Sberbank to continue looking into possibility of divesting from several non-core assets

MOSCOW. Oct 28 (Interfax) - Sberbank will continue looking into the possibility of divesting from a series of non-core assets in 2026 and later, Sberbank CFO Taras Skvortsov said.

"In the non-financial business we are not always making profits, and for some businesses we are making the decision to divest from assets, for example, we have divested from Eapteka and this has been reflected correspondingly in our financial report. We will also examine these options for 2026 and for the next strategy [from 2027-2029]," Skvortsov said during a conference call on Tuesday.

He also said that the non-financial business was sure to become profitable as the next strategy for 2027-2029 begins to have an impact.

"I think that as the next strategy is put in place, the non-financial business will definitely be without losses. As for a more precise date, year or quarter, when we are preparing the strategy, we will assess and disclose it," Skvortsov said.

Sberbank's divestment from online retailer Eapteka, in which it sold its 45% stake to companies owned by businessman Alexei Repik, was announced in September 2025. As a result of the deal, signed in spring 2025, 100% of the retailer is now owned by Repik's businesses, the Vedomosti newspaper wrote, citing sources. The newspaper said that Sberbank had profited from the divestment.

It has been reported that the Sber group's negative result from non-core activities grew 26% to 284 billion rubles in 2024.