CREDIT BANK OF MOSCOW (CBOM) Q4 2025 earnings summary

Executive summary

• Net profit for 2025 reached RUB 22,611 million, up from RUB 20,887 million in 2024, with EPS rising to RUB 0.57 from RUB 0.48 year-over-year.

• Total comprehensive income for 2025 was RUB 29,478 million, a significant increase from RUB 2,490 million in 2024.

• The bank remains among the top 10 in Russia by assets, with a focus on corporate and retail banking.

Financial highlights

• Interest income rose to RUB 743,720 million in 2025 from RUB 664,579 million in 2024.

• Net interest income remained stable at RUB 105,230 million (2024: RUB 105,838 million), but after credit loss allowances, it turned negative at RUB -118,962 million (2024: RUB 64,273 million).

• Fee and commission income was RUB 19,094 million, with net fee and commission income at RUB 13,187 million.

• Operating income was RUB 67,735 million, down from RUB 64,068 million in 2024.

• Profit before tax increased to RUB 32,129 million (2024: RUB 22,599 million).

• Total assets decreased to RUB 4,873,717 million from RUB 5,008,951 million at year-end 2024.

• Loans to customers fell to RUB 2,352,372 million from RUB 2,697,626 million.

• Customer deposits dropped to RUB 2,811,263 million from RUB 3,178,512 million.

• Debt securities issued decreased to RUB 90,006 million from RUB 168,914 million.

Outlook and guidance

• The Russian economy grew by 1% in 2025, with inflation slowing to 5.6% and the CBR key rate reduced to 16%.

• Management expects continued tight monetary conditions and ongoing sanctions pressure.