Sovcombank has closed the deal to purchase Capital Life

Sovcombank has closed a deal to acquire 100% of Capital Life Insurance LLC, which is one of the largest players in the long-term life insurance market in Russia. Deal will have a positive impact on Sovcombank's consolidated earnings and capital in 2026. Bank has not disclosed the amount of the deal. RBC sources previously reported that Capital Life is valued at approximately one capital, or ₽30-40 billion.