Sovcombank reports financial results for last year

In 2025, Sovcombank earned 53 billion rubles of net profit, according to its IFRS financial statements.

"The year 2025 was marked by tight monetary policy, increased risks in retail lending, and increased regulatory requirements. Sovcombank has maintained its marginality and increased the scale of its business," the bank commented.

In the fourth quarter, the ROE was 19%, the net interest margin increased to 6.4%, and the cost of risk decreased to 2.5%. The group's total revenue amounted to 972 billion rubles.

The pressure on profitability peaked in the second quarter, with the cost of funding reaching 17.6%, the cost of risk 3.7%, and the cost—to—income ratio 61%. Since the third quarter, all key operational indicators have consistently improved: by the fourth quarter, the CIR had decreased to 52%, the cost of funding to 13.8%, and the cost of risk to 2.5%.

The bank's total loan portfolio increased by 14% to RUB 3 trillion. Corporate loans added 25% year—on-year, reaching RUB 1.7 trillion due to loans to large companies, project financing, and increased loans to subjects and municipalities of the Russian Federation. Retail loans increased by 3% to 1.3 trillion rubles.

"The group's assets exceeded 4.5 trillion rubles, including due to the growth of the corporate loan portfolio by 25%. The insurance business, electronic payments, and the digital platform for government and commercial procurement grew at double-digit rates, regardless of the rate level. The group's total revenue approached 1 trillion rubles, and the growth of commission and non—bank income helped offset the pressure on interest margins," said Dmitry Gusev, Chairman of the Board of Sovcombank.

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