Metcombank Among Russia’s Top 10 Best-Growing Banks

2 October 2019 (10:50)

UrBC, Yekaterinburg, October 2, 2019. Metcombank came sixth in the rating of Russian banks with the best asset growth dynamics in the first half of 2019, the bank’s press service refers to Kommersant Publishing House’s research as indicating.

Metcombank also came eighth in the rating of most foreign currency-oriented banks.

In terms of all the primary financial performance parameters, the bank was No. 73 on the list of Russia’s top hundred banks.

‘Metcombank is one of the Urals’ largest banks set up in Kamensk-Uralsky in 1993. The bank has expanded considerably throughout the years and now runs a network of branches and subsidiaries in Yekaterinburg, Kamensk-Uralsky, Moscow, and Saratov. Moody's Investors Service affirmed Metcombank’s long-term national and foreign currency ratings at B2, with Stable rating outlook, in April 2019. In June 2019, Russia-based Analytical Credit Rating Agency (ACRA) also affirmed the bank’s rating at ВВВ-(ru), with Stable rating outlook,’ the press service says.

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