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Russia's Sberbank reports record profits for 2024

Russia's largest lender Sberbank has today reported record annual profits of 1.56 trillion roubles ($15.22 billion) for 2024, helped by strong growth in corporate borrowing and high interest rates, which ended the year at 21%.
Business • 17 Jan

Russia's Sberbank posts strong third quarter profits

Russia's dominant lender Sberbank has today reported a record quarterly profit of 411.4 billion roubles ($4.41 billion) and a return on equity (ROE) of 27.6% as it recovers from slumping profits in 2022.
Business • 02 Nov 23

Russian central bank raises key rate amid weaker rouble

Russia's central bank raised its key interest rate for the third time in two months today as it grapples with higher inflation and a weaker rouble.
Business • 15 Sep 23

Russian central bank cuts key rate to 17% from 20%

The Russian central bank sharply cut its key rate to 17% today and said it holds open the prospect of further cuts at upcoming meetings.
Business • 08 Apr 22

Bank for International Settlements suspends Russia

The Bank for International Settlements, considered the central bank of central banks, said today it was suspending the Bank of Russia, deepening Moscow's financial isolation over its war in Ukraine.
Business • 10 Mar 22

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