News from sovcombank A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle.

Latest

Mar 03, 2020, 13:10 ET Sovcombank Announces Appointment of Two New Independent Non-Executive Directors

Sovcombank announced that the Board of Directors has confirmed the appointment of two new Independent Non-Executive Directors, Regina von Fleming and ...


Feb 07, 2020, 17:00 ET Sovcombank Issues Subordinated Tier 1 Bond With a Coupon of 7.75% for an Amount of USD 300 M

A very strong granular orderbook of USD 1.9 bn allowed to tighten the spread by 75 bps from the initial price talks. The demand peaked at USD 1.9 bn, ...


Feb 07, 2020, 15:30 ET Sovcombank Completes Acquisition of Liberty Insurance (JSC) From Liberty Mutual Group

Sovcombank announces the completion of the acquisition of Liberty Insurance (JSC) from #3 property and casualty insurer in the USA, Liberty Mutual...


Dec 12, 2019, 20:30 ET Sovcombank's 9M 2019 IFRS Net Profit Goes up by 41% to RUB 22bn

The Bank's sustainable profit excluding one-offs came in at RUB 17.4 bn, growing by 23% as part of the net profit. Net interest income increased by...


Sep 26, 2019, 14:30 ET Sovcombank Raises USD 200m Syndicated Loan

PJSC Sovcombank announced the signing of the debut syndicated facility agreement with a group of international banks in the amount of USD 200 000 000 ...


Sep 25, 2019, 17:30 ET Sovcombank Becomes a Founding Signatory of the United Nations Principles for Responsible Banking

Sovcombank becomes the first Russian bank to become a Founding Signatory of the UNEP FI Principles for Responsible Banking, committing to...


Sep 05, 2019, 07:30 ET Sovcombank's 1H 2019 Net Profit Hits RUB 13 Billion

Sovcombank's net profit grew by 21.2% y-o-y. Net interest income increased by 24% to RUB 26.4 bn (billion), whilst net fee and commission income rose ...


Jul 12, 2019, 13:00 ET Sovcombank Named Best Bank in Russia by Euromoney

According to Euromoney, low interest rates and returning consumer confidence created a fertile environment for Russia's retail lenders last year. The ...


Apr 25, 2019, 13:45 ET Sovcombank Co-arranges the Offering of 6-year STLC Eurobonds for $500 Million

State Transport Leasing Company (STLC, PJSC), a major Russian public company, has completed the offering of eurobonds for $500 million via the...


Apr 25, 2019, 09:00 ET Sovcombank Invests in Artificial Intelligence

Sovcombank PJSC acquired 25% of Aviatsionnye Tekhnologii Svyazi LLC (ATS), the company engaged in robotization of call centers based on artificial...


Apr 11, 2019, 08:00 ET Sovcombank Opens 10bn Roubles Credit Line to Sistema JSFC

Sovcombank PJSC and Sistema PJSFC, a Russian public diversified holding company, has signed an agreement on opening an unsecured line of credit. The...


Apr 10, 2019, 09:30 ET Sovcombank Acts as Co-arranger of EuroChem's $700m Eurobond Issue

In March 2019, EuroChem Finance Designated Activity — a special-purpose vehicle (SPV) created to raise funds in the capital markets for the needs of...


Mar 20, 2019, 08:52 ET Rusatom Infrastructure Solutions and Sovcombank to Upgrade Infrastructure of 27 Russian Towns

Sovcombank will become a financial partner in the project of modernising centralised water supply and sewerage systems in the town of Lesnoy,...