Sovcombank Named Best Bank in Russia by Euromoney
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...