MOSCOW, July 29. /TASS/. Sber has lowered its forecast for Russia’s GDP growth in 2026 to 0%-0.5% from 0.5%-1%, Sberbank Chief Financial Officer Taras Skvortsov said during a conference call.

He also said that Sber’s analysts had raised their inflation forecast for this year to 6.5%-7% from 6%-6.5% in the bank’s April outlook.

Sberbank maintained its forecast for retail lending growth at 5%-8% but lowered its projection for corporate loan portfolio growth to 8%-10% from 10%-12%.

Sber itself expects its retail lending business to outperform the market, while its corporate lending growth is projected to be in line with the sector.

The bank also raised its forecast for its own net interest margin in 2026 to 6.2% from 5.9%, while sharply cutting its forecast for net fee and commission income growth to 0% from 5%-7%.