IFRS net profit of Sovcombank for 9 months of 2020 amounted to RUB 22 billion, the bank informed.
Net fee & commission income stayed flat at RUB 18 billion, despite lower customer traffic. Net interest margin stayed flat at 6.5%.
Assets increased by 38% to reach RUB 1.6 trillion (RUB 1.1 trillion as of December 31, 2019).
PJSC Sovcombank (Kostroma city, tax number: 4401116480) specializes in lending to individuals and securities transactions. The bank was established 1990. The bank took over ARCA, a chain of credit agencies, in 2007, GE Money Bank in 2014, ICICI Eurasia in 2015.
