Sovcombank's net profit for the first quarter of 2024 under IFRS increased by 11% and amounted to RUB 25 billion (RUB 1.21 per share). For the 12 months ended March 31, 2024, Sovcombank's net profit amounted to 97 billion rubles. Net profit excluding one-time income amounted to RUB 12.1 billion and increased by 26%. This is stated in the bank's message.
The Bank's share capital has grown by 14% since the beginning of the year to 301 billion rubles. Assets have increased by 13% since the beginning of the year to 3.6 trillion rubles.
The retail loan portfolio has grown by 32% since the beginning of the year to 1.1 trillion rubles. The corporate loan portfolio has grown by 8% since the beginning of the year to 1.2 trillion rubles.
Current accounts and customer deposits increased by 9% to 2.7 trillion rubles.
Net interest income increased by 11% to RUB 36 billion. Net commission income decreased by 0.9 billion rubles as planned. or 14% and amounted to 5 billion rubles.
Sovcombank PJSC is a universal bank with assets of 1.6 trillion rubles according to IFRS. It is included in the list of systemically important credit institutions (NWCS) of the Bank of Russia. The Bank serves 8.3 million individuals, including 7.6 million borrowers and more than 500 thousand depositors.
