Sovcombank's net profit under IFRS for 2024 decreased by 19% compared to 2023 and amounted to 77 billion rubles (3.73 rubles per share). Regular net profit increased by 19% to 76 billion rubles. This is stated in the message of the bank.
Revenue increased twofold to RUB 722 billion. Assets increased by 27% year-on-year and amounted to 4 trillion rubles as of December 31, 2024.
Capital increased by 31% year-on-year, reaching 390 billion rubles, including subordinated debt of 57.8 billion rubles, 23.5 billion rubles of dividends paid in July 2024, and 11.5 billion rubles raised from 51 thousand investors during the IPO in December 2023. The return on equity (ROE) was 26%.
In the retail segment, the bank increased revenue by 71% year-on-year to RUB 347 billion. Sovcombank's retail loan portfolio increased by 61% to 1.3 trillion rubles. In the corporate segment, Sovcombank showed revenue growth of 83% to RUB 257 billion. The corporate loan portfolio grew by 26% to 1.4 trillion rubles.
Sovcombank PJSC is a universal bank with assets of 1.6 trillion rubles under IFRS. It is included in the list of systemically important credit organizations (NWCO) of the Bank of Russia. The Bank serves 8.3 million individuals, including 7.6 million borrowers and more than 500,000 depositors.
