T-Technologii to Fully Consolidate Tochka Bank by 2026

The board of directors of the T-Technologii group has put forward proposals for shareholders to consider regarding the consolidation of up to 100% of Tochka Bank«s shares and a split of its own shares. Against the backdrop of this news, T»s stock quotes rose by 1% on the morning of February 3.

It is planned that the acquisition of Tochka«s shares will be carried out through an additional issue of T-Technologii shares via a private placement. The bank»s valuation will be announced at the end of the second quarter of 2026 after an independent appraisal taking into account market multiples.

The price of the additional shares is expected to be set above the market value of T«s shares at the time of the transaction. The maximum volume of the issue, including a reserve for pre-emptive rights, will be known before the extraordinary general meeting of shareholders.

Shares not claimed as part of the deal are planned to be canceled. The share of the group«s key shareholder after consolidation will not exceed 50%. The completion of the operation is scheduled for autumn 2026, and the process will be phased with regular disclosure of information.

As noted by the chairman of the board of directors, Alexei Malinovsky, the B2B segment is seen as a key growth driver. Consolidation will allow scaling advantages in corporate business and increasing the share in the financial services market for entrepreneurs.

The president of T-Technologii, Stanislav Bliznyuk, emphasized that Tochka will retain operational independence under the leadership of the current team. The merger will accelerate product development and expand non-financial services for small and medium-sized businesses.

«The operational independence of Tochka Bank is maintained and is not up for negotiation,» confirmed Andrei Zavadskikh, CEO of Tochka Bank. «For us, the partnership with T-Technologii is an opportunity to attract additional resources that allow us to grow more actively and achieve strategic goals faster.»

Currently, Tochka Bank serves over 800,000 entrepreneurs, and its staff numbers 6,500 people.

In parallel, the board of directors has proposed that shareholders approve a split of T-Technologii shares in a 1:10 ratio. The goal of the split is to increase the accessibility of the shares for private investors and improve price positioning in the market.

If the decision is approved at the extraordinary general meeting on March 10, 2026, the total number of the group«s shares will increase from 268.3 million to 2.68 billion pieces.

After the split, the company will retain its current dividend policy with quarterly payments and continue the share buyback program from the market of up to 10% of free-float for management incentive programs. The possibility of accelerating the buyback in case of significant deviations of market capitalization from the fair value of the business is also being considered.