METCOMBANK Among Top 10 Banks

16 December 2019 (09:11)

UrBC, Yekaterinburg, December 16, 2019. METCOMBANK was one of Russia’s top ten banks in terms of asset growth in the three quarters of 2019, Kommersant Publishing House’s experts refer to Interfax-CEA’s rating as indicating.

According to the bank’s press service, the rating is based on the data for the country’s one hundred largest banks’ asset volume as of October 1, 2019. METCOMBANK’s assets rose by 21.5% and reached RUB 75.5129 trillion.

Given all of the bank’s financial performance indicators, METCOMBANK is still on the list of Russia’s top 100 banks.

METCOMBANK is one of the Urals’ largest banks that was founded in Kamensk-Uralsky, Sverdlovsk Region, in 1993. The bank has expanded to other parts of Russia over the years, setting up branches in Yekaterinburg, Kamensk-Uralsky, Moscow, and Saratov. Moody's Investors Service affirmed the bank’s long-term national and foreign currency deposit ratings at B2, with Stable rating outlook, in April 2019. The rating agency ACRA affirmed METCOMBANK’s rating at BBB-(ru), with Stable rating outlook, in June 2019.

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