Credit-Moscow Bank Ranked among Top 50 Largest Banks
OREANDA-NEWS. May 24, 2012. According to data published by RBK.Rating on April 24, 2012, Credit-Moscow Bank is ranked among the top 50 largest banks operating in the small and medium-sized business loan market; in 2011 the bank issued 3.0 billion rubles to entrepreneurs.
The data indicate that the volume of loans for developing small and medium-sized businesses in Russia is still on the rise, though the growth rates cannot be described as “explosive”. For example, the total amount of loans issued to SMBs in 2011 was slightly more than 2.25 trillion rubles for all participants, whereas the same banks had issued 1.46 trillion rubles of loans to developing Russian businesses by the end of 2010. So, the annual growth rate was around 54% whereas growth in the previous year was lower, at 40%-45%.
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