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Sovcombank's 1H 2019 Net Profit Hits RUB 13 Billion

Sep 05, 2019 - PR Newswire

PR Newswire

Sovcombank's net profit grew by 21.2% y-o-y. Net interest income increased by 24% to RUB 26.4 bn (billion), whilst net fee and commission income rose by 26% to RUB 11.7 bn. Equity expanded by 11% to RUB 127 bn driven by an increase in net profit and an additional RUB 6.1 bn issue of shares to foreign investors in April 2019. The Bank paid its shareholders around RUB 5.9 bn in total dividends for 6M 2019.

In recent reporting periods, the Bank has enjoyed ...