For the first 10 months of 2024, TBank increased its net profit under Russian accounting standards (RAS) to RUB 50 billion, and Rosbank — to RUB 46 billion. These indicators demonstrate stable growth and effective operations of both banks this year.
Explanation of key indicators:
RAS net profit:
TBank: RUB 50 billion
Rosbank: RUB 46 billion
Meaning and impact: RAS net profit reflects the bank’s financial result after deducting all expenses and taxes. The growth of this indicator indicates an increase in the bank’s efficiency, ability to generate profit and the sustainability of its business model.
Loan portfolio:
TBank: RUB 1.4 trillion (up 38% year-on-year)
Total loan portfolio of TBank and Rosbank: RUB 2.7 trillion
Importance and impact: An increase in the loan portfolio indicates an expansion of lending and customer confidence in the bank. This can also lead to an increase in interest income, which has a positive impact on overall profitability.
Customer funds in accounts:
TBank: RUB 2.5 trillion (almost doubling year-on-year)
Total volume of customer funds of TBank and Rosbank: RUB 5.1 trillion
Importance and impact: An increase in customer funds in accounts indicates confidence in the bank and its ability to attract deposits. This provides the bank with liquidity and opportunities for further lending and investment.
What investors should pay attention to:
Stable profit growth: An increase in the net profit of both banks indicates their financial stability and management efficiency.
Loan portfolio expansion: Significant growth in the loan portfolio may lead to an increase in interest income, but investors should be aware of potential risks associated with the quality of loans.
Attracting customer funds: Growing deposits and funds in customer accounts strengthens the banks' liquidity and their ability to finance further growth.
Integration and synergies: The merger of TBank and Rosbank may lead to operational synergies, cost reduction and expansion of the product line, which will have a positive impact on future financial results.
Overall, the current financial indicators of TBank and Rosbank demonstrate positive dynamics, which makes them attractive to investors.
