MTS Bank has signed an agreement to acquire 100% of the shares in the authorized capital of RNKB Insurance LLC. This is stated in the message of the bank.
MTS Bank's acquisition of its own insurance company is the first step in the development of a comprehensive InsurTech business. The new insurance solutions will be seamlessly integrated into the customer experience of both MTS Bank users and MTS' multimillion-dollar subscriber base (over 80 million).
MTS Bank currently offers insurance products to customers in partnership with insurance companies based on an agency model in the life and non-life insurance (Life and Non-Life) segments.
RNKB Insurance has valid licenses for voluntary property insurance and voluntary personal insurance (with the exception of life insurance), as well as ready-made IT infrastructure, which will allow the bank to launch sales of non-life insurance based on the RNKB Insurance license in the first half of 2026, the report says.
In March 2023, RNKB Insurance joined the VTB Group's perimeter after its acquisition of RNKB Bank. Ilya Filatov, the former head of MTS Bank, announced his interest in insurance assets in November 2024. In June 2025, RNKB was merged into VTB, and in July RNKB Insurance transferred its insurance portfolio to Rosgosstrakh (part of the VTB Group). At the end of December 2025, the Board of directors of MTS Bank considered the issue of "the bank's participation in the authorized capital of a legal entity," but did not disclose any details, Kommersant recalls.
Since October 11, 2021, the name of LLC IC "Constanta" has been changed — LLC was renamed LLC RNKB Insurance. The company offers clients financial protection insurance products for loan borrowers, property protection for individuals and legal entities, corporate programs to protect property and financial interests of businesses, and comprehensive solutions to protect employees.
MTS Bank PJSC is a universal commercial bank, one of the 50 leading Russian banks. MTS Bank's network of service offices covers more than 50 cities in 30 of the largest regions of Russia. The main shareholder is a private limited liability company Mobile TeleSystems B. V., a subsidiary of PJSC Mobile TeleSystems.
MTS Bank's net profit under IFRS in January-September 2025 decreased by 20.2% to RUB 9.5 billion. Net interest income for 9 months decreased by 2.2% to 31.4 billion rubles.
Read our Telegram channel "Mergers and Acquisitions. AK&M».
