Loading the section…
277.42 ₽+0.11 %
Stocks
T-Technologies is a financial group that grew out of a bank which has never had branches. A customer applies for a card, a loan or a brokerage account in the app, and a courier delivers the documents. Besides the bank, the group includes a broker, an insurer, a mobile operator and services for business. The shares trade on the Moscow Exchange under the ticker T.
The main source of income is interest, and what sets it apart is its structure: a sizeable share of the loan book is unsecured retail lending, above all credit cards. The rate there is higher than on mortgages, but so are the losses: some borrowers do not repay their debt, and in this model the cost of risk is not an accident but a permanent expense item built into the price of the product.
The second pillar is fees and commissions: brokerage services, acquiring, insurance products and services for entrepreneurs. This income requires almost no capital and grows with the number of active customers rather than with the size of the balance sheet.
The absence of a branch network is not just a matter of image. The cost of serving a single customer is structurally lower in this model, and that is where the historically high return on equity comes from.
Credit and debit cards, consumer loans, deposits, and mortgages through partners.
Brokerage services and one of the most widely used services for retail investors in the country.
Current accounts, acquiring, bookkeeping and lending to small companies.
Insurance, mobile communications as a virtual operator, and entertainment and lifestyle services in the app.
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
It is a financial group: a bank without branches, a broker, an insurance company, a mobile operator and services for entrepreneurs. All products are taken out remotely — in the app or on the website, with documents delivered by courier.
Yes, it is the same company under a new name: the brand changed in 2024 after the founder's exit from the shareholding. The stock trades on the exchange under the ticker T.
This is the original business model, not a cost-cutting measure. Serving a customer without a branch network costs less, and it is on this difference in costs that the bank has built its competitive advantage since it was founded.
The payout history has been interrupted: after 2021 payments were suspended, and the practice later resumed. For the declared amounts and record dates, see the dividends section of the company profile.