Sberbank tops the ranking of Russia's most profitable companies.

For the first time, Sberbank topped the ranking of the most profitable Russian companies, according to Forbes' ranking of the 100 largest Russian companies by net profit.

Sberbank's net profit for 2024 increased by 4.8% to 1.58 trillion rubles. Rosneft took second place in the ranking, with profits down 12% to 1.34 trillion rubles. Gazprom took third place with net profit of 1.32 trillion rubles.

The total profit of the 100 companies in the ranking decreased by 0.5% to 13.172 trillion rubles. This was an expected result given the high key rate of the Bank of Russia in 2024, the slowdown in business activity, and rising debt servicing costs. Forbes expects a further decline in total profits for the 2025 ranking due to a number of factors, including an increase in the corporate income tax rate from 20% to 25%, a high Central Bank rate, and a strengthening ruble.

On February 27, Sberbank announced its IFRS financial results for 2024. The bank's return on equity was 24%. The number of retail clients increased by 1.4 million since the beginning of the year to 109.9 million, and the number of active corporate clients increased by more than 150,000 to 3.3 million. The total loan portfolio increased by 16.4% to RUB 45.9 trillion, and total client funds increased by 21.6%, exceeding RUB 44.6 trillion.

On August 22, Sberbank completed its dividend payment for 2024. Shareholders received 786.9 billion rubles. The dividend amounted to 34.84 rubles per ordinary and preferred share. Fifty percent of net profit was allocated for the payment. Of this amount, 393.46 billion rubles went to the state shareholder, and a similar amount was distributed among more than 2 million individuals and legal entities.