Сергей Хотимский: 2026 — год возможностей или кризиса? Что ждёт экономику и банки

Sergey Khotsimsky (Sovcombank) at the 37th Smartlab conference. What will the economy be like in 2026? Why might rates fall and stocks rise? Sovcombank co-founder Sergey Khotsimsky shares his forecasts for the market, rates, and the ruble exchange rate. 📊 Discussing: – The future of banks and shares of Sberbank and Sovcombank – What investors should do now – Rates, the ruble, and inflation: who will win? – Why 2026 could be the "new 2021" During the Smartlab conference, Sovcombank gave away 100 of its shares to new clients. Excellent news for those looking to start investing – the promotion continues after the conference! 👉How to participate: • Open a brokerage account with Sovcombank (promotion only for new clients) • Download the Sovcombank Investments app • Top up your account with 10,000 rubles in the month of opening • Open an account at this link: https://scb.im/GqdDen%20 👉PHOTOS AND PRESENTATIONS FROM THE CONFERENCE https://disk.yandex.ru/d/8X-MP0J3ZtXs6g 👉Best stock market analytics https://t.me/mozgovikresearch 👉Follow the latest news and special offers from the conference on our Telegram channel: https://t.me/smartlab_conf 00:00 Introduction 00:58 Economic Prospects for 2026 02:12 The Role of the Central Bank 03:49 Development Scenarios Market 04:30 Market Sector Outlook 05:26 Budget Impact on the Market 09:02 Economy Adapting to High Rates 12:19 Rate Forecasts 13:03 Fixed Rate Volatility 13:59 Investments in Floating Bonds 14:08 Investments in Stocks and Bonds 15:03 Long-Term Investments in Sberbank 17:00 Sovcombank Shares 19:13 Sovcombank Financial Results 20:11 Cost of Risk in the Banking System 22:08 Economic Cooling and Retail Lending 24:14 Prospects for Economic Cooling 24:32 Consumer Lending Crisis 26:18 Risks of a Banking Crisis 27:14 Tax Measures for Banks 29:38 Interest Rates and Liquidity 32:04 Ruble Exchange Rate and Economic Policy 33:56 High Salaries and the Ruble Exchange Rate 35:50 Adapting Business to High Salaries 36:37 Conditions for Market Transactions 37:41 Direct Foreign Currency Transfers 38:19 The Impact of the End of the Second Military School on the Economy 39:45 Conclusion #smartlab #confasmartlab #smartlab #smartlabconf #sovcombank #hotsimsky