MOSCOW, May 21. /TASS/. The net profit of MTS Bank under the International Financial Reporting Standards (IFRS) for the Q1 of 2025 declined by 72% compared to the same period last year, amounting to 1.06 bln rubles ($13.24 mln) as of March 31, according to the bank’s financial report.
According to the report, MTS Bank’s assets in the Q1 increased by 4.22%, reaching 627.88 bln rubles ($7.84 bln).
Commission income for the reporting period decreased by 9.61%, totaling 1.9 bln rubles ($23.74 mln). At the same time, expenses for provisions in the Q1 of 2025 fell by 22.9% to 6.8 bln rubles ($84.96 mln).
The bank’s net interest income for January through March 2025 declined by 10.21% and amounted to 8.67 bln rubles ($108.3 mln).