Financial indicators of MTS Bank

Main article about the bank: MTS Bank

2023: Profit record - 12.46 billion rubles

In 2023, the net profit of MTS Bank amounted to 12.46 billion rubles, which is 3.8 times more than the profit a year ago in 3.29 billion rubles. The revenue of the credit institution during this time rose from 67.24 billion to 91.14 billion rubles. The MTS group published its reports at the end of March 2024.

From the published documents it follows that the portfolio of loans to individuals from MTS Bank by the end of 2023 amounted to 339.1 billion rubles, having increased by a third compared to the previous year. In MTS, the bank's record results were associated with high dynamics of portfolio growth, diversification of income sources and strong performance indicators. By the end of 2023, MTS Bank had 3.83 million customers against 3.54 million people a year earlier.

source = MTC Bank

As part of its strategy, MTS Fintech strives to continue active growth, remaining one of the key drivers of the ecosystem and creating the best digital services in the retail financial services market. At the same time, we are developing the bank as an independent and investment attractive business that meets the best corporate governance practices, "said Vyacheslav Nikolaev, President and Chairman of the Board of MTS Group.

MTS Bank is responsible for the fintech direction in the MTS ecosystem. In 2023, MTS Bank recorded an OIBDA indicator (operating income before depreciation of fixed assets and intangible assets) in the amount of 16.87 billion rubles against 6.31 billion rubles in 2023. The main revenues of the bank fall on the Russian market: there in 2023 the revenue of the financial institution reached 90.54 billion rubles against 66.39 billion rubles a year earlier. The number of users of the bank's mobile application for the year increased from 2.05 million to 2.15 million people. By the end of 2023, MTS Bank ranked 24th in terms of assets among Russian banks.

MTS Report 2023

2022: Revenue growth by 38% to RUB 67.14 billion

At the end of 2022, MTS Bank raised 67.14 billion rubles, which is 38% more than a year earlier. At the same time, the net profit of the credit institution in comparison with the same periods decreased by 37% and amounted to 3.15 billion rubles. Such data are contained in the reports of the MTS group, which were published in early March 2023.

According to Interfax, citing MTS materials, the number of MTS Bank customers in 2022 increased by 19.4% to 3.5 million people. It also follows from the document that MTS revenue from financial services (this also includes revenues from mobile commerce, investments, factoring and a credit broker) in 2022 reached 68 billion rubles, an increase of 40.4% on an annualized basis.

MTS Bank revenue for 2022 increased by 38%

In its reporting, MTS calls its digital bank dynamically developing and notes that its strategic focus is on the retail lending segment and everyday banking services. By the end of 2022, the number of active users of payment and digital services of MTS Bank amounted to almost 12 million, including 3.5 million bank customers. The share of sales of basic products (consumer loans and credit cards) through digital channels exceeded 80%. In 2022, MTS Bank's retail loan portfolio grew by 23%, which, as noted in MTS, is higher than the dynamics of the market as a whole (+ 11%) and the indicators of the top 10 banks (+ 6%). In 2021, growth rates were measured at 62%, 22% and 23%, respectively. The total loan portfolio of individuals from MTS-Bank at the end of 2022 amounted to 255.77 billion rubles against 205.61 billion rubles a year earlier.

The income of MTS Bank from the provision of services to individuals in Russia in 2022 amounted to 58.17 billion rubles against 60.44 billion rubles in 2021. In the corporate segment, revenue rose from 7.03 billion to 8.23 billion rubles.^[1]

2019

Net profit under IFRS tripled to RUB 1.82 billion

On April 6, 2020 TAdviser , it became known about the results of work for 2019 MTS"-" Bank based on international financial reporting standards (). IFRS MTS Bank's net profit amounted to 1.82 billion for rubles 2019, which is three times higher than the same indicator last year (614 million rubles for 2018).

The bank's net interest income before the formation of reserves for the reporting period increased by 20.4% and amounted to 7.57 billion rubles. Net commission income increased by 178% compared to 2018 and amounted to 5.6 billion rubles. Operating income - by 28.5% and amounted to 13.6 billion rubles. Customer funds increased from the beginning of the year by 10.6% to 129 billion rubles.

The largest influence on the formation of the financial result for 2019 was exerted by crediting individuals and legal entities, operations with securities, and other services to customers.

In March 2019, the Expert RA rating agency raised MTS Bank's credit rating to ruBBB + and established a "stable" outlook. In August 2019, the international rating agency Fitch Ratings confirmed to MTS Bank the long-term issuer default rating at "BB-," the forecast for the rating is "stable."

RAS net profit growth by 67%

On January 30, 2020 TASS , it reported that net profit MTS Bank under RAS (according to preliminary to data accounting for events after the reporting date) increased by 67% and amounted to 2.3 billion. rubles

According to the statements, the bank's retail loan portfolio grew by 67% and amounted to 91.3 billion rubles, the total loan portfolio increased by 36% compared to 2018 - to 124 billion rubles. At the same time, the share of non-performing loans (NPL) of the retail business decreased to 7.2% against 11.4% in 2018.

It is noted that the operating income of the credit institution in annual terms increased by 20%, net interest income - by 27%.

We have done a great job of developing the level of customer service, introducing banking technologies, as well as deep penetration into the MTS digital ecosystem. Every fourth loan was issued by the bank in 2019 thanks to Big Data MTS. Cash loan sales tripled, the retail loan portfolio almost doubled compared to 2018, the risks of loan non-repayment significantly decreased - a third lower compared to when MTS Bank used only its own data, commented on preliminary financial results of MTS Bank Board Ilya Filatov

It is reported that the final financial statements for 2019 under RAS will be presented by the bank in April 2020^[2] of^[3]

41st place among Russian banks in terms of assets - 198.8 billion rubles

MTS Bank ranks 41st among Russian banks in terms of assets. As of December 1, 2019, its assets amounted to 198.8 billion rubles, capital - 32.2 billion rubles.

Regulatory issues N1.1

In September 2019, MTS Bank experienced problems with standards for the second month in a row. The bank's N1.1 ratio was less than 7%. 

His condition is largely a barometer of the business of the main shareholder Vladimir Yevtushenkov. If the bank is bad, then Yevtushenkov has difficulties with money - most of the bank's portfolio is loans to Yevtushenkov's companies.

In 2018, MTS Bank was repeatedly included in the selection of banks that do not comply with the requirements for capital allowances.

2018: Net profit 614 million rubles

• Net profit of MTS-Bank PJSC in 2018 amounted to 614 million rubles according to the consolidated financial statements under IFRS, which is 24 times higher than the same indicator in 2017 (25 million rubles).
• The Bank's net interest income before provisions grew by 27%, net fee and commission income increased by 46%, and operating income increased by 37%.
• Banking operations such as lending to legal entities and individuals, securities transactions, operations in the interbank market and the provision of services to clients had the greatest impact on the formation of the financial result for 2018. In 2018, MTS Bank continued to pursue a policy aimed at improving the quality of the loan portfolio, on the one hand, by improving the quality of new loans, on the other hand, − increasing the efficiency of collection.

• Net interest income of the Bank for the reporting period amounted to 7.4 billion rubles. Net non-interest income grew to 3.2 billion rubles, which is 386% higher than in 2017. Operating expenses of the bank increased by 28% compared to the same period last year and amounted to 9.5 billion rubles. Over the 12 months, the Bank's assets grew by 6.2%, reaching 151.3 billion rubles. Customer funds increased from the beginning of the year by 1.7% to 116.7 billion rubles.

• The bank's retail loan portfolio increased by 35.3% to 55.2 billion rubles, the loan portfolio grew by 11% to 92.8 billion rubles, net profit amounted to 1.4 billion rubles.

• In 2018, the bank demonstrated an increase in operating and financial indicators, strengthening its position in the market: net interest income grew by 40% to 8.4 billion rubles, operating income increased by 32% and amounted to 15.3 billion rubles.

• The bank's net income increased to 13.8 billion rubles from 10.3 billion rubles, at the same time, operating expenses increased by 49% to 11.9 billion rubles from 8 billion in connection with investments in strategic projects, such as reorganizing the IT infrastructure, creating unique converged fintech products within the framework of synergy with the parent telecommunications company MTS, deployment of a project for biometric identification of customers, launch of a digital offer for the small business segment.

2011: 8.6% decrease in revenue

• Bank's revenue MTS for the full year 2011 decreased by 8.6% due to lower interest rates on loans and weakening of the exchange rate ruble against the dollar. USA MTS-Bank's OIBDA decreased due to recognition of loss from securities revaluation and increase of loan provisions due to loan portfolio growth and reserve policy revision in 2011.

Since 2010, MTS-Bank's loan portfolio, excluding leasing, has increased by 3.6% to US $5,004 million as of December 31, 2011.

See also

• Sberbank's financial performance