Board of Directors of MTS Bank decided to increase the authorized capital by placing 6,925,812 shares, which will amount to no more than 20% of the current authorized capital of the bank. Securities are planned to be placed by open subscription. Price of placement will be set by the Board of Directors later. Goals of the additional issue: building up the loa...

MTS Bank's IFRS net profit for 2024 amounted to ₽12.4 billion, down 0.8% from ₽12.5 billion in the previous year. Net interest income rose 15.9% to ₽41.6 billion versus ₽35.9 billion a year earlier.

MTS-bank is interested in assets in the insurance sector, studying transactions that will be complementary to its business model, said the head of the bank Ilya Filatov at the investor day. According to him, the bank is looking for an M&A partner that will be complementary to its business.

MTS-Bank's IFRS net profit for the first 9 months of 2024 was ₽11.9 billion, an increase of 8.2% compared to ₽11 billion in the previous year. Net interest income increased by 22.1% to ₽32.1 billion from ₽26.3 billion a year earlier.