CREDIT BANK OF MOSCOW (CBOM) Q1 2026 earnings summary

Executive summary

• Net profit for Q1 2026 reached RUB 14,294 million, a significant increase from RUB 2,304 million in Q1 2025.

• Operating income rose to RUB 25,791 million from RUB 11,047 million year-over-year.

• Total comprehensive income for the period was RUB 17,313 million, up from RUB 2,973 million.

Financial highlights

• Net interest income increased to RUB 29,810 million from RUB 21,300 million year-over-year.

• Net fee and commission income was RUB 2,903 million, down from RUB 3,410 million.

• Earnings per share rose to RUB 0.40 from RUB 0.04.

• Total assets stood at RUB 4,738,675 million as of 31 March 2026, down from RUB 4,873,717 million at year-end 2025.

• Loans to customers decreased to RUB 2,289,448 million from RUB 2,352,372 million at year-end.

Outlook and guidance

• The Russian business environment remains under sanctions pressure, with macroeconomic stabilization observed in Q1 2026.

• Inflation stabilized at 5.9% in March 2026, and the CBR reduced the key rate to 14.5% in April 2026.