Sberbank increases corporate loans to IFRS 7.1% in Q3, retail loans 2.1%

MOSCOW. Oct 28 (Interfax) - Sberbank increased corporate lending 7.1% in Q3 2025 after 1.8% in Q2 and boosted retail lending 2.1% (0.9% in Q2), according to a press release from the bank on its results to International Financial Reporting Standards (IFRS).

The total loan portfolio grew 4.7% in Q3 and is up 6.9% since the beginning of the year (excluding foreign exchange revaluation), totaling 48.4 trillion rubles.

The corporate loan portfolio in Q3 grew 7.9% since the beginning of the year (+10.1% excluding foreign exchange revaluation) and reached 29.9 trillion rubles. The yield on corporate loans decreased in Q3 by 112 basis points (bps) to 16.5%.

The bank issued 6.6 trillion rubles in corporate loans in Q3.

The loan portfolio of small and medium-sized business (SME) clients amounted to 7 trillion rubles (7.3 trillion in Q2).

The retail loan portfolio grew 2.1% in Q3, amounting to 18.5 trillion rubles. The yield on retail loans decreased over the quarter by 84 bps to 17%.

The mortgage portfolio grew 2.5% in Q3 or 5.1% since the beginning of the year and amounted to 11.7 trillion rubles.

Mortgage loans issued for the quarter increased to 776 billion rubles (+17% year-on-year).

The consumer loan portfolio for Sberbank Group remained almost unchanged for the quarter (+0.01% after a 5.1% decrease in Q2) but fell 10.6% since the beginning of the year to 3.6 trillion rubles, under pressure from high rates in the economy and tightening regulation, Sberbank said. Issued consumer loans fell 30% YoY in Q3 to 516 billion rubles.

The credit card portfolio increased 1.5% for the quarter or 8.3% since the beginning of the year and amounted to 2.5 trillion rubles.

The auto loan portfolio grew 9.8% in Q3 or 7.1% since the beginning of the year, increasing to 0.6 trillion rubles.

Corporate deposits increased 7% for the quarter (+6.7% excluding foreign exchange revaluation) or 4.5% (+7.9% excluding foreign exchange revaluation) since the beginning of the year, reaching 17.6 trillion rubles. The cost of corporate deposits fell in Q3 by 198 bps to 11.5%.

Retail deposits exceeded 30.3 trillion rubles, growing 2.0% for the quarter (1.7% excluding foreign exchange revaluation) or 9.0% since the beginning of the year (+10.3% excluding foreign exchange revaluation). The cost of retail deposits decreased by 108 bps over the quarter to 10.8%.

The share of stage 3 loans, including initially impaired ones, increased to 4.8% from 4.5% at the end of H1 (+1.1% since the beginning of the year), mainly due to the retail segment. The quality of the total loan portfolio in Q3 remains under pressure from high interest rates in the economy, Sberbank said.