Content |
Main article: T-Bank
2024: Profit growth by 31% to 61 billion rubles
T-Bank increased its profit according to Russian accounting standards (RAS) by 31% in 2024 to 61 billion rubles. This is stated in operating results published on January 24, 2025.
According to the press service of T-Bank, the total number of ecosystem customers reached 47.8 million people, an increase of 18% compared to December 2023. The number of active users increased by 16%, amounting to 32.4 million people.
T-Technology President Stanislav Bliznyuk noted that the bank serves half of the working-age population of Russia, while half of active customers use at least two ecosystem products.
The total volume of purchases on bank cards for 12 months of 2024 reached ₽9 trillion, showing an increase of 33% compared to 2023. The volume of customer funds and assets under management amounted to ₽5,4 trillion, an increase of 27%.
The total loan portfolio of T-Bank and Rosbank under RAS at the end of December 2024 amounted to ₽2,6 trillion, showing an increase of 4.5% over the year. Customer funds in T-Bank accounts increased by 89% and reached ₽3,1 trillion.
According to the press service, in January 2025, the integration of Rosbank as a branch of T-Bank was completed, during which the products of more than 3 million customers were migrated in 44 minutes. The group's financial results on international financial reporting standards for the fourth quarter and all of 2024 are scheduled to be released in March 2025.
The total capital of T-Bank under RAS at the end of December 2024 reached ₽310 billion, an increase of 26.9% over the year. The Bank complies with the capital adequacy requirements of the Central Bank.
In 2025, the company plans to focus on effective business development investments and expanding its loyalty program for stockholders.[1]
2023: Profit growth 2.5 times to 36.98 billion rubles
Tinkoff Bank's net profit in 2023 increased 2.5 times - to 36.98 billion rubles from 14.6 billion rubles in 2022. The credit institution disclosed such data in its reporting under RAS, published in early April 2024.
As Kommersant writes with reference to this document, Tinkoff Bank's profit before tax for 2023 reached 47.97 billion rubles against 18.47 billion rubles a year earlier. Net interest income of the credit institution in 2023 increased from 127.21 billion to 209.35 billion rubles. The bank's commission income amounted to 213.32 billion rubles against 161.07 billion rubles in 2022. Commission expenses for 2023 amounted to 116.35 billion rubles against 90.08 billion rubles for the previous year.
The funds of bank customers who are not credit institutions in 2023 increased to 1.78 trillion rubles from 1.27 trillion rubles a year earlier. Deposits of individuals, taking into account individual entrepreneurs, - up to 1.49 trillion rubles, while in 2022 the indicator was measured at 953.08 billion rubles. The total amount of Tinkoff Bank assets in 2023 increased to 2.18 trillion rubles from 1.54 trillion rubles in 2022.
It follows from the IFRS report that in 2023 the volume of Tinkoff Bank's loan portfolio minus reserves increased by 60% compared to the previous year, to 972 billion rubles (as of December 31, 2022, it amounted to 606 billion rubles). The total loan portfolio grew by 53%, to 1.12 trillion rubles (as of December 31, 2022 - 732 billion rubles).
According to the results of 2023, the share of non-performing loans in the bank's loan portfolio reached 9.5%, showing an improvement compared to the previous year (12.1%). The ratio of provisions for possible losses on loans to the volume of non-performing loans amounted to 140.2% as of December 31, 2023 against 141.5% compared to the same period in 2022.
Tinkoff Bank Report on RAS for 2023
2014: Net profit 3.4 billion rubles
The net profit of Tinkoff Bank in 2014 amounted to 3.4 billion rubles, compared to 5.8 billion rubles in 2013. Net interest income increased by 15% compared to 2013 and amounted to 30.8 billion rubles, in 2013 - 26.9 billion rubles.
Net interest margin was 34.8% (in 2013 - 36.4%). The total loan portfolio grew by 12.8% compared to the previous year and reached 93.9 billion rubles (in 2013 - 83.4 billion rubles).
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |