Credit Bank of Moscow only Russian company in Forbes list

Credit Bank of Moscow only Russian company in Forbes list
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Moscow: Private sector Credit Bank of Moscow on Thursday announced that it has become the only Russian company to feature in the US magazine Forbes Growth Champions List this year.

In a statement here, the Credit Bank of Moscow said Forbes included the Russian bank among 250 “growth champions” of this year featured in its Global 2000 rankings of the world’s largest public companies.

The Growth Champions List includes companies which have achieved maximum average annual income growth during 2014-17.

“According to Forbes, these companies are the main source of economic growth in the 21st century,” the statement said.

The Credit Bank of Moscow is Russia’s ninth largest lender by assets and one of the 11 “systemically important banks” as defined by the country’s central bank.

Forbes has published the Global 2000 rankings for the past 16 years. The ranking lists 2,000 public companies whose revenue is at least $1 billion.

IANS