The press service of the bank known as Trust, a repository for non-core assets, has announced the sale of 90.01 percent of the shares in JSC Tochka. The move signals a strategic shift as Trust looks to unlock value from non-core holdings and streamline its asset portfolio. Tochka itself is a fully digital bank that delivers a broad spectrum of financial and related services tailored to the needs of entrepreneurs and business customers. Source: Bank press service.
Bids are set to be submitted through the Fabrikant electronic commerce platform on June 26, with the designated lot valued at 22.7 billion rubles. Applications are accepted until June 17. The package on offer includes Tochka JSC and all of its subsidiaries, including Bank Tochka LLC. Source: Bank press service.
Tochka has established itself as a profitable digital bank that operates under its own banking license and serves a robust client base drawn from small and medium-sized enterprises. This segment is widely regarded as one of the most promising for growth. Despite the turbulence that has affected the broader economy, Tochka reported profitability for the most recent financial year and has continued to show positive momentum, including rising commission income. The bank also holds a universal banking license that enables it to serve individuals, expanding the potential for business development and cross-sell opportunities. Source: Bank press service.
According to the Russian Accounting Standards (RAS), Tochka JSC posted a net profit of 6.2 billion rubles at the end of 2022, which was 40 percent above the target plan. In the first two months of 2023, the net profit reached 1.1 billion rubles. These figures underscore Tochka’s resilience and the bank’s ability to maintain steady profitability in a challenging macro environment. Source: Bank press service.
Analysts monitoring the transaction note that the sale of a controlling stake in Tochka reflects a broader strategy to optimize asset allocation and focus capital on core operations where the bank sees the greatest potential for value creation. For Tochka, maintaining a strong SME franchise and leveraging a licensed digital platform positions it well to scale in a rapidly evolving payments and financial services landscape. Observers also highlight that the transaction could influence funding conditions, credit dynamics for SME borrowers, and competitive positioning among digital banks in the region. Source: Market context and bank commentary.