Sovcombank disclosed that it allocated 748 million rubles to social investments for the first half of 2024, a figure unveiled in the bank’s inaugural social report. The data highlight the breadth of the bank’s community-focused initiatives and its commitment to measurable impact during the period.
The report notes that the bank extended support to 193 organizations and reached 150 thousand customers in the first six months of the year. This broad outreach showcases Sovcombank’s deliberate effort to scale social programs across charitable, community, and customer-centric domains, aligning with its overarching mission to contribute to societal wellbeing.
As stated by Sergei Khotimsky, First Deputy Chairman of the Board, the report captures every facet of social investment. It covers funding for charitable and social projects, as well as services provided at market-based prices. The document also features the federal program with Skolkovo, titled “Technologies for Good,” alongside Sovcombank’s own charity platform, “Sovcombank for Good,” which together anchor the bank’s grant-making and service initiatives.
“Our approach is about giving practical tools rather than just handouts. We provide shareholders, customers, and partners with reliable resources—tools that empower dozens of good causes to sustain themselves and grow,” Khotimsky remarked. This philosophy underpins the bank’s strategy of enabling sustainable support rather than transient assistance, fostering lasting partnerships with non-profit organizations and community groups.
The bank also clarified that access to Sovcombank’s user-friendly platform was extended to potential clients during the first half of 2024. The platform now includes a dedicated personal account for funds, cashback options, welcome points, and additional features designed to enhance the user experience and simplify charitable giving. In line with its mission, Sovcombank’s digital tools are positioned to streamline engagement for non-clients while building long-term relationships with new customers.
In 2024, the “Technologies for Good” project expanded with new products and services, and several subsidiaries began offering free services to charitable organizations in partnership with Sovcombank. Through these collaborations, the bank sustains a multi-faceted approach to social investment, combining capital support, in-kind services, and technology-driven solutions to maximize positive societal outcomes. This integrated model reflects Sovcombank’s commitment to measurable social impact and its belief in enabling communities to thrive through practical support and innovative programs.