Sovcombank's RAS net profit for 2024 amounted to ₽49.5 billion, down 44.4% from ₽89 billion in the previous year. Net interest income rose 7.5% to ₽135.68 billion against ₽126.19 billion a year earlier.

The accession procedure lasted 11 months. The transaction was implemented in two stages: at the first stage, Sovcombank acquired 10% of Home Bank for cash, and at the second-the remaining 90% by issuing 1.8 billion new shares of the Bank. The number of issued shares of Sovcombank will increase from 20.7 billion to 22.5 billion units after the registration of...

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.