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About the company Sovcombank

Security page

Sovcombank is one of the country's largest private banks, and it grew out of a small bank in Kostroma. Its distinguishing feature is growth through buying other banks and financial companies: over two decades the group has acquired dozens of assets. Its shares trade on the Moscow Exchange under the ticker SVCB.

What the company does

The bank earns money from three lines of business at once, and this is a deliberate design. The retail division is best known for its instalment cards — a product where the income comes not from the borrower but from the retail chain, which gives up part of its margin in return for the shopper the bank brings in. The corporate division lends to medium-sized and large businesses.

The third line is treasury: operations in securities and foreign exchange. Its risk is of a different nature: it delivers a sizeable profit in a favourable market and can produce a loss in an unfavourable one, which is why the bank's results swing more widely than those of institutions with a purely lending-based model.

The insurance and leasing business stands apart: it was acquired together with the companies that run it and generates fee and commission income.

Business lines

  • Retail business

    Instalment cards, consumer loans, mortgages, deposits.

  • Corporate business

    Lending to medium-sized and large businesses, cash management and settlement services, factoring.

  • Treasury

    Operations in bonds, foreign exchange and derivatives.

  • Insurance and leasing

    Acquired companies that generate fee and commission income outside the bank's balance sheet.

History

  1. 1990A small bank is founded in the Kostroma region — the starting point of today's group.
  2. 2007A change of owners and of strategy: expansion into the regions begins through the purchase of local banks.
  3. 2014–2020A wave of acquisitions: retail, corporate and specialised banks join the group, along with insurance and leasing companies.
  4. 2023The shares are listed on the Moscow Exchange — one of the few initial public offerings by a bank in years.

Business review

Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.

Strengths

  • Experience in buying and integrating assets, which has delivered growth faster than the market.
  • Diversified sources of profit beyond the interest margin.
  • The flexibility of a private bank in decision-making.

Weaknesses

  • Part of the profit comes from the revaluation of securities — an unstable item that does not recur from year to year.
  • The acquisition strategy carries the risk of overpaying and of difficult integration.
  • A thinner capital buffer than that of the state-owned banks.

Opportunities

  • The model of growth through acquisitions keeps working: the market still has banks that struggle to bear the regulatory burden on their own.
  • Instalment cards retain the customer without charging them any interest — a product with few direct competitors.
  • Diversification into insurance and leasing smooths out the dependence on the credit cycle.
  • The departure of foreign players has opened up niches in servicing foreign trade settlements.

Threats

  • The treasury division makes profit volatile: the same portfolio that brings in income in a rising market produces a loss in a falling one.
  • Every acquisition is an integration risk: different systems, different portfolios, a different culture.
  • The retail portfolio is sensitive to tighter requirements for borrowers.
  • Sanctions restrictions make part of the bank's international operations more difficult.

Frequently asked questions

What does Sovcombank do?

It is a universal bank: it lends to individuals and companies, takes deposits, handles payments and settlements, and also carries out operations in securities and foreign exchange. The group includes an insurance company and a leasing company.

What is an instalment card and how does the bank make money on it?

The shopper pays in instalments and without interest, while the bank receives a fee from the retail chain — it gives up part of its margin in return for the customer brought to it. For the shopper the product is free as long as they pay on time.

Why does the bank's profit change so much from year to year?

The treasury division — operations in bonds and foreign exchange — plays a significant role. Their result depends on the state of the market, not only on the work with customers, so the swings here are larger than at banks with a purely lending-based model.

Information as of 20 August 2026

Business description and risk factors. Not investment advice.

Issuer profile

What the company does

The company is classified under the «Banks» sector, using the taxonomy we apply when comparing securities with one another.

The same sector holds 12 issuers on the platform, and their figures are computed by one method — so this company's revenue, profit and leverage can be compared with them directly.

The company is registered in Russia and identified in regulatory disclosure by tax number 4401116480. That number locates its statements in state registries regardless of how its name is spelled — and the spelling differs even between official documents.

Listed securities

The issuer has 26 securities listed: 1 share class, 25 bond issues. All are shown on this page, including those trading in different modes and different currencies.

A further 1 security have already matured or been delisted. They stay in the list below deliberately: together they show how long the company has been borrowing on the market and how regularly it repays.

Across Moscow Exchange quotation list levels the securities split as follows: 7 at level 1, 17 at level 3. The level reflects how strict the disclosure, turnover and track-record requirements the issue meets are — not how attractive the investment is.

Bond issues

The nearest issue matures on 31 October 2026 and the farthest on 27 January 2031. That spread means the issuer borrows both short and long, and the yields of these issues will differ for the simple reason that the money is lent for different terms.

The largest issue by face value is RU000A1052C7, with a face value of 200,000.00 $ per bond, maturing on 27 January 2031. Bond prices in the order book are quoted as a percentage of face value, so a quote of 98.4 means 98.4 % of that amount rather than an absolute price.

Dividend history

Between 2018 and 2026 the issuer made 12 payouts whose record date has already passed. A board recommendation or a forecast does not enter this history, because no money has been paid on them yet.

The most recent payout was 0.35 ₽ per security with a record date of 10 July 2026. That is the amount before tax: the broker withholds it on crediting, so less arrives in the account.

Financial statements

The most recent annual report we hold is for 2025 under IFRS. The standard is named for a reason: IFRS and RAS compute the same quantities by different rules, disagree by design and are never averaged.

Net income for 2025 was 48.90B ₽.

Equity stands at 409.10B ₽ against total assets of 4.52T ₽. The difference between the two is the company's liabilities, and the larger it is relative to equity, the more the business depends on borrowed money.

This section is assembled from our own data on the company's securities, dividends and financial statements. It is a description, not a recommendation.

Securities of this issuer

Shares1

Bonds26