Sovcombank says 2019 IFRS net profit soars by 70% to 30 bln rbl

MOSCOW, Apr 7 (PRIME) -- The net profit of Russia's Sovcombank soared by 70% to 30.1 billion rubles in 2019, as calculated under International Financial Reporting Standards (IFRS), the bank said in a statement on Tuesday.

The net interest income after credit losses rose by 18% to 47.2 billion rubles, the net commission income by 24.8% to 24.9 billion rubles.

Assets grew by 17.3% to 1.135 trillion rubles, capital 22% to 139.084 billion rubles.

(77.7325 – U.S. $1)

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