During the third quarter of 2024, T-Technologies reported revenue of 264.4 billion rubles, more than doubling the 128 billion rubles earned in the same period a year earlier. The surge reflects the consolidation of the group’s activities from the portfolio that includes T-Bank, T-Investments, T-Mobile and Rosbank, following its entry into the group in August. This enlarged footprint in both traditional banking and digital financial services demonstrates the scale and breadth of the company today. (Source: T-Technologies quarterly report, 3Q 2024)
The company’s net profit rose by 60 percent to 37.8 billion rubles, with Rosbank contributing 7.5 billion rubles. The one-off impact of the transaction on the group’s net income was minimal, helping preserve a clean earnings line. For the January–September 2024 period, net profit for T-Technologies, Rosbank included, climbed 39 percent year over year. This pattern underscores the profitability of the expanded group and the strength of its diversified earnings mix. (Source: T-Technologies quarterly report, 3Q 2024)
The management projects further profitability growth, expecting net profit to rise by more than 40 percent by the end of 2024 versus 2023. In line with the dividend policy, T-Technologies distributes up to 30 percent of net profit as dividends, and the company plans to begin payments to shareholders this year for the first time since 2021. This signals the board’s confidence in earnings durability and the company’s commitment to shareholder value. (Source: T-Technologies corporate notice, 3Q 2024)
The report shows the T ecosystem expanded to 45.7 million active customers, up 21 percent from the prior year, while total purchasing turnover increased 36 percent to 2.4 trillion rubles. Notably, every second active customer uses at least two of the company’s products, and more than 14 million people access T applications daily. The data highlight a deeply interconnected platform that blends payments, savings, investments and digital services, driving stickiness and cross-sell opportunities. (Source: T-Technologies quarterly report, 3Q 2024)
Return on equity for the third quarter stood at 37.8 percent, above the market average. When Rosbank is excluded from the calculation, ROE remains above 40 percent, signaling high capital efficiency across the core business and the added scale from Rosbank’s integration. These ratios point to robust profitability relative to shareholder capital even in a dynamic rate environment. (Source: T-Technologies quarterly report, 3Q 2024)
By the end of September, the group counted more than 24 million active customers in the debit cards and current accounts segment, with total funds in current accounts and deposits at 2.78 trillion rubles. The SME segment included 770 thousand active customers, holding a collective cash balance of 396 billion rubles. T-Investments serviced 4.2 million active customers, with brokerage assets totaling 1.2 trillion rubles. This breadth across consumer banking, SME finance and asset management underlines the group’s comprehensive financial platform. (Source: T-Technologies quarterly report, 3Q 2024)
T-Bank chairman Stanislav Bliznyuk stated that the key financial indicators for the group, Rosbank included, in the third quarter of 2024 show positive momentum right alongside a backdrop of rising key rates. He emphasized that the results demonstrate the resilience of the business model to macroeconomic changes. On November 28, the group’s shares began trading under the new T code across all brokerage applications, marking the first single-letter stock code in Russia. Bliznyuk added that the rename to T-Technologies completes the brand transformation, aligning the corporate identity with a strategic focus on developing technological products and innovations. (Source: T-Technologies corporate remarks, 3Q 2024)