Credit Bank of Moscow (MKB) is the leading non-state publicly traded Russian bank designated as a systemically important banking institution (SIFI) with equity of c. USD 3.1 bln and total assets of over USD 41.5 bln as of 3m 2021[1].

The Bank is amongst the fastest growing and most profitable universal banking institutions in Russia: total assets grew at the CAGR of over 16% and the average ROE amounted to c. 16% in 2017-2020.

MKB operates a well-established diversified universal franchise with a strong footprint in the corporate segment and growing presence in retail banking. The Bank’s client-centric business model provides sustainably high through-the-cycle profitability with a moderate risk profile. Despite its robust growth, the Bank maintains sound asset quality with the NPL ratio at 3.1% and NPL coverage of 148% as of 3m 2021.

For years, MKB has supported social initiatives, responsible business conduct and was actively involved in environmental initiatives and «green financing». The Bank follows EBRD and IFC compliant practices in corporate governance and broadly in ESG framework.

The Bank was ranked as a top-2 non-state bank by total assets in INTERFAX-100 as at 1 July 2021. MKB is currently rated ‘Ba3’/ ‘BB‘/ ‘ВВ‘ by Moody’s / Fitch / S&P. In October 2019 MKB became the first Russian bank to get ESG rating, ‘BBB’ from Rating-Agentur Expert RA GmbH. The bank is among top 5 most advanced Russian banks in terms of sustainable development and has become first among banks in RAEX Europe’s ESG ranking of Russian companies (1).

MKB total assets and equity were converted at CBR USD/RUB exchange rate of 75.7023 as at 31 March 2021.

(1) As of July 2021,