DOM.RF Q2 2026: NII Growth Decelerates but Remains Strong; Profit Up 22%

DOM.RF reported Q2 2026 net interest income of RUB 52,154m, up 29.6% YoY, and net profit of RUB 28,705m, up 22.2% YoY. Growth in NII decelerated from 42.6% YoY in Q1 2026, while net profit growth slowed from 82.5% YoY in the prior quarter.

Q2 2026 YoY Growth

Key Drivers

The result was driven by continued strong net interest income growth, albeit at a slower pace than in Q1 2026. Net profit growth also moderated, reflecting a higher base and possibly increased provisioning or operating expenses, though specific drivers were not disclosed.

Key Figures

Outlook

With equity growing to RUB 480,788m, DOM.RF maintains a solid capital base. The deceleration in NII growth suggests a normalization from the elevated levels seen in late 2025 and Q1 2026. We watch for management's guidance on full-year profitability and any updates on dividend policy, which were not provided in this release.