OREANDA-NEWS MTS Bank's capital increased to 76.3 billion rubles last year, and the return on equity (ROE) reached 19.1%, follows from the published annual consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) for 2023.

According to the data, the bank's loan portfolio before deducting reserves has grown by 39.7% to 389.6 billion rubles since the beginning of the year. The portfolio of loans to individuals increased by 33% to 339 billion rubles. Net commission income amounted to 21.4 billion rubles, an increase of 59% compared to the previous year. The total volume of transfers and payments of the bank has tripled during 2023. Operating income before the creation of reserves increased by 47% in the 12 months of 2023 to 64.5 billion rubles.

MTS Bank's net profit in 2023 increased 3.8 times to a record 12.5 billion rubles. The cost of risk decreased to 7.7% in the 12 months of 2023 from 8.8% in 2022.

The number of active individual customers increased over the year to 3.8 million people, and the number of active daily banking customers amounted to 2.8 million people. The number of monthly active users (MAU) of the bank's digital channels (app+web) amounted to 2.1 million people, according to the report on the company's overall results for last year.