Sovcombank from October 7 to increase the volume of buyback to 3 billion rubles in the quarter
Sovcombank from October 7 will increase the volume of share repurchase (buyback) from 2 billion rubles to 3 billion rubles. In the third quarter, as planned, the securities of the credit institution were bought for 2 billion rubles, according to the information disclosure website.
Sovcombank from October 7 will increase the volume of share repurchase (buyback) from 2 billion rubles to 3 billion rubles. In the third quarter, as planned, the group's papers were bought for 2 billion rubles, according to the information disclosure website.
The return on capital (ROE) for the first half of 2026 was 21.1%. At the same time, on October 1, the share was worth 9.40 rubles, or 0.49 book value. According to IFRS, the capital of shareholders as of June 30 was 19.0 rubles per paper in circulation. Management considers this assessment to be understated. While this situation persists, the redemption remains for Sovcombank the most profitable investment in the public market, the company explained.
Shares of Sovcombank rose on the message of an increase in the volume of buyback. As of 13:09, the securities were trading at the level of 10.05 rubles per piece (+ 3.4%).
