According to data in the financial institution’s report under IFRS, Sovcombank’s net profit at the end of 2023 reached 95 billion rubles (4.6 rubles per share). At the same time, regular net profit amounted to 62 billion rubles, and irregular – 33 billion rubles.
“Last year was a historic year for us. Sovcombank launched an IPO and at the same time showed record results in terms of net profit throughout the entire history of the bank. We created additional reserves in the loan portfolio in order to get through the high interest rate period in 2024 as comfortably as possible and aim to maintain growth rates this year as well.” “We are waiting,” he said.
The bank plans to propose to the board of directors the issue of paying dividends of 30% of net profit for 2023 at the annual shareholders meeting to be held in June 2024. Thus, dividends will be 1.1 rubles per share. This recommendation takes into account interim dividends in the amount of 5 billion rubles for 2023, which have already been paid in the 4th quarter of last year.
Previously Sovcombank announced About his intention to acquire Home Bank. The deal is expected to be completed by the end of 2024.