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Sovcombank earned RUB 16 billion in 9-month IFRS net profit

IFRS net profit of Sovcombank for 9 months of 2018 amounted to RUB 16 billion, the bank informed.

The bank's earnings from the regular business increased by 8% year-on-year to RUB 14 billion. Net interest income increased by 25% to RUB 27.4 billion, net fee & commission income by 18% to RUB 14.6 billion.

For the 9-month period in 2018, the bank's equity capital grew by RUB 28 billion to RUB 113 billion, assets by 25% to RUB 863 billion.

PJSC Sovcombank (Kostroma city, reg. no. 963, 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. The bank is currently active in 74 federal subjects of Russia, its regional network comprises 3 branches and more than 300 other structural units.

"AK&M", 11.01.2019 13:13


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