Surgutneftegazbank

The Bank has an extensive and functional regional infrastructure: Central Administrative Office in Surgut; 9 additional offices in Surgut, Surgut region and Nefteyugansk; 13 departments for servicing individuals; 4 branches in the cities of Moscow, Tyumen, Khanty-Mansiysk, Kirishi.

Performance indicators

2024: Revenue growth of 39% to ₽4,327 billion

Net profit of Surgutneftegazbank according to Russian accounting standards (RAS) increased by 39% and reached ₽4,327 billion in 2024. This is evidenced by the data of the financial statements of the credit institution, published at the end of March 2025.

According to Interfax, the bank's net interest income before deducting reserves increased by 6.2% and amounted to ₽5,695 billion, and after deducting reserves, the indicator increased by 10.5% to ₽5,807 billion. Profit before tax increased 1.5 times and reached ₽6 billion.

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Фото: Freepik

During the reporting period, the credit institution restored reserves in the amount of ₽112 million, while in 2023 the cost of reserves amounted to ₽109 million. Operating expenses of the bank increased by 16% and reached ₽3,867 billion.

The financial institution's own funds for the year increased by 14.6% and amounted to ₽25,3 billion. The bank's assets showed more modest growth - by only 0.6%, reaching ₽115,6 billion.

The volume of net loan debt of Surgutneftegazbank practically did not change and amounted to ₽83,7 billion. At the same time, the total volume of attracted funds of customers decreased by 15% to ₽74,6 billion.

At the end of 2024, Surgutneftegazbank took 59th place in terms of assets in the Interfax-100 ranking compiled by Interfax-CEA. This allows the financial institution to remain among the average banks in Russia.

The Bank maintains a close relationship with the parent company, which provides it with a stable customer base and financial support. As of September 30, 2021, Surgutneftegas PJSC owns 97.8% of the shares of the credit institution.

The positive dynamics of the financial indicators of Surgutneftegazbank indicates the stability of the business model of the financial institution in the conditions of a changing economic situation. An increase in net profit while reducing the funds raised by customers may indicate an increase in the efficiency of the bank's operations and an optimization of the liability structure.^[1]

2023: Profit growth by 0.5% to RUB 3.11 billion

Net profit of Surgutneftegazbank in 2023 reached 3.11 billion rubles, an increase of 0.5% compared to profit a year ago. This is evidenced by the data on RAS, which the credit institution disclosed at the end of March 2024.

According to Interfax, citing materials from Surgutneftegazbank, in 2023 the bank's net interest income before reserves rose 39% and amounted to 5.37 billion rubles, after deducting reserves - by 23%, to 5.23 billion rubles.

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Фото: Unsplash

Operating expenses of Surgutneftegazbank in 2023 amounted to 3.3 billion rubles (+ 7% compared to 2023), profit before tax - 3.9 billion rubles (+ 1%). The expenses of the financial institution on reserves in 2023 amounted to 109 million rubles against 406.6 million rubles a year earlier. The bank's own funds for 2023 increased by 11%, to 22.06 billion rubles.

By the end of 2023, Surgutneftegazbank's assets reached 114.9 billion rubles, which is 18% more than a year ago. The amount of net loan debt decreased by 0.3% (to 83.7 billion rubles), the total amount of customer funds raised increased by 17.6%, to 87.8 billion rubles.

According to Kommersant, Surgutneftegazbank at the end of 2023 entered the top 20 in banks with the best indicators of asset growth, taking 12th place in the list. The capital of the financial organization, which belongs to the oil company Surgutneftegas from the Khanty-Mansi Autonomous Okrug, grew by 30%.

Analysts took into account the performance of the 100 largest banks. In terms of assets at the beginning of 2024, Surgutneftegazbank took 66th place in the rating. And Forbes magazine placed the financial organization in the hundred most reliable banks in Russia.^[2]

Notes