In the fourth quarter of 2026, Sber expects an increase in risk in loans issued to businesses due to the deterioration of the borrower's financial condition, Deputy Chairman and CEO of Sberbank Tars Skvortsov said in a call with analysts. "It is the quality of the investment portfolio that causes us the greatest uncertainty and concern. In general, retail trends for almost all products without exception are quite positive. In the corporate sector, the period of high rates, high real rates, of course, continues to accumulate, and this negative effect is putting more and more pressure on the client, he said, adding that the break that arose in the cycle of cutting the key rate "pessimism." The central bank in the fall twice in a row left the rate at 14%. In 2025, the bank is preparing for a more negative economic scenario in several industries and has created reserves. In the third quarter, according to Skvortsov, some of these reserves were dispersed and began to be transferred to specific business projects. RBC channel at max.