Sovcombank plans to increase its free float share from 5% to 10% by July 1. To do this, the majority shareholder of Sovcombank, ICAO Sovco Capital Partners, will sell part of its shares on the open market, Sovcombank's Managing Director Andrey Osnos told reporters. Currently, Sovko Capital Partners owns 85% of the bank's shares, 10% belongs to a number of so...

Sovcombank's IFRS net profit for 3 months of 2024 was ₽25.014 billion, an increase of 10.8% compared to ₽22.579 billion in the previous year. Net interest income increased by 11.4% to ₽35.554 billion from ₽31.907 billion a year earlier.

Sovcombank's shareholders approved an additional issue of 1,173,000,000 shares for the purchase of Home Bank. Transaction will take place in two stages. First, a 51% stake in Home Bank will be acquired in exchange for Sovcombank shares. Second stage should take place by the end of 2024. It will include the acquisition of the remaining 49% of Home Bank shares...

Sovcombank's RAS net profit for 3 months of 2024 amounted to ₽11.443 billion, , down 2.7 times from ₽31.606 billion in the previous year. Net interest income rose 1.2% to ₽30.595 billion compared with ₽30.237 billion a year earlier. Commission income rose 27.7% to ₽16.526 billion.