---
title: "Sberbank profit hits record $12.6bn as strain spreads through Russia's banks"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296000667.md"
description: "Sberbank, Russia's largest state-controlled lender, reported a record IFRS net profit of RUB1.01tn ($12.6bn) for the first half of 2026, marking a 19% year-on-year increase. Despite these record earnings, the broader Russian banking sector faces underlying challenges, including mounting bad debts, a flight to cash, and an unmeasurable corporate loan pile."
datetime: "2026-08-15T11:48:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296000667.md)
  - [en](https://longbridge.com/en/news/296000667.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296000667.md)
generator: "portal-rs"
---

# Sberbank profit hits record $12.6bn as strain spreads through Russia's banks

By Ben Aris in Berlin Russia's banks are earning more than ever, yet beneath the record profits lie mounting bad debts, a flight to cash and a corporate-loan pile that few in Moscow can measure. The country's largest lender, state-controlled Sberbank, posted a record IFRS net profit of RUB1.01tn ($12.6bn) in 1H26, up 19% year on year, with a return...

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**