TCS Holding retains forecast for net profit of over 30% in 2024

MOSCOW. Aug 20 (Interfax) - TCS Holding has retained its forecast for net profit of over 30% in 2024, TBank CEO Stanislav Bliznyuk said in the holding's press release.

The holding boosted net profit to International Financial Reporting Standards 15% year-on-year 23.5 billion rubles in Q2 2204, which is in line with return on equity of 32.7%.

"Despite external factors in the form of rising market interest rates and the Central Bank of Russia tightening regulation on the lending market, we have retained our forecast for growth in net profit of over 30% for the year," Bliznyuk said.