Sovcombank
Offer | Coupon | Expdate |
---|
The Sovcombank Group comprises a systemically important bank, insurance, leasing, factoring, and other financial institutions. Sovcombank is one of Russia fastest growing and most successful financial groups, over the last decade, the average return on equity (ROE) has been 35%, with a compound annual equity growth rate of 35%. When Sovcombank (formerly Buoykombank) was acquired in 2002, it had only one branch, 17 workers, and ?2 million in equity. As of December 31, 2023, Sovcombank was the third largest privately-owned bank in Russia by total RAS asset, with a branch network of 2,000 offices in 1,000 Russian localities and 29 thousand employees.