MOSCOW, March 20. /TASS/. The net profit of the T-Technologies Group (the parent company of T-Bank) under the International Financial Reporting Standards (IFRS) surged by 51% in 2024 compared to 2023, reaching a record 122 bln rubles ($1.44 bln), according to the group’s financial disclosures.
Meanwhile, in the Q4 2024, profit rose by 87% compared to the same period in 2023, reaching 39 bln rubles ($461.5 mln), the statement noted.
In 2025, the group anticipates a net profit increase of at least 40%, with a return on equity (ROE) exceeding 30%.
T-Technologies’ net interest income before provisions reached 380 bln rubles ($4.49 bln) in 2024, marking a 65% increase from 2023. Net fee and commission income rose by 45% to 106 bln rubles ($1.25 bln). Meanwhile, the net interest margin declined from 13.6% to 11.8%. The group’s total assets grew 2.3 times compared to the previous year, reaching 5.1 trillion rubles ($60.35 bln) as of December 31, 2024, up from 2.3 trillion rubles ($27.22 bln) as of December 31, 2023.
The group’s loan portfolio, net of provisions, expanded 2.6 times year-on-year to 2.5 trillion rubles ($29.6 bln) compared to 972 bln rubles ($11.43 bln) as of December 31, 2023. The total loan portfolio increased 2.5 times to 2.8 trillion rubles ($32.94 bln) compared to 1.1 trillion rubles ($12.94 bln) as of December 31, 2023. Return on equity for 2024 stood at 32.5%, with a fourth-quarter ROE of 30.2%.
By the end of 2024, the number of customers within the T-ecosystem grew by 18% to 48 mln.
In 2024, the group carried out a large-scale business integration with Rosbank and on January 1, 2025, Rosbank officially completed its merger with T-Bank as a branch. The transaction enabled the group to double T-Bank’s capital.