Sovcombank's management plans to recommend shareholders to allocate about 25% of net profit to dividends for 2024, the bank's managing director Andrei Osnos said on a conference call on Friday. Top manager emphasized that the current situation remains quite volatile, but the preliminary plan assumes preservation of last year's dividend policy. Bank's profit...

Sovcombank's IFRS net profit for 2024 amounted to ₽77.23 billion, down 18.7% from ₽95.04 billion in the previous year. Net interest income rose 13.8% to ₽158.06 billion against ₽138.9 billion a year earlier. Commission income rose 47% to ₽39.5 billion.

Sovcombank completed the debut securitization of its ₽10 billion consumer loan portfolio A class bonds of ₽8 billion were successfully placed among retail and institutional investors with a monthly coupon of 23% per annum. Order book was oversubscribed by almost double. Successful completion of the transaction opens up new opportunities for the bank's capita...

Sovcombank's shareholders approved the placement of 1.8 bln additional shares to merge with HCF Bank. As a result, the bank's authorized capital will be increased by 9% to 2.25 billion.