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Sovcombank Named Best Bank in Russia by Euromoney

Jul 12, 2019 - PR Newswire

PR Newswire

According to Euromoney, low  interest rates and returning consumer confidence created a fertile environment for Russia's retail lenders last year. The winner of the award for Russia's best bank, Sovcombank, took full advantage of  this trend expanding its loan portfolio by 39%. Retail lending remained the key driver of revenues and profitability for the combined entity last year, however, accounting for the majority of 44% rise in net interest income.

The Awards jury al...