Sovcombank
{{Short description|Russian commercial bank}}
{{Use dmy dates|date=April 2021}}
{{Infobox company
| name = Sovcombank
| logo = Sovcombank new logo eng.svg
| type = Public
| image = Штаб-квартира_Совкомбанка_на_Краснопресненской_набережной.jpg
| image_size =
| image_alt =
| image_caption =
| foundation = {{sda|1990}}
| location_city = Kostroma
| location_country = Russia
| former_name = Buycombank
| key_people = {{Unbulleted list|Sergey Khotimskiy|Dmitry Gusev}}
| industry = Banking
| products = Financial services
| owner = Sovco Capital Partners (Russia)
| revenue =
| net_income = RUB 39.2 billion (2020){{cite web|url=https://sovcombank.ru/en/about/finance-reports|title=IFRS Results 2020 (Eng)|accessdate=2021-04-06}}
| assets = RUB 1483.36 billion (2020)
| equity = RUB 188.259 billion (2020)
| homepage = {{URL|https://sovcombank.ru/en/about/info}}
}}
File:Moscow,_1st_Krasnogvardeysky_Proezd_-_Expocenter_gate.jpg
File:Совкомбанк в Выборге.jpg)]]
Sovcombank (Public Joint-Stock Company "Sovcombank", Russian: Совкомбанк) is a Russian privately owned universal bank included in the list of 13 systemically important Russian banks.{{cite web|url=http://www.cbr.ru/eng/press/pr/?file=11102021_133500eng_pp11102021_162535.htm|title=List of systemically important credit institutions approved|language=en|date=2021-10-11|website=Central Bank of Russia}} In terms of assets, it ranks 9th among Russian banks (1,483 billion rubles).{{cite web|url=http://www.finmarket.ru/database/rankings/?rt=0®ion=0&per=0&orgname=&page=1&s=3&d=1|title=ИНТЕРФАКС-100. Банки России. Основные показатели деятельности (тыс. рублей) - 2020 г.|language=ru|accessdate=2021-04-06|website=finmarket.ru}}
From 1990 its initial name was Buycombank (after former headquarters town Buy in Kostroma region) before been bought and rebranded into Sovcombank and his partners in February 2003.{{cite web|url=https://sovcombank.ru/en/about/info|title=General Information|accessdate=2021-08-04|publisher=sovcombank.ru}}
The main owner of Sovcombank (86.5%) is the Russia-based company JSC Sovco Capital Partners, owned by private Russian shareholders, notably (as of February 2023) the Russian oligarch Matvey Yozhikov owns 90% of Sovco Capital Partners. Minority shareholders of Sovcombank include Public Investment Fund of Saudi Arabia (3.3%), Russia-China Investment Fund (2.0%) and Russia-Japan Investment Fund (1.3%){{cite web|url=https://www.cbr.ru/vfs/credit/depend/RB0963_20200806.pdf | title=Лица, под контролем либо значительным влиянием которых находится кредитная организация| trans-title=Persons who control or have significant influence over the credit institutions| language=ru|date=2020-06-08|publisher=Банк России|archive-url=https://web.archive.org/web/20210420111805/https://www.cbr.ru/vfs/credit/depend/RB0963_20200806.pdf |archive-date =2021-04-20}}{{cite web|url=https://sovcombank.ru/en/about/press-center/news/sovkombank-obyavlyaet-o-naznachenii-dvuh-novih-nezavisimih-chlenov-nablyudatelnogo-soveta|title=Sovcombank announces appointment of two new Independent Non-Executive Directors|language=en|date=2021-09-03|publisher=Sovcombank}} After operating within Netherlands and Luxembourg jurisdiction, from September 2021 the holding company of Russian shareholders of Sovcombank was reregistered in special administrative region of Oktyabrsky island of Kaliningrad oblast in Russia.{{cite web|url=https://kaliningrad.rbc.ru/kaliningrad/03/09/2021/613201569a79471db2483c03|title=В Калининградском офшоре зарегистрировалась структура Совкомбанка|language=ru|date=2021-09-03|publisher=РБК}}{{cite web
|url=https://www.kgd-rdc.ru/en/media/news/all/a-holding-structure-of-sovcombank-is-registered-in-the-sar-on-oktyabrsky-island-kaliningrad-region/
|title=A holding structure of Sovcombank is registered in the SAR on Oktyabrsky Island (Kaliningrad Region)
|date=September 3, 2021
|website= Kaliningrad Region Development Corporation
|language=en
|access-date=September 26, 2021
|quote=
}}
The bank is subject to international sanctions since February 24, 2022 in response to Russia's invasion of Ukraine.{{Cite web |date=April 3, 2023 |title=Russia's Sovcombank to challenge sanctions, starting with Japan -source |url=https://www.reuters.com/business/finance/russias-sovcombank-challenge-sanctions-starting-with-japan-source-2023-04-03/ |website=Reuters}}
History
Sovcombank was registered on November 1, 1990, in the Buy town, Kostroma Oblast. It was originally known as Buykombank.{{sfn|Дмитрий Яковенко, Forbes, 29 марта 2018}}
In 2002, Buykombank was acquired by Sergey Khotimsky and Mikhail and Vasily Klyukin brothers. In February 2003 the bank was renamed Sovcombank ("Modern Commercial Bank"). The head office was relocated to Kostroma.{{sfn|Дмитрий Яковенко, Forbes, 29 марта 2018}}{{Cite web|url=https://quote.rbc.ru/catalog|title=Лидеры роста - Акции фондового рынка|website=РБК Инвестиции|accessdate=7 December 2023}}
In September 2007, the shareholder of Sovcombank became the international investment company from the Netherlands TBIC Financial Services BV (TBIF).{{cite news |author = |editor = |url = https://www.kommersant.ru/doc/773451?query=TBIF |title = Голландцы обошли Москву |type = |orig-year = | agency = |edition = Газета "Коммерсантъ" |location = |date = 2007-06-13 |publisher = |at = |volume = |issue = |number = |page = 15 |series = |isbn = |issn = |doi = |bibcode = |arxiv = |pmid = |language = |quote = }} As a result of this transaction, Sovcombank turned out to be the only owner of TBIF assets in Russia represented by the Siberian Arch Credit Network (about a thousand salespies). Under the terms of the transaction, the Kardan TBIF subsidiary received 50% of the shares in Sovcombank, making 100% of the Arch and about $65 million. Khotimsky and partners issued their shares through the Netherlands Sovco Capital Partners.
In May 2012, TBIF sold its share to other Sovkombank shareholders,{{cite web|url=http://www.banki.ru/news/lenta/?id=3803261|title=Сделка по продаже 50-процентной доли холдинга Kardan N. V. в Совкомбанке будет закрыта до конца мая {{!}} Банки.ру|publisher=www.banki.ru|accessdate=2017-11-13}} having received €123 million and earned €59 million.
At the end of 2015, Pavel Fuks sold his part (21.83%) in Sovcombank, which was estimated at $80 million.{{sfn|Дмитрий Яковенко, Forbes, 29 марта 2018}}
In early 2019, another additional issue was held, as a result of which the authorized capital of Sovcombank increased by ₽ 100 million to ₽ 1.97 billion. Shares were redeemed by Russian Direct Investment Fund and Ayar International Investment Company (Saudi Arabia), which were already shareholders, as well as new investors — Bahrain Mumtalakat Holding and the Russian-Japanese investment fund.{{cite web|url=https://www.vedomosti.ru/finance/articles/2019/01/18/791837-sovkombank-nashel|author=Александра Астапенко| title=Совкомбанк нашел новых инвесторов. Его акции планируют купить суверенный фонд Бахрейна и Российско-японский инвестиционный фонд.| trans-title=Sovcombank has found new investors. Its shares are planned to be bought by the sovereign wealth fund of Bahrain and the Russian-Japanese Investment Fund| website=«Ведомости»|date=2019-01-18|accessdate=2020-10-12}} In 2019, bank took part in UN initiative for responsible financial activities.{{cite web|url=https://www.finversia.ru/publication/banki-otvetyat-za-ustoichivoe-razvitie-63934|author=Вледимир Миронов|title=Банки ответят за устойчивое развитие На днях первый российский банк стал членом международной группы финансовых организаций, подписавших "Принципы ответственной банковской деятельности" Финансовой инициативы Программы ООН по окружающей среде (UNEP FI).|website=Finversia.ru|type=финансовый портал|date=2019-09-25|accessdate=2020-10-14}}
In 2020, Sovcombank started preparations for the IPO, its shareholders approved listing on the Moscow Stock Exchange. Goldman Sachs, JP Morgan and Morgan Stanley were chosen as the placement managers.
In the 2020 Bank of Russia included Sovcombank into a list of systemically significant banks.{{cite web|url=http://www.cbr.ru/eng/press/pr/?file=29102020_000000eng_pp02112020_150646.htm|title=List of systemically important credit institutions approved|website=Central Bank of Russia|date=2020-10-29|accessdate=2021-10-31}}{{cite web|url=https://tass.ru/ekonomika/9849729|title=ЦБ добавил Совкомбанк в список системно значимых кредитных организаций Всего в перечень входят 12 банков, на долю которых приходится около 74% совокупных активов российского банковского сектора|website=ТАСС|date=2020-10-29|accessdate=2020-11-03}}
In 2021 Sovcombank closed a deal to buy Vostochny Bank from its key shareholders - Baring Vostok Fund, Finvision Company and Sherzod Yusupov.{{cite web
|url=https://www.reuters.com/article/us-russia-banks-sovcombank-idUSKBN2BH1AU
|title=Russia's Sovcombank buys Vostochny from U.S. investor Calvey's firm, others
|last1= Kolodyazhnyy
|first1= Anton
|last2= Fabrichnaya
|first2= Elena
|date= 2021-03-25
|website= Reuters
|access-date= 2021-10-31
|quote=}} In December 2021 Sovcombank signed a binding agreement on the purchase of an insurance division “CiV Life” from HDI International AG, affiliate of the Talanx group. The deal was previewed to be closed in the first quarter of 2022.{{cite web|url=https://www.interfax.ru/business/812765| title=Совкомбанк стал собственником страховой компании СиВ Лайф| trans-title=Sovcombank became the owner of the insurance company CiV Life| language=ru|date=2021-12-27|publisher=Интерфакс}}
In February 2022 Sovcombank became the first Russian bank launching 4-days workweek.{{cite web|url=https://esquire.ru/news/business-news/03-02-2022/318983-sovkombank-stal-pervym-rossiyskim-bankom-nachavshim-eksperiment-s-4-dnevnoy-rabochey-nedeley/|title=Совкомбанк стал первым российским банком, начавшим эксперимент с 4-дневной рабочей неделей|language=ru|date=2022-02-03|publisher=Esquire (Россия)}}
In February 2022 Sovcombank acquired 31% of Vitabank for further use of its licence to develop payment services. Another 54% of shares of Vitabank were bought by Kirill Sokolov, Sovcombank's ex-deputy chairman of the board. The stake of "Kirov Leningradsky grain processing plant" has been subsequently decreased from 93,76% to 8,76%.{{Cite web|url=https://www.interfax.ru/business/823752|title=Совкомбанк получил 31% Витабанка|language=ru|date=2022-02-22|publisher=Интерфакс}}
In December 2023, after repeated postponements, Sovcombank announced an IPO on the Moscow Exchange. 1 billion shares of additional issue were placed (about 5% of the capital). The placement took place at the upper limit of the price range at 11.5 rubles per share. A total of 11.5 billion rubles were raised. Trading on the Moscow Exchange began on December 15, tickers SVCB and ISIN RU000A0ZZAC4.{{Cite web|url=https://sovcombank.ru/articles/novosti-kompanii/ipo-sovkombanka-proshlo-po-verhnei-granitse-tsenovogo-diapazona|title=IPO Совкомбанка прошло по верхней границе ценового диапазона|language=ru|date=2023-12-15|website=Sovcombank}} This is the bank's first IPO in Russia since 2015 and the first IPO of a company under sanctions.{{Cite web|url=https://www.interfax.ru/business/934768|title=Книга заявок в рамках IPO Совкомбанка переподписана втрое|language=ru|date=2023-12-05|website=Interfax}}
In February 2024, Sovcombank announced the upcoming purchase of Home Credit Bank. This is one of the leaders in the Russian consumer lending market with an equity capital of 53 billion rubles. The transaction is planned to be carried out in two stages: 51% in 2024 in exchange for shares of Sovcombank’s additional issue and 49% in 2024-2025 for cash.{{Cite web|url=https://www.banki.ru/news/lenta/?id=10999568|title=Совкомбанк покупает Хоум Банк|language=ru|date=2024-02-16|website=Banki.ru}}
Sanctions
On February 24, 2022, in response to Russia's invasion of Ukraine, U.S. President Joe Biden announced additional economic sanctions against Russian individuals, companies and financial institutions, including Sovcombank and its subsidiaries.{{cite web |title=U.S. Treasury Announces Unprecedented & Expansive Sanctions Against Russia, Imposing Swift and Severe Economic Costs |url=https://home.treasury.gov/news/press-releases/jy0608 |date=24 February 2022}}{{cite web |title=FACT SHEET: Joined by Allies and Partners, the United States Imposes Devastating Costs on Russia |url=https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2022/02/24/fact-sheet-joined-by-allies-and-partners-the-united-states-imposes-devastating-costs-on-russia/ |website=The White House |date=24 February 2022 |access-date=25 February 2022}} These sanctions freeze any of Sovcombank assets touching the U.S financial system and prohibit U.S. persons from dealing with the bank. As result, plastic cards issued by Sovcombank will remain active in Russia only, and any foreign exchange transactions will be unavailable to its clients.{{cite web
|url = https://interfax.com/newsroom/top-stories/74178/
|title = Plastic cards issued by sanctioned Sovcombank will remain operable in Russia but FX transactions will become unavailable to clients
|website = Interfax
|date = 2022-02-24
|accessdate = 2022-02-25}}
Key subsidiaries
= Sovcombank Insurance =
Sovcombank Insurance (until 2020 — Liberty Insuranse (Russia), {{langx|ru|Либерти Страхование}}). This company has been operating in the Russian insurance market since 1993 under the brands "Klass" ({{langx|ru|Класс}}) and "KIT Finance Insurance" ({{langx|ru|КИТ Финанс страхование}}).{{cite web
|url=https://www.insur-info.ru/press/81931/
|url-access=
|title="У нас хорошо получается покупать компании", — Дэвид Лонг, президент и генеральный директор группы Liberty Mutual
|last= Рожков
|first= Алексей
|date= 2012-11-27
|website=
|publisher=Vedomosti
|language=ru
|script-title=
|trans-title=“We are good at buying companies.” — David Long, President and CEO of Liberty Mutual Group
|access-date=2022-02-11
|via=
|quote=
}} Liberty Insurance Group bought this company in 2013 and sold it to Sovcombank in 2020. In August 2024, after the purchase of Home Credit Bank, Home Credit Insurance joined Sovcombank Insurance. All obligations will be transferred to the merged structure.{{Cite web|url=https://www.banki.ru/news/lenta/?id=11005840|title="Хоум Кредит Страхование" присоединяется к "Совкомбанк Страхованию"|language=ru|date=2024-08-16|website=Banki.ru}}
= Non-state pension fund =
In the summer of 2024, Sovcombank launched a non-state pension fund with an authorized capital of 150 million rubles. The founder was Sovcombank Insurance. The fund is aimed at participating in the long-term savings program.{{Cite web|url=https://www.banki.ru/news/lenta/?id=11005508|title=У Совкомбанка появился свой НПФ|language=ru|date=2024-08-06|website=Banki.ru}}
= Sovcombank Life =
Sovcombank Life (until 2021 — MetLife (Russia), {{langx|ru|МетЛайф}}). The company has been operating in the Russian life insurance market since 1994 under the brands AIG, Alico and Metlife.{{Cite web|url=https://www.insur-info.ru/orgsandcomps/405/register/?section=r01|title=История изменений названия компании Алико (Метлайф Алико, MetLife Alico) в реестре ФССН|website=Страхование сегодня|accessdate=7 December 2023}} Sovcombank bought MetLife (Russia) in 2020 and renamed it in 2021.{{cite web
|url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/sovcombank-closes-acquisition-of-metlife-s-russian-subsidiary-62176753
|title=Sovcombank closes acquisition of MetLife's Russian subsidiary
|last=Komal
|first= Nadeem
|date=2021-01-19
|website=S&P Global
|series=Banking,Insurance
|access-date=2022-02-14
|via=
|quote=
}}
= Sovcombank Asset Management=
Sovcombank Asset Management (until 2021 — Vostochny Capital Management Company, {{langx|ru|УК "Восточный Капитал"}}). Vostochny Capital Management Company was established in 2018 as a subsidiary of Vostochny Bank.{{cite web
|url=https://hightech.edu.eu/en/community-12955/7269934/
|title=Sovcombank bought MC Vostochny Capital from Modulbank for asset management business
|date=2021-06-02
|website=HIGHTECH.EDU.EU
|publisher=
|access-date=2022-02-15
|quote=}} At the end of May 2021, Sovcombank closed a deal to acquire 100% of Vostochny Bank (including Vostochny Capital Management Company).{{cite web
|url=https://www.banki.ru/news/lenta/?id=10947208
|title=Совкомбанк купил "дочку" Модульбанка для развития бизнеса по управлению активами
|date=2021-05-31
|website=Banki.ru
|language=ru
|trans-title=Sovcombank bought a subsidiary of Modulbank to develop asset management business
|access-date=2022-02-15}}
= Sovcombank Leasing =
Sovcombank Leasing (until 2020 — Sollers-Finance, {{langx|ru|Соллерс-Финанс}}). The leasing company Sollers-Finance was established in 2008 as a subsidiary of Sollers OJSC.{{Cite web|url=http://www.sollers-auto.com/en/products/service/SOLLERS_Finance/|title=SOLLERS-FINANCE|accessdate=7 December 2023}}{{cite news
|url=https://tass.ru/ekonomika/11315181
|title=Чистая прибыль "Совкомбанк Лизинг" в I квартале выросла в 2,6 раза - до 123,6 млн рублей
|date=2021-05-06
|agency=TASS
|language=ru
|script-title=
|trans-title=Net profit of Sovcombank Leasing in the first quarter increased 2.6 times - up to 123.6 million rubles
|access-date=2022-02-15
|via=
|quote=
}} Since 2010 Sovcombank LLC become the co-owner of the company and in 2019 its become the sole owner of the company.{{cite news
|url=https://tass.ru/ekonomika/7415453
|title=Совкомбанк стал единственным владельцем лизинговой компании "Соллерс-финанс"
|date=2019-12-24
|agency=TASS
|language=ru
|script-title=
|trans-title=Sovcombank became the sole owner of the Sollers-Finance leasing company
|access-date=2022-02-15
|via=
|quote=
= Sovcombank Factoring =
Sovcombank Factoring (until 2018 — R.E.Factoring, {{langx|ru|Р.Е. Факторинг}}). The company has been operating in the Russian factoring market since 2013 under the brand {{langx|ru|Р.Е. Факторинг}}.{{Cite web|url=https://www.sovcomfactoring.ru/o-nas/|title=Совком Факторинг - специализированная факторинговая компания СОВКОМБАНКА (in Russian)|accessdate=7 December 2023}} Sovcombank bought R.E.Factoring in 2018 and renamed it in 2019. Sovcombank also bought the "National Factoring Company" factoring group from Uralsib Bank in 2021 and merged it with Sovcombank Factoring.{{cite news
|url=https://www.akm.ru/eng/press/the-national-factoring-company-nfc-has-joined-the-sovcombank-group/
|title=The National Factoring Company (NFC) has joined the Sovcombank Group
|date=2021-07-28
|department=
|website=
|series=
|publisher=
|agency=AK&M
|location=
|access-date=2022-02-14
|via=
|quote=
}}
= Sovcombank Technologies =
Sovcombank Technologies is an IT company created by Sovcombank in 2021 to develop ecosystem for the Halva installment card project.{{cite news
|url=https://www.akm.ru/eng/press/sovcombank-will-start-issuing-halva-cards-of-the-unionpay-payment-system-in-the-spring-of-2022/
|title=Sovcombank will start issuing Halva cards of the UnionPay payment system in the spring of 2022
|date=2022-02-08
|agency=AK&M
|access-date=2022-02-14
|via=
|quote=
}} The company is also involved in innovative developments using biometrics, chat bots, and conversational artificial intelligence.{{cite web
|url=https://frankrg.com/39696
|title=Зачем Совкомбанк создал технологическую "дочку"
|last= Кречетова
|first= Ангелина
|date=2021-04-07
|website=Frank Media
|language=ru
|trans-title=Why Sovcombank created a technological subsidiary
|access-date=2022-02-14
|via=
|quote=
}} In January 2022, Sovcombank organized a co-working space for back office employees and Sovcombank Technologies. The base for coworking was a five-star hotel in Turkey on the Mediterranean coast.{{cite news
|url=https://www.akm.ru/eng/news/sovcombank-opens-coworking-in-turkey-for-employees-on-remote/
|title=Sovcombank opens coworking in Turkey for employees on "remote"
|date=2022-02-03
|agency=АК&M
|access-date=2022-02-14
|via=
|quote=
}}
Contribution to global initiatives
Sovcombank pursues a policy of sustainable development and takes care of the social and environmental (ESG) aspects of its activities.{{cite web
|url=https://sovcombank.ru/document?id=9710
|title= SUSTAINABILITY REPORT
|year=2020
|website=Sovcombank
|format=pdf
|access-date=2022-02-22}}
Sovcombank participates in the United Nations Environment Program Finance Initiative (UNEP FI, since 2019), it has signed the Principles for Responsible Investment.{{cite web
|url=https://sovcombank.ru/document?id=8475
|title= PRB Reporting and Self-Assessment Form of PJSC Sovcombank
|website=Sovcombank
|format=pdf
|access-date=2022-02-22}} In the same year, Sovcombank became a member of the UN Global Compact, a UN initiative aimed at promoting the social responsibility of business.{{cite web
|url=https://www.unglobalcompact.org/what-is-gc/participants/search?page=172&search%5Bkeywords%5D=&search%5Bper_page%5D=50&search%5Bsort_direction%5D=asc&search%5Bsort_field%5D=&utf8=%E2%9C%93
|title=Our Participants
|date=2019-08-01
|website=UN Global Compact
|publisher=UN
|page=172
|access-date=2022-02-15
|via=
|quote=
}}
Sovcombank was the first among Russian banks to support the recommendations of the Task Force on Climate Related Financial Disclosures (TCFD) and has committed to apply the recommendations to make the bank's ESG reporting even more transparent.{{cite web
|url=https://www.fsb-tcfd.org/supporters/
|title=Task Force on Climate Related Financial Disclosures Supprorters
|date=November 2021
|website=Task Force on Climate Related Financial Disclosures
|access-date=2022-02-22}}{{cite web
|url=https://www.akm.ru/eng/news/sovcombank-announces-support-for-tcfd-recommendations/
|title=Sovcombank announces support for TCFD recommendations
|date=2021-11-15
|agency=AK&M
|location=Russia
|access-date=2022-02-22}}
Ratings
Fitch Ratings downgrade rating to "B" in March 2022 and then withdrew.[https://www.fitchratings.com/entity/pjsc-sovcombank-93911300#ratings Ratings] fitchratings.com {{dead link|date=December 2023}}
Standard & Poor's affirmed the "BB" foreign currency long terms credit rating of Sovcombank on January 15, 2021, outlook was revised to "positive" from "stable".{{cite web |url = https://cbonds.com/news/1323655/ |title = S&P Global Ratings revised outlook on Sovcombank to positive and affirmed at "BB" (Foreign Currency LT) credit rating |date = 2021-01-18}}
Moody's assigned "Ba1" rating to Sovcombank's proposed LPNs in January 2021.{{cite web
|url=https://www.moodys.com/credit-ratings/Sovcombank-PJSC-credit-rating-820593397/reports
|title=Sovcombank PJSC
|last=
|first=
|date=2021-08-03
|website=Moody's
|access-date=2021-11-01
|quote=}}
ACRA upgraded Sovcombank to "AA-(RU)" and changed outlook to "stable" in April 2021.{{cite web
|url=https://acra-ratings.ru/ratings/issuers/8/?lang=en
|title=Public Joint-Stock Company "Sovcombank"
|last=
|first=
|date=2021-04-19
|website=ACRA
|access-date=2021-11-01
|quote=}}
Expert RA affirm rating "ruAA" and outlook "stable" in February 2022.{{cite web
|url=https://raexpert.ru/database/companies/sovkombank/
|title=Public Joint-Stock Company "Sovcombank"
|last=
|first=
|language=ru
|date=2022-02-09
|website=Expert RA
|access-date=2022-02-10
|quote=}}
References
{{reflist|colwidth=30em}}
External links
- [https://sovcombank.ru/en/about/info About the bank on official website]
- {{cite web
|url=https://efile.fara.gov/docs/6170-Informational-Materials-20220201-1086.pdf
|title= SOVCOMBANK GROUP OVERVIEW
|date= 2022-01-02
|website=Foreign Agents Registration Act
|publisher= USA Department of Justice
|language=
|type= report for NSD/FARA
|access-date=2022-02-22}}
- {{cite web
|url=https://www.worldfinance.com/banking/sovcombank-overcoming-adversity-to-deliver-sustained-success-in-russia
|title=Sovcombank overcomes adversity to deliver sustained success in Russia
|date= 2018-09-28
|website= World Finance
|language=en
|access-date=2021-09-26}}
- {{cite web
|url=https://www.fitchratings.com/entity/pjsc-sovcombank-93911300#ratings
|title=PJSC Sovcombank
|date=2021-09-01
|website= Fitch Ratings
|language=en
|doi=
|isbn=
|issn=
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|access-date=2021-10-31
|via=
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}}
- {{cite web
|url=https://www.euromoney.com/article/b1bpyjwrf6gk7j/emerging-europe-sovcombanks-star-rises
|title= Emerging Europe : Sovcombank's star rises
|last= Fitzgeorge-Parker
|first= Lucy
|date= 2018-11-06
|website= Euromoney
|language=en
|doi=
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|access-date=October 31, 2021
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}}
{{Authority control}}
{{portalbar|Russia|Banks|Companies}}
Category:Banks established in 1990
Category:1990 establishments in Russia
Category:Russian entities subject to U.S. Department of the Treasury sanctions