions, but the slowdown warrants monitoring.

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