Frontierby eninvs

Language: EN / RU

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TBank RUB

T-Technologies (T-Bank, formerly Tinkoff) is a Russian branchless digital bank and fintech ecosystem serving retail and small-business customers with cards, lending, brokerage, insurance and lifestyle services.

At a glance: strengths & risks
✓Revenue growing (+31% y/y, Q2 2026)✓Strong ROE (28%)✓Book value growing (+32%)✓Cheaper than own history (P/E 3.9 vs avg 7.1)✗Profit falling (-15% y/y, Q2 2026)

Sector: Financial Services

RU_T

Price chart

268.88 RUBDay -0.56%

Key metrics

Market

Price
268.88 RUB · -0.56%
Market cap
721.3 bn RUB

Growth

Δ NII y/y
31.2%
Δ net profit y/y
-15.4%

Multiples

P/E (LTM)
3.9x
3y avg: 7.1x
P/B (FY)
1.1x
3y avg: 1.9x
P/E (ann.)
4.6x

Returns

Dividend yield
6.4%
ROE (annualized)
21.4%
ROI (ROE ÷ P/B)
20.3%

Value creation

annualized net income / market cap (return on equity value)
Banking potential
+31.7%
↓ details

Liquidity

Daily turnover (MOEX)
4.4 bln RUB

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B RUB, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusNet interest incomeB RUBNet profitB RUBAssetsB RUBEquityB RUBROE (annualized)Source
2026-06-30Q2 2026 (3M)OK162.2
y/y 31.2%
39.5
y/y -15.4%
6272.1
y/y 17.8%
756.8
y/y 23.5%
21.4%Report (PDF)
2026-03-31Q1 2026 (3M)OK149.1
y/y 29.2%
35.0
y/y 4.5%
5933.2
y/y 25.4%
719.7
y/y 27.2%
20.0%Report (PDF)
2025-12-31Q4 2025 (3M)OK150.3
y/y 20.2%
72.1
y/y 86.2%
6083.9
y/y 18.9%
683.6
y/y 31.5%
29.2%Report (PDF)
2025-09-30Q3 2025 (3M)OK130.7
y/y 26.1%
40.1
y/y 6.2%
5700.4
y/y 14.8%
633.7
y/y 26.5%
8.6%Report (PDF)
2025-06-30Q2 2025 (3M)OK123.6
y/y 59.1%
46.7
y/y 99.1%
5326.5
y/y 84.7%
612.6
y/y 107.2%
31.7%Report (PDF)
2025-03-31Q1 2025 (3M)OK115.4
y/y 57.6%
33.5
y/y 50.3%
4731.5
y/y 94.1%
565.7
y/y 103.0%
24.7%Report (PDF)
2024-12-31Q4 2024 (3M)OK125.0
y/y 37.7%
38.7
y/y 14.4%
5118.0
y/y 125.5%
519.9
y/y 83.3%
24.0%Report (PDF)
2024-09-30Q3 2024 (3M)OK103.7
y/y 67.7%
37.8
y/y 59.9%
4967.5
y/y —
500.9
y/y —
12.7%Report (PDF)
2024-06-30Q2 2024 (3M)OK77.7
y/y 152.2%
23.4
y/y 224.9%
2883.5
y/y —
295.6
y/y —
32.7%Report (PDF)
2024-03-31Q1 2024 (3M)OK73.2
y/y 56.1%
22.3
y/y 37.3%
2437.9
y/y —
278.7
y/y —
31.7%Report (PDF)
2023-12-31Q4 2023 (3M)OK90.8
y/y —
33.8
y/y —
2269.8
y/y —
283.6
y/y —
—Report (PDF)
2023-09-30Q3 2023 (3M)OK61.8
y/y —
23.6
y/y —
—
y/y —
—
y/y —
—Report (PDF)
2023-06-30Q2 2023 (3M)OK30.8
y/y —
7.2
y/y —
—
y/y —
—
y/y —
—Evidence
2023-03-31Q1 2023 (3M)OK46.9
y/y —
16.2
y/y —
—
y/y —
—
y/y —
—Evidence

Income statement (bank, IFRS)

IFRS decomposition: interest, fee and trading result with provisions, costs and the recurring/non-recurring profit split (bn RUB). Source: eninvs.com.

Item, bn RUB202320242025YoY
Interest income3006931 088 +57%
Interest expense-69.9-314-568 -81%
Net interest income230380520 +37%
Credit-loss provisions-100-259-330 -28%
NII after provisions130120190 +57%
Fee & commission income128182235 +29%
Fee & commission expense-55.0-76.8-88.5 -15%
Net fee & commission income73.1106146 +38%
Financial instruments & investment result9.720.133.9 +68%
Other operating income, net-67.7-23.0-18.9 +18%
Operating income358562755 +34%
Administrative & other expenses (SG&A)-123-198-276 -39%
Profit before tax103152253 +66%
Income tax-22.4-30.1-61.0 -103%
Net profit80.9122192 +57%
of which recurring73.3106167 +57%
of which non-recurring7.616.225.8 +59%
Key ratios (annual)
ROE37.8%30.4%32.0% +1.6 pp
Cost of risk (CoR)12.77%14.77%11.58% -3.2 pp
Cost-to-income (CIR)34.3%35.3%36.6% +1.3 pp
Net interest margin (NIM)12.97%10.28%9.28% -1.0 pp

Quarterly dynamics & ratios

ROE = (net profit − perpetual bond coupons) ×4 / avg equity excl. perpetuals; CoR = provisions ×4 / avg credit portfolio; CIR = admin expense / operating income; NIM = NII ×4 / avg assets.

Quarter24/09
Q3		24/12
Q4		25/03
Q1		25/06
Q2		25/09
Q3		25/12
Q4		26/03
Q1		26/06
Q2
P&L, bn RUB
Net interest income104125115124131151149162
Provisions-83.9-87.0-67.4-92.1-92.1-78.9——
Net fee income29.533.730.034.038.543.6——
Financial instruments & investment16.04.243.436.1-1.123.041.066.1
Operating income153182115124191218149162
Admin (SG&A)-55.2-67.1-15.4-15.3-69.3-74.4-19.8-22.2
Net profit37.838.733.546.740.172.135.039.5
Balance (period-end), bn RUB
Credit portfolio2 5972 5372 5332 7742 9383 1693 2413 460
Securities portfolio (bonds)526532557746730755852946
Customer deposits3 9054 0103 7114 0004 2444 4124 1764 369
Other assets1 8452 0491 6411 8062 0322 1601 8401 867
Total assets4 9675 1184 7315 3265 7006 0845 9336 272
Equity501520566613634684720757
Key ratios (annualised)
ROE (annualised)38.0%30.3%24.7%31.7%25.8%43.8%20.0%21.4%
Cost of risk (CoR)17.73%13.56%10.64%13.88%12.90%10.33%——
Cost-to-income (CIR)36.0%37.0%13.3%12.4%36.2%34.1%13.3%13.7%
Net interest margin (NIM)10.56%9.92%9.37%9.83%9.48%10.27%9.93%10.63%

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Monthly operating statistics (RAS, bank charter)

<div class='muted' style='font-size:.72rem;line-height:1.2'>13.8 bln mo</div> source: CBR

Bank potential breakdown (Return per share)
ReportedForecastMonthly ×12
Reporting periodH1 2026
RAS profit, quarter months
Jan 2026 19.4 bln
Feb 2026 13.8 bln
Mar 2026 17.3 bln
Apr 2026 7.3 bln
May 2026 15.9 bln
Jun 2026 14.7 bln
Jan 2026 19.4 bln
Feb 2026 13.8 bln
Mar 2026 17.3 bln
Apr 2026 7.3 bln
May 2026 15.9 bln
Jun 2026 14.7 bln
RAS profit, following months
Jul 2026 19.1 bln
Aug 2026 24.4 bln
Forecast profit change (×1.12)+12%
Annualised profit, mln RUB149.0 bln166.6 bln293.0 bln
Book (equity)756.8 bln756.8 bln756.8 bln
ROE (annualised)20%22%39%
Price / Book0.96x0.96x0.96x
Potential [ROE / P/B]+21%+23%+40%
Card headline: avg of Forecast & Monthly+32%

Potential = annualised net profit / market cap (= ROE / P/B). 'Reported' is the last IFRS quarter annualised; 'Forecast' adjusts it for seasonality from the latest monthly RAS data (multiplier X = profit of the most recent months / profit of the quarter's months); 'Monthly ×12' annualises the latest RAS month. RAS = parent bank charter, IFRS = group; the bases differ, so the forecast is a momentum indicator.

PeriodNet interest income (YTD)
CBR Form 102
Non-interest result (YTD)
CBR Form 102
Pre-tax profit (YTD)
CBR Form 102
Net profit (YTD)
CBR Form 102
Total comprehensive income
CBR Form 102
Aug 2026241.3 bln
+109.8% y/y · 34.4 bln mo +114.6%
-72.8 bln
+4.6% y/y · -4.8 bln mo +21.7%
168.5 bln
+334.9% y/y · 29.6 bln mo +200.2%
131.8 bln
+296.1% y/y · 24.4 bln mo +216.2%
127.8 bln
+202.8% y/y · 23.1 bln mo +212.0%
Jul 2026206.9 bln
+109.0% y/y · 39.9 bln mo +107.8%
-67.9 bln
+3.1% y/y · -16.1 bln mo -58.6%
138.9 bln
+380.8% y/y · 23.8 bln mo +163.3%
107.3 bln
+320.2% y/y · 19.1 bln mo +49.5%
104.7 bln
+200.8% y/y · 17.0 bln mo +33.2%
Jun 2026166.9 bln
+109.3% y/y · 28.4 bln mo +84.4%
-51.8 bln
+13.6% y/y · -9.3 bln mo +12.8%
115.2 bln
+479.7% y/y · 19.1 bln mo +305.0%
88.2 bln
+591.1% y/y · 14.7 bln mo +280.7%
87.7 bln
+298.2% y/y · 12.9 bln mo +83.5%
May 2026138.5 bln
+115.2% y/y · 24.7 bln mo +84.2%
-42.5 bln
+13.7% y/y · -4.5 bln mo +57.8%
96.1 bln
+534.0% y/y · 20.2 bln mo +624.7%
73.6 bln
+725.4% y/y · 15.9 bln mo ×93
74.8 bln
+398.8% y/y · 16.2 bln mo ×15
Apr 2026113.8 bln
+123.4% y/y · 36.0 bln mo +171.7%
-38.0 bln
+1.6% y/y · -21.4 bln mo -149.2%
75.9 bln
+513.5% y/y · 14.6 bln mo +213.2%
57.7 bln
+560.1% y/y · 7.3 bln mo +215.7%
58.6 bln
+321.6% y/y · 9.1 bln mo turned +
Mar 202677.9 bln
+106.5% y/y · 25.6 bln mo +70.2%
-16.6 bln
+44.7% y/y · -4.5 bln mo +57.0%
61.3 bln
+694.5% y/y · 21.1 bln mo +360.7%
50.4 bln
+684.1% y/y · 17.3 bln mo +340.3%
49.6 bln
+232.7% y/y · 17.5 bln mo +493.4%
Feb 202652.3 bln
+130.6% y/y · 25.9 bln mo +130.8%
-12.1 bln
+38.2% y/y · -8.3 bln mo +7.7%
40.2 bln
×13 y/y · 17.7 bln mo +677.5%
33.1 bln
×13 y/y · 13.8 bln mo +737.8%
32.1 bln
+168.6% y/y · 13.1 bln mo +36.1%
Jan 202626.3 bln
+130.4% y/y · 26.3 bln mo +130.4%
-3.8 bln
+64.0% y/y · -3.8 bln mo +64.0%
22.5 bln
×26 y/y · 22.5 bln mo ×26
19.4 bln
×22 y/y · 19.4 bln mo ×22
19.0 bln
+724.2% y/y · 19.0 bln mo +724.2%
Dec 2025221.1 bln
+25.6% y/y · 28.8 bln mo
-87.1 bln
+15.2% y/y · -639 mln mo
134.0 bln
+82.8% y/y · 28.1 bln mo
112.1 bln
+84.7% y/y · 24.2 bln mo
121.7 bln
+129.3% y/y · 26.8 bln mo
Nov 2025192.3 bln
26.7 bln mo
-86.5 bln
-2.5 bln mo
105.9 bln
24.2 bln mo
87.9 bln
20.3 bln mo
94.9 bln
19.4 bln mo
Oct 2025165.6 bln
29.1 bln mo
-83.9 bln
-3.1 bln mo
81.7 bln
26.0 bln mo
67.6 bln
19.5 bln mo
75.6 bln
19.6 bln mo
Sep 2025136.5 bln
21.5 bln mo
-80.8 bln
-4.6 bln mo
55.6 bln
16.9 bln mo
48.1 bln
14.9 bln mo
56.0 bln
13.8 bln mo

Capital adequacy ratios (CBR)

Bank of Russia form 0409135 · latest reporting date 01.09.2026 (August 2026) · systemically important

Н1.012.97%headroom +2.97min. 10.00%
Н1.211.07%headroom +3.07min. 8.00%
Н1.18.82%headroom +2.32min. 6.50%
Н20.012.93%headroom +2.93group, 01.07.2026
group:
9.412.812.97%10.202509.2026ratio · dashed — minimum · bars — headroom
DateН1.0, % (headroom)Н1.2, % (headroom)Н1.1, % (headroom)Н20.0, % (headroom)Н20.2, % (headroom)Н20.1, % (headroom)Н2, %Н3, %Н4, %Status
01.09.202612.97 (+2.97)11.07 (+3.07)8.82 (+2.32)———98.89153.8235.82ok
01.08.202612.55 (+2.55)11.00 (+3.00)8.82 (+2.32)———107.38176.6535.82ok
01.07.202612.55 (+2.55)11.30 (+3.30)9.09 (+2.59)12.93 (+2.93)11.62 (+3.62)9.40 (+2.90)103.00230.5636.38ok
01.06.202612.47 (+2.47)11.44 (+3.44)9.28 (+2.78)———146.52205.3036.29ok
01.05.202612.36 (+2.36)11.58 (+3.58)9.35 (+2.85)———150.38217.1835.68ok
01.04.202612.67 (+2.67)11.83 (+3.83)9.49 (+2.99)12.99 (+2.99)12.05 (+4.05)9.70 (+3.20)110.11177.4635.57ok
01.03.202612.48 (+2.48)11.32 (+3.32)9.00 (+2.50)———137.58124.8235.00ok
01.02.202612.45 (+2.45)11.43 (+3.43)9.10 (+2.60)———144.51130.8134.88ok
01.01.202612.41 (+2.41)11.45 (+3.45)9.08 (+2.58)12.46 (+2.46)11.78 (+3.78)9.40 (+2.90)118.52151.6234.65ok
01.12.202511.88 (+2.63)11.37 (+4.12)9.39 (+3.64)———148.43134.7034.64ok
01.11.202511.55 (+2.30)10.21 (+2.96)8.19 (+2.44)———186.94109.4833.94ok
01.10.202511.44 (+2.19)10.25 (+3.00)8.20 (+2.45)11.81 (+2.56)10.50 (+3.25)8.45 (+2.70)169.23116.7433.08ok

CBR reporting dates are the 1st of the month, i.e. the previous month's close. Figures in brackets are headroom over the minimum incl. buffers; «r» marks a value taken from the bank's own release (clickable). N20.x are banking-group ratios, N2/N3/N4 are liquidity ratios, N27 is the NSTLR.

All banks, full history and liquidity ratios →

P/B — daily history

Current 0.96x · 3-year median 1.44x

P/B3-year median

P/E — daily history

Current 3.9x · 3-year median 5.9x

P/E3-year median

P/B is market cap ÷ equity of the latest reported quarter, P/E is ÷ profit of the last four quarters. EV/EBITDA is not computed for financials: EBITDA is not a meaningful line for them and their net debt is operating liquidity, not leverage.

Peer comparison

Group: Financial Services. Every peer trades on the same market, so no adjustment is needed.

CompanyMarketCap, $bnP/E
MTS BankRussia0.41.9x
MosgorlombardRussia0.02.2x
Bank VTBRussia15.32.8x
SovcombankRussia2.82.8x
SberbankRussia80.33.5x
DOM.RFRussia4.63.5x
ZaymerRussia0.23.7x
Bank Sankt-PeterburgRussia1.43.8x
CarMoneyRussia0.04.6x
EuroplanRussia1.010.6x
Credit Bank of MoscowRussia4.114.9x
Group median3.5x
Group average4.9x
This companyRussia8.83.9x

Group median 3.5x; this company 3.9x — a 9% premium.

Group average 4.9x; against the average this company is at a 22% discount. The average sits 40% above the median: Credit Bank of Moscow (14.9x) skews the group.

At the adjusted group median the market cap would be -9% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 28.3x, Russia 5.9x, South Africa 11.1x, Kazakhstan 9.2x, India 27.4x, Indonesia 7.3x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-22; the company's own is live.

Dividend potential

Dividend-model upside: -37%

The payout is forecast from smoothed profit × payout ratio, capped by free cash flow (developers exempt — escrow) and floored at the recent actual dividend (companies hold payouts while profitable). Fair yield = key rate + the historical yield-spread to the rate (so growers that historically traded below the rate score higher). Upside = fair price / current − 1.

1 · Forecast dividend (per policy)
Smoothed net profit (median YTD-ann./LTM/FY)187 bn RUB
Payout ratio24%
Free cash flow (FY, OCF − capex)-200 bn RUB
Recent actual dividend (3-yr median)17.40 ₽
= Forecast dividend per share17.40 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.0%
Historical yield spread to rate (3-yr median)-12.4 pp
= Fair dividend yield (bank floor ≈ rate−3.5)10.5%
3 · Valuation → upside
Current price270 ₽
Forecast dividend yield6.4%
Fair price (dividend-based)170 ₽

Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.

Three-year model and IRR with caveats

Expected IRR: +40% (bear +16% … bull +63%)

price in 3 years 638 ₽ (+136% к 270 ₽); dividends along the way 77.65 ₽ (+29% цены); base — LTM на 2026-06-30 (H1)

Metric, RUB mlnLTM, actual
12m to 30.06.2026
2027
12m to 30.06
2028
12m to 30.06
2029
12m to 30.06
Assets6.27 trn8.47 trn10.34 trn11.88 trn
Asset growth—+35%+22%+15%
Return on assets2.98%2.89%2.85%2.85%
Opening equity756.8 bn756.8 bn943.4 bn1.17 trn
ROE23.7%32.3%31.3%29.0%
Net profit186.7 bn244.5 bn295.2 bn339.3 bn
Closing equity—943.4 bn1.17 trn1.43 trn
Equity to assets—11.1%11.3%12.0%
Dividend per share17.40 ₽21.60 ₽26.07 ₽29.98 ₽
Yield on current price6.4%8.0%9.7%11.1%
Where the growth comes from
Revenue-growth sourceweightgrowth: yr 1 · 2 · 3
Realised pace (acceleration/deceleration)
LTM YoY +44%; acceleration +21.0pp; capped: no other source corroborates it
LTM г/г по отчётности		100%+35% · +22% · +15%
Model assumptions
Exit multipleP/B 1.20x (0.96x…1.75x)
Partial re-rating: the mean of today's P/B 0.96 and the three-year median 1.44. For banks this base is measurably better — on our daily series (14 names, 5,163 observations) the median three-year error is 0.42 against 0.45 for today's multiple and 0.50 for the median alone, and the odds of ending above today's are 48%. Full re-rating to 1.75 is the bull case
Key rate by year13.2% · 9.8% · 8.1% (averaged over the 12 months to each model year end, not over the calendar year)
Cost inflation6.2% · 5.6% · 5.3%
Dividend policy24% of net profit
Current CPI (actual)6.3%, на 2026-09-30
Governanceno flags: the dividend has not faded against profit, payouts were not suspended, no audit qualification and no manual penalty — quality multiplier 1.00
Model versus analyst forecasts
Linemodelanalystsgap
2027 Консенсус, houses: 7.0 · blended from 50% 2026 + 50% 2027
Net profit244.5 bn245.6 bn1.00x
2028 Консенсус, houses: 4.0 · blended from 50% 2027 + 50% 2028
Net profit295.2 bn300.8 bn0.98x

The comparison runs on financial results, not target prices: a target depends on the multiple and horizon, while revenue and EBITDA forecasts compare directly.

Forecast accuracy measured on history
Historical forecast checkobsmedian errorbias±20%
Net profit921%0.84x44%

The model is anchored at each past reporting date with only the data available then, and its one-year-ahead forecast is compared with the actual. Rates and inflation are actuals, so this checks the operating forecast, not macro guessing.

Independent one-year estimates: eninvs Company_Forecast — 383 ₽; eninvs DividendPrediction — 77.50 ₽; Frontier див-модель — 170 ₽. Ours on the same horizon — 422 ₽

Checks and caveats
  • ⚠ Growth rests on a single source (momentum)
  • ⚠ Historical check (9 observations): median profit miss 4.6 pp of revenue, within ±5 pp in 56% of cases, relative error 21% at bias 0.84x
  • ⚠ The miss is one-sided: across 9 measurements the median profit forecast came to 0.84 of actual — the model consistently FAILS TO KEEP UP with this business. So the IRR here is more a floor than a ceiling; erring this way is safer, but the precision cannot be relied on
  • ⚠ The share count is growing: 1993m 3.0 years ago against 2683m now — 10.4% a year, last change 2026-01-27. If that pace holds, the value of a share in year 3 is 26% below the base figure: the base holds today's count (no issue is announced) and continued dilution sits in the bear case
  • ⚠ The forecast cash flow cannot be checked against the statement: the group holds a bank or fintech, so client money inflows land in operating cash flow — Ozon's 'actual' comes to +216bn where the formula gives minus 42. No conversion correction is applied here
  • ✓ Year-3 ROE 29%
  • ✓ Three-year dividends — 29% of the current price
  • ✓ IRR +40%
  • ✓ Minority interests are 13% of group equity; profit is taken net of them (96% of group) and so is equity. Perpetual subordinated instruments are excluded from equity — debt in substance
  • ✓ Profit runs off assets rather than retained earnings; the capital cushion covers the whole horizon
  • ✓ Base is fresh: report 4 months old
  • ✓ Versus the analyst forecast for 2027 (7 houses): profit 1.00x
  • ✓ One-year value agrees with an independent estimate: eninvs Company_Forecast (1.10x). Compared with: eninvs Company_Forecast, eninvs DividendPrediction, Frontier див-модель
  • Profit runs off assets (RoA 2.86%), not retained earnings; asset growth from смесь взглядов на темп бизнеса. Growth is capped by leverage: equity/assets stays above 10.1%, the bank's own historical minimum.

A forecast, not investment advice. Related-market prices are held at today's level, so the model answers what the business earns and is worth if markets stay here — it does not predict prices.

Dividend history

Paid, trailing 12-mo: 17.40 RUB/sh · 6.4%

Pay yearDividend /sh
202617.40 ₽
202510.00 ₽
20249.25 ₽
20211.78 ₽
20204.18 ₽
20181.77 ₽
20174.47 ₽
20161.30 ₽
Payments by period
PeriodLast day to buy/sh
2026 q42026-10-094.70 ₽
2026 q32026-08-074.60 ₽
2026 q22026-05-224.50 ₽
2026 q12026-01-063.60 ₽
2025 q42025-10-033.50 ₽
2025 q32025-07-163.30 ₽
2025 q22025-05-153.20 ₽
2024 q42024-11-229.25 ₽
2021 q12021-03-241.78 ₽
2020 q42020-11-231.91 ₽

Dividends

No dividend rows found for this issuer.

Trading microstructure: order book & tape

Share of volume initiated by buyers (crossing the spread):
1d: 48% buy — balanced5d: 51% buy — balanced20d: 51% buy — balanced

No iceberg levels detected last session.
Robot clips (recurring characteristic order size): 2 bid / 4 ask; largest — ask 916 lots ×485 appearances across 136 price levels. Ping probes (1-2 lots, typical iceberg hunting): bid ×410, ask ×438.

DayBuyer initiativeIcebergs bid/askRobots bid/askTrades
21.1048%0/02/434,026
20.1048%3/03/236,268
19.1053%0/04/657,045
16.1052%1/03/227,554
15.1050%0/02/435,345

Source: L2 order book + trade tape (TQBR main session, ~23 liquid names). Trade side = the aggressor crossing the spread. Iceberg = level filled a multiple of its displayed size with regular refills. Robot clip = a non-round order size recurring hundreds of times across dozens of price levels (an algo's fingerprint migrating with price); ping = 1-2 lot probe orders. Updated nightly.

Investment-community mentions

Substantive mentions last 7 days: 1, last 30 days: 12 (5 positive, 1 negative) across tracked channels, broker research and shows. 26 passing mentions (digests, calendars) hidden.

Sources: Telegram channels (bloggers — blue chip, broker research — green), YouTube shows via transcripts (orange). Tone (▲/▼) is an automatic assessment in the stock's context. Quotes are fragmentary; authors' views are not our recommendations.

Corporate events

02.10.26Filing★ ▲ Дата определения (фиксации) лиц, имеющих право на осуществление прав по ценным бумагам эмитента
Компания 'Т-Технологии' установила дату фиксации прав по акциям на 12 октября 2026 года, что позволит акционерам получить дивиденды за первое полугодие 2026 года. Протокол общего собрания акционеров был составлен 2 октября 2026 года.
02.10.26AGM / Board★ ▲ Решения общих собраний участников (акционеров)
На внеочередном собрании акционеров МКПАО «Т-Технологии» было решено выплатить дивиденды в размере 4,7 руб. на акцию по результатам полугодия 2026 года. Дивиденды будут выплачены до 26 октября 2026 года для номинальных держателей и до 17 ноября 2026 года для других акционеров.
01.10.26AGM / Board★ Решения совета директоров (наблюдательного совета)
Совет директоров МКПАО «Т-Технологии» утвердил денежную оценку имущества, которое будет использовано для размещения дополнительных акций, составившую 84,8 млрд. руб. Цена размещения дополнительных акций установлена на уровне 320 руб. за акцию.
25.09.26Filing★ ▼ Проведение заседания совета директоров (наблюдательного совета) и его повестка дня
30 сентября 2026 года состоится заседание совета директоров МКПАО «Т-Технологии», на котором будет обсуждаться оценка имущества для размещения ценных бумаг, установление цены размещения дополнительных акций и утверждение условий размещения. Также будут затронуты вопросы, связанные с акциями, зарегистрированными под номером 1-01-16784-А.
22.09.26Filing★ ▼ Принятие решения о размещении ценных бумаг
Компания 'Т-Технологии' приняла решение о размещении 550 млн. дополнительных акций через закрытую подписку. Преимущественное право на приобретение акций будет предоставлено акционерам, и дата определения лиц с этим правом - 25.08.2026.
11.09.26Filing★ ▲ Присвоение или изменение рейтинга эмитента рейтинговым агентством или иной организацией на основании договора
11 сентября 2026 года Международная компания публичное акционерное общество 'Т-Технологии' получила кредитный рейтинг А+(RU) от Аналитического Кредитного Рейтингового Агентства (АКРА). Рейтинг был присвоен на основе методологии для холдинговых компаний в России.
21.05.26Filing★ ▲ Созыв общего собрания участников (акционеров)
Внеочередное общее собрание акционеров МКПАО «Т-Технологии» состоится 30 июля 2026 года с заочным голосованием. В повестке дня - вопрос о выплате дивидендов за первый квартал 2026 года. Акционеры могут ознакомиться с материалами собрания с 7 по 30 июля 2026 года.

Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.

RU equity fund ownership

Disclosed in the top-10 of 11 of 17 funds, ≈3,8 млрд ₽ combined. Last month: added — 1, trimmed — 1, left top-10 — 1.

FundManagerWeight≈PositionΔ weight m/mDisclosure
TITR Т-Капитал Акции ростаТ-Капитал9.10%28 млн ₽+0.62 pp31.08.2026
AMRE АТОН – Российские акции +Атон-менеджмент8.79%76 млн ₽-0.96 pp31.08.2026
AKME Альфа-Капитал Управляемые акцииАльфа-Капитал8.63%1,2 млрд ₽—31.08.2026
GROD ДОХОДЪ Индекс акций ростаДОХОДЪ7.26%14 млн ₽—31.08.2026
AKIE Альфа-Капитал Управляемые акции с выплатой доходаАльфа-Капитал7.03%26 млн ₽—31.08.2026
BCSR БКС Индекс Российского рынкаБрокеркредитсервис6.83%24 млн ₽—31.08.2026
SBPS Первая – Фонд Моя цель 2035Первая5.96%8 млн ₽—31.08.2026
EQMX ВИМ - Индекс МосБиржиВИМ Инвестиции4.99%664 млн ₽—31.08.2026
AKUP Альфа-Капитал Умный портфельАльфа-Капитал4.98%16 млн ₽—31.08.2026
SBMX Первая - Фонд Топ Российских акцийПервая4.96%1,0 млрд ₽—31.08.2026
TMOS Т-Капитал Индекс МосБиржиТ-Капитал4.91%733 млн ₽—31.08.2026
TRND Т-Капитал Трендовые акцииТ-Капиталleft top-10 (was 3.83%)31.08.2026

Source: monthly fund portfolio disclosures (investfunds); NAV is daily. Disclosures list each fund's top-10 only, so absence does not mean no position. Weight changes mix revaluation with trading. Fund flows and betas live in the fund monitor on the RU region page.

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of TBank — from primary filings.

Frequently asked questions

What is TBank's P/E ratio?
TBank trades at a P/E of 3.9x (price to trailing 12-month earnings).
What is TBank's P/B ratio?
TBank trades at a P/B of 1.1x.
What is TBank's dividend yield?
TBank's trailing 12-month dividend yield is 6.4%.
What is TBank's return on equity (ROE)?
TBank's ROE is 21.4%.
What is TBank's market capitalization?
TBank's market cap is 721.3 bn RUB.

Bonds by this issuer

IssueYTMCouponPrice, %1DVolume today, ₽Avg vol. 20D, ₽Maturity
ТбанкБ12—13.5%105.00+0.00%2K3K12.2026
ТбанкБ11—13.5%112.21+0.00%3K5K12.2026
ТБанкИС1-8—0.01%4.00+0.00%40K15K07.2027
ТБ-1ST2-01—18%————09.2033

Price, YTM and turnover from MOEX; 1D is the current price vs the previous session close; floaters have no fixed YTM. Not investment advice.

See also: The Cheapest Bank Stocks in the World (2026): Where Global Banks Trade Below Book · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map