Sberbank CEO targets higher profits; warns consumption may slow
Sberbank’s chief executive German Gref said the bank expects net profit this year above 2025 levels and another record in 2027, while warning declining consumption is a concern.
Sberbank RUS:SBER, Russia's biggest bank, expects net profit this year to be higher than in 2025 and to hit another record in 2027, its Chief Executive German Gref said, but he warned signs of declining consumption in the country are worrying.Sberbank earned a record 1.7 trillion roubles ($19.50 bi…